Lupaka Gold Corp. announced that the company's shareholders elected Mr. Hernan Barreto, Mr. Jaime Pinto, and Mr. Luquman Shaheen as new directors to the board of directors at its 2013 annual general meeting of shareholders held in Vancouver on May 16, 2013. Mr. Hernan Barreto has been Executive Chairman of Consorcio Peruano de Minerales, S.A. since October 2007. Mr. Barreto is presently a director and Secretary of the Institute of Mining Engineers of Peru (IIMP) since March 2012. Mr. Jaime Pinto has been practicing law since 1982 and has been the principal partner of Pinto & Abogados Law Firm in Lima, Peru since October 2010. Mr. Luquman Shaheen has been President, CEO and director of Panoro Minerals Ltd.

Lupaka Gold Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported operating loss of $2,531,000 compared to $1,433,000 a year ago. Loss for the period was $3,480,000 or $0.04 per basic and diluted share compared to $1,466,000 or $0.03 per basic and diluted share a year ago. Cash used in operating activities was $1,936,000 compared to $1,260,000 a year ago.

Lupaka Gold Corp. (TSX:LPK) is looking for acquisition opportunities. Lupaka’s primary priorities are to continue its mineral exploration and development activities on the Crucero Gold Project, to review potential options regarding the Invicta Gold Project, and to maximize the potential return on its investment in Southern Legacy Minerals. Lupaka will also remain vigilant towards the potential acquisition of interests in other mineral resource properties in Peru that are assessed to be of merit.