MED Medgold Resources Corp

Medgold Resources Corp. (TSX VENTURE:MED), the European focused gold exploration
company, is pleased to provide an exploration update on current exploration work
its high-priority Lagares, Vila de Rei and Ponte da Barca exploration projects
in Portugal. 


Medgold acquired Klondike Gold's Portuguese project portfolio in December 2013
(see news release dated December 11, 2013) and is now exploring all concessions
covering over 1,000 square km in Portugal. The Company is completing a major
reinterpretation of historical results and the early geological observations
from this work have identified several key prospects where field work is now
on-going. 


Vila de Rei Gold Project

A stream sediment survey has been completed at the Vila de Rei gold project in
central Portugal, covering the entire 300 sq km licence area. The results of
this program are pending. Reconnaissance field work has identified a number of
new zones of intense mineralization generally located along the contact between
quartzites and siltstones. 


The style of mineralization seems to be broadly analogous to that seen at the
Pampilhal occurrence, located in the northeast area of the licence, where
mapping and rock-chip sampling has identified a series of silicified ribs or
ridges. Sampling at Pampilhal yielded assay results ranging from trace to 12.45
g/t Au. Detailed mapping and channel-chip sampling is underway with results
expected in late Q2 2014.


Lagares Gold Project

The Lagares gold project is located on the central-eastern part of the Valongo
Belt close to the town of Sobreira. Gold mineralization occurs along a
granite-schist contact and was locally exploited in a series of underground
adits. Medgold's work is focused on understanding the controls on gold
mineralization, particularly the high-grade mineralization at the Serra da
Quinta occurrence, as observed in historic drill core and the underground
workings. The aim is to also delineate surface gold anomalism which is believed
to continue for a further 1.5 kilometers to the south of the underground
workings. The controlling structure appears to mark a granite-schist contact and
is considered to be the main 'feeder' structure. It has been traced over a total
strike length of 3 kilometers and remains open to both the south and the north. 


Historical drilling at Serra da Quinta by Billiton and Connary Minerals yielded
the following highlights:




--  13.1 m at 3.84 g/t Au from 1.0 m, including 2.9 m at 13.15 g/t Au from
    4.36 m (BIL67, Billiton Portuguesa, 1990) 
--  18.6 m at 3.73 g/t Au from 4.2 m (MIL29, Billiton Portuguesa, 1988) 
--  11.3 m at 3.75 g/t Au from 11.4 m (95-13, Connary Minerals, 1995)



Historical reports indicate a total of approximately 1,600 meters of diamond
drilling was completed in 51 holes at Serra do Quinta. These are historical data
provided for information purposes and Medgold has not completed sufficient work
to verify these results.


Future work at Serra da Quinta will continue the detailed mapping and
interpretation, combined with surface and underground channel sampling, plus
some re-sampling of the historical drill core. Assuming positive results a
trench-sampling program will be conducted, with up to 10 lines 100 m apart along
the strike length of the prospect. It is anticipated that this work will define
clear drill targets. In addition, regional reconnaissance work will continue to
the north and south along the main north-south oriented 'feeder' structure. 


Ponte da Barca Gold Project

The Ponte da Barca gold project is located in the very north of Portugal, close
to the Spanish border. Klondike completed some limited rock-chip sampling, with
15 samples collected, yielding results from trace to 14.8, 12.9 and 12.0 g/t Au.
(These results have not been independently verified by Medgold and are quoted
for illustration purposes.)


Medgold has identified gold-bearing veins that are interpreted to strike for
lengths of greater than 100 meters. Work is underway to sample both the veins
and an extensive alteration halo around the veins, with channel-chip and
grid-soil sampling. Results are expected in early Q3 2014.


Qualified Person 

Mr. David Clark, P.Geo., Consulting Geologist to the Company, is a Qualified
Person as defined by National Instrument 43-101 - Standards of Disclosure for
Mineral Projects. Mr. Clark has reviewed and approved disclosure of the
technical information contained in this news release. 


About Medgold

Medgold is aiming to become the leading Mediterranean-focused gold exploration
and project development company, with an extensive portfolio and pipeline of
projects in Portugal and Spain, targeting economically stressed, but politically
stable European countries that are seeking foreign investment to invigorate the
mining sector.


Additional information on Medgold can be found on the Company's website at
www.Medgoldresources.com and by reviewing the Company's page on SEDAR at
www.sedar.com.


ON BEHALF OF THE BOARD

Daniel P. James, President & Director 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-looking statements

This press release may contain forward-looking statements including, but not
limited to, comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, and other related matters. Forward-looking statements
address future events and conditions and therefore involve inherent risks and
uncertainties. Medgold's projects in Europe are at an early stage and all
estimates and projections are based on limited, and possibly incomplete, data.
More work is required before the mineralization and the projects' economic
aspects can be confidently modelled. Actual results may differ materially from
those currently anticipated in this news release. No representation or
prediction is intended as to the results of future work, nor can there be any
promise that the estimates and projections herein will be sustained in future
work or that the projects will otherwise prove to be economic.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
Ralph Rushton (Vancouver)
+1 604-630-5544
ralphr@goldgroup.com


Medgold Resources Corp.
President
Dan James (UK and Portugal)
+44 7972 579188 / +351 912 732334
dj@medgoldresources.com
www.Medgoldresources.com

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