Schonberg Gold Project Drilling Update

Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources

20 November 2014

Noricum Gold Limited ('Noricum Gold' or 'the Company')

Drilling Update at Schonberg Project

Noricum Gold Limited, the Austrian focused gold exploration and development company, is pleased to announce that it has commenced drilling a second diamond drill hole, which is anticipated to reach a target depth of 200m at the Weissenbachgraben target, located at the 100% owned Schonberg Gold and Precious Metals Project (the 'Project').

Drilling has recommenced following the resolution of issues experienced to date at the Project and as a result this hole will be completed at no cost to the Company. The Project is located in an historic copper mining zone in south-central Austria and previous exploration has already identified up to eight veins along a 3 km strike, three of which were the focus of historic mining and are the focus of the current drilling campaign. In addition, having reopened the Brandegger-Stollen adit, the Company has identified at least two parallel zones and has already collected samples from this area of the Project.

Noricum Managing Director Greg Kuenzel said, "We are pleased to be making progress on the ground at Schonberg, having resolved a range of initial challenges, which has resulted in gaining a further drill hole at no further cost to the Company. As well as recommencing drilling, we have taken some initial samples from the reopened adit which will strengthen our understanding of this area within the tenure, and we look forward to providing updates and results from both of these ongoing initiatives at the prospective Schonberg Gold Project."

**ENDS**

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