MED Medgold Resources Corp

Medgold Resources Corp. (TSX VENTURE:MED), the European-focused gold exploration
company, is pleased to announce new high-grade gold results for its Lagares Gold
Project in Portugal. New reconnaissance sampling, located 1 km north of the
Castromil prospect, has yielded results from 0.016 g/t Au to 15.90 g/t Au.


Seven rock-chip and rock-float samples were collected over a total strike length
of 200 m in an area of poor exposure, from altered granites and vein material
similar to the mineralization and alteration style observed in the two prospects
of Castromil and Serra da Quinta. The samples are located approximately 1 km
north of the northern-most point of the Castromil prospect, slightly offset from
the main northwest-trending fault. The mineralization is orientated broadly
northwest, implying either a lateral stepping of the mineralization, or, more
likely, a second and parallel structure. Grades included a high of 15.90 g/t Au,
plus four samples assaying between 1.61 g/t Au and 1.03 g/t Au, with lows of
0.01 and 0.02 g/t Au.


Dan James, the President of Medgold, said, "Our work at Lagares is really
gathering momentum. Our field crews are focused exclusively on this project and
we're close to completing a full re-log and re-map of the two key prospects:
Castromil and Serra da Quinta. We're also working hard to identify the broader
controls on mineralization and put the historical prospect-scale exploration
into a district-scale play. Our recent results highlight the wider-potential of
the area, not only extending strike, but also identifying possible repeats of
the main mineral trend. Furthermore, these results build on those reported in
June 2014 which began to define a 4 km strike-length trend of mineralization.
The current sample results are located in the northern extent of this trend and
we are still actively exploring the southern extension."


Lagares Gold Project

The Lagares gold project is located in the central-eastern part of the Valongo
Belt close to the town of Sobreira. The main geological control on
mineralization in the area is an intrusive contact between a package of
meta-sediments and granites which has subsequently been faulted. The controlling
fault, called the Railway Fault, is mineralized over a semi-continuous strike
length of 4 km. The fault cuts through the three main prospects on the project
which are, from north to south, Castromil, Serra da Quinta and San Domingos.


To date, Medgold's sampling and reconnaissance work has largely focused on the
Serra da Quinta area, as this prospect is relatively under-explored, but is
believed to host significant strike-extensive and high-grade mineralization.
Underground sampling at Serra da Quinta yielded a channel result of 4.60 m @
36.17 g/t Au from three contiguous samples, individually yielding 44.90, 10.10
and 54.60 g/t Au, and is considered to represent a true thickness of the
mineralized zone (see Medgold news release of June 3rd, 2014). The sampling was
from a zone of intense alteration associated with the Railway Fault.


In the coming months exploration efforts at the Lagares project will continue,
completing the re-logging and re-mapping program, which is expected to generate
a heavily revised geological model. Multiple new features have been identified
which both control the mineralization and add significant exploration upside.
Future work will focus on an intensive trenching program, over both prospects,
along the northwest-striking mineralized corridor. This program will be in
conjunction with a systematic re-sampling of the historical drill core combined
with intensive channel-chip sampling of the underground workings. This work will
be completed in the fall of 2014.


Website Re-launch

Medgold is also pleased to announce the launch of a new updated company website at:

www.medgoldresources.com

which contains full descriptions of all of the Company's key projects, its
corporate structure and its management team.


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 the disclosure of the
technical information contained in this news release.


QA/QC

Samples were prepared and analysed for gold by fire assay with atomic adsorption
finish by ACME Laboratories in Poland at the Krakow laboratory. Multi-elements
were analyzed by inductively coupled plasma mass spectrometer (ICP-MS) and
inductively coupled plasma emission spectrometer (ICP-AES) on a sample split
sent to the ACME Laboratories facility in Vancouver, Canada. Blank, certified
standard reference materials, and field and laboratory duplicates were routinely
inserted for quality assurance and quality control.


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: 
Medgold Resources Corp.
Ralph Rushton (Vancouver)
Investor Relations
+1 604-630-5544
ralphr@goldgroup.com


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

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