Uragold Updates Shareholders on the Beauce Placer Gold Project; Will Issue a 43-101 Compliant Inferred Resource Followed by a Preliminary Economic Assessment - Seite 2

Once the new NI43-101 technical report will be published, UBR will mandate WSP Group (formerly Genivar) to complete the above mention assessment into to a NI43-101 compliant Preliminary Economic Assessment (PEA). Interest in our project remains strong and having these reports will only broaden Uragold's financing options and allow Shareholders to better value their investment in the Company.

To help shareholder visualize and compare the advancement of the Beauce Placer project, Management has modified the standard hard rock gold project mine and exploration development Cycle table under appendix 1 to illustrate the development stages cycle of a "standard" placer vs the advancement of our Beauce project.

Mr Vivian Stuart-Williams, SACNASPS, working under Special Authorization #290 of the Quebec Order of Geologist, is a Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

Patrick Levasseur, president and COO of Uragold stated, "Management is eager to present to investors in a complete fashion all information gained during the preparation of the 43-101. Further more the PEA will finally allow management to demonstrate the low cost nature of our Beauce project. Shareholders will be able to appreciate Uragold's Fundamental value."

PDAC

For the first time Uragold will be an exhibitor at the 2014 PDAC (Prospectors & Developers Association of Canada) convention and trade show held in Toronto, Ontario from March 2 to 5. Uragold welcomes everyone to come and meet the management.

*An "Inferred Mineral Resource" is that part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological/or by grade continuity. It is based on information gathered through appropriate techniques from location such as outcrops, trenches, pits, workings and drill holes which may be of limited or uncertain quality and reliability.

About the Beauce Placer Gold Project

From 1959 to 1961, the Beauce Placer Mining Company, using a dragline and a floating Yuba dredge, mined 56,000 oz of gold from an area representing less than 20% the Rang Chaussegros placer channel. Sedimentological observations and characteristics of the gold grains extracted from the property suggest a close proximity to a bedrock source. An Induced Polarization (IP) survey revealed a strong conductive anomaly (+60 msec) of the bedrock below the auriferous basal till. This anomaly could correspond to a bedrock source for the gold.