The Directors of Minera Gold Ltd. announced the results of the ground magnetic geophysical studies conducted at Tumi disseminated gold and copper project, in southern Peru. The magnetic survey results are a follow up to the maiden trenching, sampling and drilling exploration results contained in ASX release dated 19 July 2013. The work conducted at the end of the December 2013 and in early January 2014 confirmed the presence of extensive mineralization at the main Tumi breccia target in the known outcrops and also identified a separate large anomaly immediately to the north of the Tumi breccia.

The main Tumi breccia, being the initial priority target, clearly appears as a magnetic low feature in the data products and the model results, suggesting magnetite destruction/depletion in the mineralised breccia. Importantly, the geophysics has proven the that two larger breccia outcrops within the 400m x 400m breccia target area are connected, and measure 200m x 250m on surface and approximately 400m deep. Further work is required to confirm that all four known breccia outcrops located within the target area are connected as one system.

It should also be noted also the absence of high susceptibilities in the 3D model below the Tumi breccia indicates that there is potential for the breccia to continue to extend at depth. The most prominent magnetic feature detected during the survey is a separate magnetic high anomaly interpreted to be caused by intrusive rocks to the immediate north of the Tumi breccia. The causative magnetic body is a new anomaly measuring approximately 600m x 800m in size.

The preliminary interpretation considers this feature to be associated with the main Tumi breccia. A further material implication of this geophysical study is that the hydrothermal system, due to its intrusive phase, is much wider than previously thought based upon the scarcity of previously known outcrops. Four new outcrop areas have now been identified and are currently being sampled to confirm the potential limits of the mineralised system.

In particular, field work carried out over the weekend on one newly identified breccia located in the middle of the magnetic high anomaly that contains visible copper oxides and quartz veinlets and geologically has very close similarities to the main Tumi breccia target. This new target is currently being sampled with samples to be sent for assaying in the coming weeks.