To: Goose94 who wrote (3417 ) 5/15/2014 3:25:23 PM From: Goose94 Read Replies (2) | Respond to of 203443 Algold Resources (ALG-V) May 15, '14 has started the phase I reverse circulation drilling program in Mauritania, which will be financed from current cash on hand, as updated below. The cumulative results of the airborne magnetometer survey, IP surveys, gold soil geochemical analysis and geological mapping, have generated optimal drill targets over prospective areas on both the Kneivissat and Legouessi properties, located in Mauritania. The phase I RC drilling program started on May 10, 2014, and already more than 500 metres (in six holes) have been drilled on the KC prospect (see press release dated April 29, 2014), over the large combined magnetometer, IP chargeability and gold-in-soil anomaly. Drilling is advancing as planned and the first-phase 5,000-metre program is expected to be completed by mid-June, 2014, with the first results expected in early July, 2014. The phase II drilling program will focus on the best results from phase I, likely in the third quarter of 2014. In May, 2014, the corporation received $926,000 in anticipated other receivables. The corporation currently has approximately $1.2-million in cash available to finance exploration and general activities. The corporation also granted 40,000 options at 20 cents per option to its chief financial officer on April 28, 2014. These options expire in 10 years. Quality qssurance/quality control (QA/QC) Analytical work for soil geochemical samples and rock chip samples is being carried out at the independent ALS Abilab Laboratories Ltd. in Bamako, Mali. Samples are stored at Algold field camp and put into sealed bags until they are delivered by a geologist to ALS's preparation laboratory in Nouakchott, Mauritania. Samples are sieved and prepared for shipping to Bamako. In Bamako, samples are crushed and pulverized to 200 mesh (80 micron), and a 30-gram split is analyzed by fire assay with an AA finish. Blanks and duplicates are being used to monitor laboratory performance during the analysis. Analytical work for the drilling program conducted by Caracal was carried out at ALS Irish laboratory, under the supervision of a senior geologist. This press release has been reviewed for accuracy and compliance under National Instrument 43-101 by Andre Ciesielski, DSc, PGeo, Algold Resources' lead consulting geologist and qualified person.