Altair Gold Inc. reported the results of an updated resource estimate for the Kena gold project near the town of Nelson in southeastern British Columbia. This updated 2013 mineral resource estimate was derived from the incorporation of the 2012 drilling results which successfully expanded the volume and continuity of the mineralized zones used in the 2012 resource estimate. The new resource estimate includes a total of 25,280,000 tonnes at 0.60g/t gold in the Measured + Indicated (M&I) Resource categories, comprising 490,000 contained ounces of gold, while the Inferred Mineral Resource comprises 90,440,000 tonnes at 0.48g/t gold, for 1,399,000 contained ounces of gold. These figures were estimated using a 0.30g/t gold cut-off. The 2012 diamond drilling program was designed to infill the gold bearing trend along strike and to depth and to step out from the existing mineralised zones, and comprised 7,527 metres in 41 drill holes. To this point most drilling, and hence the resource estimate, is based upon the Gold Mountain Zone (GMZ), the Kena Gold Zone (KGZ), and the High Grade Zone (HGZ). The 173% increase in the Inferred estimate is due to the extension of the mineralized Kena zone to the northwest by the results of the 2012 drilling. This extension has resulted in the interpreted connection of the KGZ and GMZ to collectively form what is referred to as the KGM Zone in the new geologic model. The previous 2012 total M&I resources for the KGZ and GMZ comprised 549,000 contained ounces of gold, while total Inferred resources comprised 513,000 ounces. The current increase in the inferred gold resource reflects the potential for the host to be a larger and more continuous structure than what had previously been recognized. Following completion of the 2012 drilling program, all drill holes were entered into the Kena Project database. With the new information, Altair's consultants designed a new geologic model for the resource. Gary Giroux, P.Eng, MASc, was then contracted to prepare a new resource estimate for the property. This resource updates previous estimates completed in May 2004 and reported in Giroux and Dandy, 2004, and the resource estimate in May 2012 and reported in Giroux and Grunenberg 2012.

Sultan Minerals Inc. announced that Sultan's Joint Venture Partner, Altair Gold Inc. has released final results of the 2012 drilling program at its Kena Property, located in southeastern British Columbia. The two phase diamond drilling program comprised 7,527 metres in 41 drill holes. Results of the program have successfully expanded the original Kena Gold Zone (KGZ) and better defined the Gold Mountain Zone (GMZ). Drilling focused on the Kena Gold Zone, the Gold Mountain Zone, the High Grade Corridor (HGC) and other property scale targets. In all, the 2012 drilling spanned a north-northwest length of 3.68 kilometres. Drill hole spacing ranged from 35 to 100 metres in and around the aforementioned zones and 250 metres and more in areas of little or no previous drilling.

Altair Gold Inc. announced that it has completed Phase 2 drilling at its Kena Property, located in southeastern British Columbia. The Company drilled an additional 3,871 meters during this Phase, bringing the total drilling completed in 2012 to 7,527 meters and 41 drill holes. The drilling focused on the Kena Gold Zone, the Gold Mountain Zone and an area referred to as the High Grade Corridor. Overall, the Phase 1 and 2 drill programs extended over a length of 2.95 kilometres within the 17.6 kilometre long property. The Kena Gold Zone was further drill tested in Phase 2 with nine drill holes. These were directed at the "down-dip" projection of the zone as well as the northerly and southerly projection. The Gold Mountain Zone was tested by four additional holes. Phase 2 drilling phase was concluded by two holes several hundred metres north-northwest of the Gold Mountain Zone where very few holes have ever been drilled. The High Grade Corridor contains rock and drill core samples that historically returned extremely high gold values over widths of one or more metres. For example in drill hole 01GM-03, a 1.23 metre interval assayed 240.07g/t gold in the intrusive rock and in hole 01GM-08, a two metre interval assayed 172.10g/t gold in volcanic rock. These high-grade intercepts often contain visible gold. Six drill holes tested the HGC in Phase 2. Altair plans to continue investigation of the High Grade Corridor to establish continuity of the zone. This gold mineralization could be contained within late stage structures that may have different orientations from the north-northwesterly regional trend. Computer modeling will assist in directing further drilling of these bonanza shoots. Logging and sampling of the Phase 2 drill cores will be completed by mid-December. Assay results from this program will be released once completed in early 2013.