Montana Gold Employs Hyper Spectral Imaging Technology at Golden Trail Project, Elko County, Nevada

LONDON, ONTARIO--(Marketwired - July 29, 2014) - Montana Gold Mining Company Inc. ("MGM" or the "Company") (CSE:MGM) has recently completed an encouraging pilot survey using hyperspectral imaging technology on 44 five-foot rock-chip line samples taken late last year at the Golden Trail Project, Elko County, Nevada ("Golden Trail"). This pilot survey discovered a distinctive alteration mineral assemblage associated with higher gold values and therefore useful as an exploration pathfinder at Golden Trail.

The Company is now planning to conduct an airborne hyperspectral survey over the Golden Trail and other areas of interest. In addition, the Company plans to apply hyperspectral technology in the logging of all drill core as drilling of the property proceeds. An application for a drilling permit at Golden Trail is well advanced and an announcement will be made upon receipt.

Edward Ellwood, President of MGM, comments, "This technology is what NASA uses to identify rock types on Mars. It is now available for commercial use on Earth and we are seizing on the advantages and information that it can provide."

Mr. Ellwood continues; "Hyperspectral imaging is a state of the art method of accurately identifying rock types, minerals or even mineral species. Every mineral type has a unique spectral signature in sunlight. What is happening here is that the trained geologist's human eye is being enhanced by this technology and our ability to track down mineralized beds or deposits is considerably enhanced. We plan to use it throughout our exploration of the Golden Trail as we feel that it will quickly enable 3-D modeling and provide essential geologic control."

The 44 samples used in the pilot survey were rock-chip line samples taken over five-foot continuous intervals at surface. The hyperspectral study established that the highest gold values are within hydrothermally altered and replaced marble/limestone that is little distinguished in outcrop from adjacent altered limestone with significant but lower values. These original samples were taken to establish a better understanding of the controls on gold mineralization and found that the highest values are along the contacts between solution collapse breccia and hydrothermally altered marble and an overlying and shallowly dipping jasperoid horizon. The distinctive mineral assemblage discovered by the hyperspectral pilot study distinguishes the zones of high gold values from zones of lower gold values.