Corvus Gold Inc. announced the start of its planned aggressive 2014 exploration drill program at its 100% controlled North Bullfrog Project in Nevada. The program is scheduled to include an initial phase of diamond drilling totaling 4,000 meters to commence in early February. The primary objective of phase one is to try and expand the Yellowjacket deposit along strike and at depth.

A second phase of drilling, consisting of 15,000 meters, is scheduled to start in late May. The second phase program is designed to focus on adding high-grade resources and includes initial testing of the larger and higher priority new high-grade targets in the District such as the Jolly Jane/Road Fault area. Recent exploration results from this area, which has a large high level surface alteration system similar to the upper levels of the Yellowjacket, have indicated that it could potentially host a high-grade system much like the Bullfrog deposit.

Yellowjacket Drilling: The Yellowjacket vein system has now been drilled over a strike length of 800 meters and to a vertical depth of 120 meters but remains open in all directions, particularly to the North as shown by hole NB-13-369 (37m at 3.2 g/t gold) and NB-13-372 (28m at 2.9 g/t gold) and also at depth, as shown by hole NB-13-370 (42m at 4.9 g/t gold) which was drilled to a vertical depth of 170 meters. Geologic indications in hole NB-13-223 show that the main high-grade structural zone continues to the North for at least 200 meters farther and remains open. Following the vein north will be the higher priority in 2014.

To date, only two holes have tested the system to depths of greater than 120 meters the surface and, as in hole NB-13-370, the grade and width of the system appears to improve at depth as it did in the historic Bullfrog Deposit which was mined by Barrick Gold Corporation and located 10 kilometers to the south. This expansion potential for the Yellowjacket system will also be a primary target in the first phase. In 2013, a number of quartz veins with high gold and silver grades were found in the corridor between the Yellowjacket and the eastern Liberator Zone.

These included holes NB-13-344 (8.3m at 10.7 g/t gold and 9.7 g/t silver), NB-13-350 (1.9m at 2.4 g/t gold and 6.6 g/t silver) and NB-13-352 (2.4m at 7.6 g/t gold and 6.9 g/t silver). The structure in this corridor is complex and contains significant potential for both stockwork and other high-grade veins. Additional core holes will be drilled to follow up the 2013 high-grade vein intersections.

Other Targets in the Sierra Blanca Area: Drilling in 2013 has proven that several structures in the vicinity of Sierra Blanca are mineralized. These include the NE30 fault, where mineralization has been intersected in holes BGS-22 (9.6m at 0.65 g/t gold) and NB-13-371 (10.6m at 0.7 g/t gold) along a strike length of over 550 meters. Mineralization has also been found along the NS30 fault, where hole NB-13-366 encountered 47.4m at 0.93 g/t gold.

The gold and tellurium mineralization encountered in hole NB-13-364 (22.9m at 1.0 g/t gold) and its relationship to the gold-tellurium mineralization found in hole NB-12-117 (15.3m at 2.4 g/t gold) has yet to be followed up as it is a strong indicator of high-grade mineralization. Finally, holes NB-13-258 (10.7m at 0.7 g/t gold) and NB-13-259 (38.1m at 0.5 g/t), which were drilled at the end of the 2013 drilling program, together with hole BGS-23 (20m at 0.6 g/t gold) and NB-11-97 (21.3m at 0.4 g/t gold) all indicate that multiple structures along the western edge of the Savage Valley Deposit are mineralized and represent a priority high-grade structural target for the second phase drilling program.