Northern Lion Gold Corp. announced the results from the recently completed diamond drill program with the Company's joint venture partner, Centerra Gold (KB) Inc. These results include the discovery of new Volcanogenic Hosted Massive Sulphide (VHMS) related mineralization in the Mavroyi area located in the Paphos District of western Cyprus. Based on these positive results, the company also announces that Centerra will continue to fund exploration work, with a surface exploration program planned to commence during the first quarter of 2014.

In late 2013, a nine hole 1,459 metre diamond drill program was conducted in two areas across the Republic of Cyprus. Three holes were completed at the Pano Lefkara permit located in the Larnaca District of central Cyprus and six holes were drilled in the Paphos District of western Cyprus. Hole targeting was primarily based on resistivity anomalies identified from an audio magnetotelurics survey that was completed in 2013.

Drill widths presented above are drill intersection widths and may not represent the true widths of mineralization. At the Mavroyi permits, the drill program discovered a mineralized debris flow of transported VHMS-related material in drill holes MVDD13-01, MVDD13-02, and MVDD13-03, across a distance of 240 metres. The drill intercepts of the debris flow varied in thickness from 6.0 to 14.1 metres, with true thickness estimated to range from 4.5 to 13.0 metres.

The zone consists of sulfide and sulfidic, silicified volcanic fragments in a matrix of fine, strongly clay altered material, occurring as a discrete bed within a sequence of volcanic flows and volcaniclastics. It is believed that the sulfide debris flow is derived from a sea floor black smoker mound. Black smokers usually form topographic highs, from which debris avalanches commonly occur.

Analytical results from hole MVDD13-02 averaged 2.12g/t gold, 16.91g/t silver, 0.54% copper, and 3.25% zinc over 14.05 metres. This interval also includes 0.8 metres of 3.61% lead. Three other drill holes in the Paphos District; KNDD13-01, FLDD13-02, and MVDD13-04, targeted other resistivity anomalies derived from the 2013 audio magnetotellurics survey, but did not encounter significant mineralization.

The Mavroyi permits are located in the Paphos District of western Cyprus on the southwestern side of the Troodos Massif. The company has recognized this area as an underexplored segment of the VHMS prospective stratigraphy of Cyprus and as a result, the Company has conducted mapping, prospecting, geochemical sampling and airborne geophysics prior to the 2013 program. Four past producing mines, located 10 kilometres to the northwest of Mavroyi, occur within this prospective trend.

The Limni Mine was large of these, produced over 8 million tonnes of ore with an average grade of 1.11% copper. At the Pano Lefkara permit, the 2013 diamond drill program targeted mineralization that was discovered in the Company's 2012 rotary drill program. The 2013 drilling indicates that the mineralization consists of brecciated lavas with sulfides occurring as matrix and stockworks.

Hole PLDD13-02 returned an interval of 29.5 metres averaging 0.61g/t gold, 3.59g/t silver, 0.15% copper and 1.45% zinc. The Company and Centerra have agreed that further work is warranted at Pano Lefkara, which will be included in the upcoming exploration program. A surface exploration program is currently in the planning stages with Centerra, and is expected to commence in the first quarter of 2014. Centerra will provide the funding for this work, which is expected to consist of detailed geological mapping and ground geophysics.

This will include extensive work at the Mavroyi permits with the intention to locate drill targets for the VHMS sulfide mound from which the newly discovered mineralized debris flow was derived.