Northern Vertex Files First Quarter Fiscal 2015 Financial Results - Seite 2

Gold and Silver Sales Proceeds

• Monies received from the Pilot Plant to date have totalled US$5.2 million from 3,851 ounces of gold at an average selling price of US$1,263.08 per ounce and 16,747 ounces of silver at an average selling price of US$20.21 per ounce. Approximately US$300,000 is anticipated before the end of the calendar year, for total sales proceeds from the Pilot Plant Operations Phase of approximately US$5.5 million.

Operations

• The heap leach pad operation has transitioned into shut-down mode and the neutralizing of the solutions in the ponds and on the heap has commenced. Small quantities of gold and silver continue to be recovered from the heap solutions and are being adsorbed in the carbon columns. Carbon is being chemically stripped at an off-site facility and gold and silver sales are continuing. Final closure is expected in early December. At that time the Company will place the leach facilities on care and maintenance in advance of a future construction decision relating to commencement of operations.

Exploration

• Based on the presence of several structures and vein trends across the Moss and adjacent Silver Creek Properties, the Company initiated a rock sampling and geological mapping program on areas away from the Moss Deposit area. The objective of the programme is to identify and prioritize areas for future drilling where new resources may be discovered. Only approximately 5% of the property has been explored to date.

Corporate

• On September 25, 2014, the Company amended the expiration date of 1,321,500 warrants exercisable at $1.15 from October 4, 2014 to October 4, 2015. In all other respects, the terms of these warrants remain unchanged;
• On July 11, 2014, the Company completed the second tranche of its non-brokered private placement ("Private Placement") for total gross proceeds of $3,760,525 by issuing an aggregate total of 15,042,098 units (each "Unit") at a purchase price of $0.25 per Unit. The initial tranche of the Private Placement closed on July 3, 2014, with an issuance of 11,042,098 Units. Each Unit consists of one common share of the Company and one-half transferable share purchase warrant.

About Northern Vertex

Northern Vertex Mining Corp. is a Canadian based exploration and mining company focused on the reactivation of the Moss Mine Gold-Silver Project located in NW Arizona, USA where the Company has the right to earn-in to a 70% property interest through a Joint Venture with Patriot Gold Corp. The Moss Mine Gold-Silver Project is an epithermal, brecciated, low sulphidation quartz-calcite vein and stockwork system which extends over a strike length of 1,400 meters and has been drill tested to depths of 370 meters vertically. It is a potential heap leach, open pit project being advanced to the Feasibility Study stage to ensure that technical, economic, permitting and funding requirements are met prior to proceeding with the development of the mine. The Company's management comprises an experienced management team with a strong background in all aspects of acquisition, exploration, development, operations and financing of mining projects worldwide. The Company is focused on working effectively and respectfully with our stakeholders in the vicinity of the historical Moss Mine and enhancing the capacity of the local communities in the area.