Independence Gold Corp. announced the commencement of a $1,800,000 diamond drilling program at its 100% owned 3Ts Project, located approximately 185 kilometres southwest of Prince George, British Columbia and situated 20 km southwest of New Gold's Blackwater Project. This program will consist of a minimum of 3,500 metres of diamond drilling in the Mint, Ted, Tommy and Larry Vein targets, and is a follow-up to the drill program carried out during October and November 2012 during which a mineralized quartz-carbonate vein was discovered in the gap between the Mint Vein and the Ted Vein. The best drill intercept from this newly-discovered vein averaged 6.08 grams per tonne (g/t) gold and 62.0 g/t silver across 10.0 m in hole TT12-71. The first drill holes of the 2013 drill program are designed to better-define the mineralized vein structure in this area. Additional drill holes are designed to test for mineralized extensions of the Ted, Tommy and Larry veins. Well-mineralized vein float boulders on the 3Ts property indicate there is excellent potential to discover new mineralized veins within the project area. These mineralized vein boulders (described in the Company's National Instrument (NI) 43-101 technical report filed on SEDAR December 23, 2011) include the Ringer Target, of which eight samples averaged 19.01 g/t gold and 140.1 g/t silver. A National Instrument 43-101 compliant inferred resource estimate has been calculated for the Tommy, Ted and Mint Veins. Using a 1 g/t gold cutoff grade, the total Inferred Resource for these three veins is 3,614,072 tonnes grading 3.39 g/t gold and 85.15 g/t silver for 394,383 contained ounces of gold and 9,894,835 contained ounces of silver. This inferred resource estimate does not incorporate results from the 2012 diamond drilling at the 3Ts. The 3Ts Project is comprised of thirteen mineral claims covering approximately 4,433 hectares in the Nechako Plateau region of central British Columbia. The 3Ts Project covers an epithermal quartz-carbonate vein system within which more than a dozen individual mineralized veins, ranging up to 900 m in strike length and up to 20 m in true width, have been identified.

Independence Gold Corp. reported assay results from a seventeen hole, 3,949 metre diamond drilling program completed during November 2012 on its 100% owned 3Ts Project. The 3Ts Project is located approximately 185 kilometres southwest of Prince George, British Columbia and situated 20 km southwest of the Blackwater Project of New Gold Inc. A mineralized quartz-carbonate vein was discovered between the Ted Vein and the Mint Vein. These veins are all a part of the same mineralized vein structure, which has a total strike length of more than 900 m. The best drill intercept from this newly-discovered vein structure averaged 6.08 grams per tonne ('g/t') gold and 62.0 g/t silver across 10.0 m including a 2.0 m intersection grading 28.50 g/t gold and 162.0 g/t silver. A mineralized quartz-carbonate vein was discovered in the gap between the Ted Vein and the Mint Vein, where discovery drill hole TT12-64 intersected a vein grading 0.47 g/t gold and 60.3 g/t silver across 12.7 m. A further seven holes were drilled in this area to test for the mineralized vein. The results of this drilling are listed below. The best intercept averaged 6.08 g/t gold and 62.0 g/t silver across 10.0 m in hole TT12-71; this intercept includes 2.0 m grading 28.50 g/t gold and 162.0 g/t silver. This discovery indicates that the Ted Vein and the Mint Vein are segments of the same mineralized vein structure, which has a total strike length of more than 900 m. This mineralized vein structure is open both at depth and along strike.

Independence Gold Corp. announced the discovery of 4.56 grams per tone (g/t) gold across 10 meters (m) in the first trench at the Denali Zone, on the YCS Property, Yukon. The YCS Property is located in the White Gold District, adjacent to the western boundary of Kaminak Gold's Coffee Property, which contains an inferred mineral resource of 3,236,000 ounces of gold. The YCS Property is approximately 35 km south of Kinross Gold's Golden Saddle deposit, and is approximately 60 km south of Comstock Metals' recently announced VG Zone discovery. Follow-up excavator trenching and prospecting were carried out at the Denali Zone, a 700 m long gold-in-soil anomaly announced by the company on September 25, 2012. Two trenches were completed. Trench 1 was 114 m in length, and Trench 2 was 100 m long. In addition, 25 select rock samples were collected during surface prospecting of the Denali Zone anomaly area. Trench 1 cut 10 m averaging 4.56 g/t gold from 0 m to 10 m, followed by 16 m averaging 0.022 g/t gold from 10 m to 26 m and finally 88 m averaging 0.002 g/t gold from 26 m to 114 m. Trench 2 cut 100 m averaging 0.010 g/t gold, from 0 to 100 m. Assay values for the 25 select rock samples range from below detection to 9.74 g/t gold. Five of the 25 select rock samples returned assay values of greater than 1 g/t gold. These five rocks assayed 9.74 g/t, 8.86 g/t, 7.88 g/t, 4.79 g/t and 1.08 g/t gold.