Viking Gold Exploration Inc. announced that it has entered into a non-binding letter of intent to acquire Trilogy Mining Corporation a Canadian mining exploration company active in Uruguay. Trilogy owns the 'Ecovent Projects', a property totaling over 30,000 hectares in the Florida Greenstone Belt in southwestern Uruguay. Trilogy also holds a 51% interest in an adjacent property with the right to increase its ownership to 80% by investing $350,000 on the property prior to September 30, 2015.

This property is identified by Trilogy as the 'Chamizo Project' and covers an area of approximately 7,000 hectares. Two other permits, Rincon and El Cuervo, are to be granted by the authorities and added to the portfolio of the company. The Chamizo property contains many targets, of which two, Zones 13 and 14 exhibit potential ore grade gold occurrences demonstrated by limited reverse circulation and diamond drilling carried out by previous operators.

In addition, a new high-grade gold bearing vein set has been discovered at Esperanza. At Zone 13, gold mineralization has been identified by RC drilling over a strike length of 300 meters with the easternmost hole returning 2.78 g/t Au over 8 meters starting at surface in a sericite schist with pyrite. The Zone 14 was drilled for high-grade quartz veins with the best intersection returning 9 meters at 4.5 g/t Au.

None of this earlier drilling is NI 43-101 compliant. Esperanza is characterized by three occurrences of a 3 to 4 meter wide quartz vein recognized over 1,200 meters along an East- West magnetic lineament. Chip samples of the three occurrences have returned 25.9 g/t Au (Esperanza West), 8.7 g/t Au (Esperanza Center) and 33.2 g/t Au (Esperanza East).