Star Gold Issues New Technical Report on Longstreet Gold-Silver Property

COEUR D'ALENE, ID--(Marketwired - Mar 11, 2014) - Star Gold Corp. ("Star Gold" or the "Company") (OTCQB: SRGZ) today announced that it has released an updated and expanded Technical Report covering its flagship property, the Longstreet Property, located near Tonopah, Nevada (referred to herein as the "Longstreet Property" or the "Longstreet Project"). The Technical Report was produced under the National Instrument (NI) 43-101 standards; please refer to the Cautionary Statement Regarding Mineral Resources set forth at the end of this Press Release.

The independent Technical Report entitled "Longstreet Project, Nye County, Nevada Revised Technical Review and Resource Estimate" (the "Technical Report" or "The Noland Report"), dated February 16^th, 2014, was prepared for Star Gold by Paul D. Noland CPG ("Noland"). Noland has no direct or indirect interest in Star Gold Corp. The Noland Report incorporates all historical drilling and drilling done by Star Gold Corp at the Longstreet Property. The Noland Report is independent of and separate from the "Agnerian Report" which was announced by the Company on February 10, 2014; a copy of which is posted on the Company's website at: http://www.stargoldcorp.com. Interested parties are advised to review both the Agnerian Report and the Noland Report (as well as all other materials posted on the Company's website and/or filed with the Securities and Exchange Commission and available at www.sec.gov).

The Noland Report will be available, after 4pm Eastern Daylight Time today, on the Company's website.

In the Technical Report Noland states that "The 2012 and 2013 drilling programs at Longstreet have extended the resource to the east and internal holes have continued to prove the continuity of the deposit. Good thicknesses of mineralization have been discovered to the northwest, east and southeast of the original resource. Additional expansion drilling is recommended."

The analysis set forth in the Technical Report finds that there exists at the Main Zone of the Longstreet Project:

• An indicated resource of approximately 173,000 ounces of gold equivalent (AuEq) at an average grade of 0.020 ounces per ton (oz/ton). The indicated resource contains approximately 113,000 ounces of gold (Au) and 3.6 million ounces of silver (Ag). This derives from an average Au grade of 0.013 oz/ton and Ag grade of 0.411 oz/ton.
• An additional inferred resource was estimated at 40,000 ounces of AuEq at an average grade of 0.017 oz/ton. The inferred resource is estimated to contain approximately 19,000 ounces of Au and 1.3 million ounces of Ag.
• A preliminary pit was designed which covered the entire selected resource using a cut-off grade of 0.005 oz/ton. This is resulted in a strip ratio of 1:1.70.

A graphical video of the Noland Report proposed pit and the enclosed resource, grade and tonnage can be found on the Company's website.