Galane Gold Ltd. announced unaudited consolidated earnings and operating results for the first quarter ended March 31, 2013. For the quarter, the company reported net loss after tax of $4,186,104. For the quarter, the company produced 7,430 ounces of gold and sold 7,466 ounces of gold plus incidental silver at an average combined selling price of $1,630 per ounce. Total ore mined of 131,702 tonnes and total ore milled of 213,126 tonnes at an average head grade of 1.36 grams per tonne.

Galane Gold Ltd. reported operating and earnings results for the year ended December 31, 2012. Net earnings after tax were USD 17,411,071. Realized earnings per diluted share USD 0.34. The company reported operating results for the year ended December 31, 2012. The company produced 48,940 ounces of gold and sold 49,014 ounces of gold plus incidental silver at an average combined selling price of USD 1,671 per ounce. Total ore mined of 906,000 tonnes and total ore milled of 1,084,000 tonnes at an average head grade of 1.70 grams per tonne. Total operating cash cost of USD 1,027 per ounce (excluding royalties) The company provided operating guidance for second quarter and full year of 2013. Tholo Pit as the accelerated stripping program completes it is anticipated that Tholo in second quarter of 2013 will provide up to 50% of the ore to the processing plant. As the grade is higher than other sources available to the company it will have the effect of averaging up the head grade at the processing plant. For the full year, mining is expected to cease at the end of 2013 but due to the volumes of ore it is expected that some will be stockpiled and used in 2014. Golden Eagle is anticipated that as Golden Eagle is mined the grade will increase with depth. The company expected to increase the tonnage throughput capacity of the plant from a nominal 140 tonnes per hour to 160 tonnes per hour (depending on ore type and grinding index) by the addition of a secondary crushing unit. The exploration program for 2013 is focused on extending the mine life by defining depth extensions for potential underground mining of both operating and previously mined open pits, and following up on targets identified by the 2012 work.

Galane Gold Ltd. announced the results of the 2013 mineral resource update at the Company's Mupane Property, located on the Tati greenstone belt in North Eastern Botswana. The total measured and indicated mineral resource is 508,400 ounces of gold and the total inferred mineral resource is 261,100 ounces of gold. The measured and indicated gold resource at the Mupane Property, excluding the Mupane Slimes Dump (described below), has increased by 17,600 ounces of gold compared to the figures presented in the 2011 Technical Report, despite two years of depletion through mining activities. The Company has also declared, for the first time, a measured mineral resource of 91,800 ounces of gold at the Mupane Slimes Dump, which is located next to the Mupane plant and is currently the company's operating slimes dump. Resource tonnages and gold grades were reported at a 0.5 g/t Au cut-off grade. Resources from contiguous portions of the mineralisation outside of the optimized pit shell, and potentially amenable to underground mining methods, were reported at a cut-off grade of 0.8 g/t Au. A cutoff grade of 0.3g/t Au was used for the slimes dump due to the possible need for a different processing method. Quality control checks were undertaken on the sampling and analytical procedures and on the assay results. Assay data from each grade shell was evaluated and appropriately capped for the purpose of this estimation. Variogram models were created for all of the grade shell solids. Block models were created for each of the grade shells and the reported resources are constrained by an optimized Whittle shell. All resources were modelled using a 0.5 g/t Au grade cutoff for each mineralised zone, except Tau where a 0.8 g/t Au grade shell was used. A gold price of USD 1,700 was used.