John Costigan Appointed President and Director of Electra Gold Ltd.

Vancouver, British Columbia - Electra Gold Ltd. (TSX Venture: ELT) ("Electra Gold") is pleased to announce the appointment of John Costigan as President and Director of the Company.

Mr. Costigan most recently held the position of Vice President of Corporate Development for Western Potash Corp. During his seven year period there Western Potash Corp raised over 140 million dollars and delivered a Final Feasibility Study for the construction of potash solution mine in Saskatchewan. He is the former Vice President of AKP Canada. John's background includes over 30 years' experience in corporate development, technical sales and marketing to the mining, food and pulp and paper industries. His responsibilities have also included the development and management of supply chains in Thailand, Brazil, Germany as well as North America. Graduating first in his class, John holds an honors degree from Concordia University in Montreal, Quebec.

Jo Shearer, President stated that "Mr. Costigan's experience in the capital markets and background in industrial minerals represent a positive step forward for Electra and its shareholders".

Mr. Costigan replaces Mr. Ron Savelieff who has resigned as Director to make room for the appointment. The Board wishes to thank Mr. Savelieff for his service to the Company.

About Electra Gold

Electra Gold Ltd. was incorporated in 1976 and has since September 2003 been in continuous production with a cement raw material operation on North Vancouver Island and operated the Aurora Gold Mine in Nevada in the 1990's. Electra also has a portfolio of promising gold properties in BC, Ontario and Quebec.

For further information on Electra Gold Ltd. please visit www.electragoldltd.com

Or contact: Jo Shearer, President Tel: 604-696-1022 Fax: 604-944-6102

On behalf of the Board of Directors,

"J.T. Shearer"

President and Director.

Forward Looking Statement

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. Forward –looking statements in this news release include a share consolidation, a proposed private placement and the assignment of debt. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update, or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties as it relates to Electra Gold Ltd., please refer to the Company's 2013 Annual Financials filed with SEDAR.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

For further information on Electra Gold Ltd. please visit www.electragoldltd.com

Or contact: Jo Shearer, President Tel: 604-696-1022 Fax: 604-944-6102