Antilles Gold Limited advised that it has received, and reported in the attached Data, all results from its recent 1800m drilling program at El Pilar in central Cuba advised that it has received, and reported in the attached Data, all results from its recent 1800m drilling program at El Pilar in central Cuba which was aimed primarily at validating 28,000m of historic drilling on the outcropping gold-copper oxide deposit. The very encouraging results justify proceeding with a 10,000m cored drilling program to establish the deposit's JORC Resources. In addition to the outstanding intercepts highlighted below for both gold and copper in the 65m to 75m deep oxide deposit, one of the drillholes (PDH 004A) penetrated 134m from below the upper gold domain through the lower copper domain, and into an underlying sulphide zone with an average grade over this length of 1.23% Cu, and was open at depth.

The Company's Exploration Director has advised that this hole's intersection of the sulphide mineralisation indicates a porphyry system that is the source of all metals in the overlying oxide deposit, and has the potential for discovery of a major copper- gold deposit. The assays are considered to be preliminary as they were undertaken at the Cuban Government's LACEMI (Laboratorio Central de Minerales) laboratory in Havana which though capable and with modern equipment, is not certified. All assays will be repAntilles Gold Limited advised that it has received, and reported in the attached Data, all results from its recent 1800m drilling program at El Pilar in central Cuba licated at SGS's laboratory in Canada within the next four to six weeks.

Some of the assays have been previously advised to ASX ­ refer website www.antillesgold.net. Sampling Techniques and Data are set out in the JORC Code 2012 Edition Template attached. The Company has engaged an experienced drilling contractor to undertake the 700m cored holes into the sulphide deposit after results from ground magnetics, and IP surveys allow hole locations to be determined.

The contractor will then complete the oxide drilling. In order to progress the possible development of a low cap-ex mine on the El Pilar oxide deposit;The Government is currently excising an area nominated by Antilles Gold from the 18,000ha El Pilar concession held within the Company's Exploration Agreement with GeoMinera to create a new concession for oxide ore, with mining to be restricted to a depth of 100m. The Government will then propose a value for the new concession as a basis for negotiations with Antilles Gold to determine the amount the Company will contribute for pre-development activities to earn 49% ownership of the concession.

The earn-in amount is expected to be relatively low as the concession's market value will only emerge when JORC Resources and a Scoping Study have been completed for the deposit in approximately 9 months. Antilles Gold has requested that the new oxide concession be transferred to the existing joint venture company, Minera La Victoria SA ("MLV") for development. This will obviate the requirement for a new joint venture to be negotiated, which would otherwise be time-consuming.

The gold and copper concentrates to be produced from the oxide deposit are expected to have low levels of contaminants, and will be sold into a market with strong demand for such products. Early discussions with international concentrate traders have indicated that buyers will support project financing.