APC Advanced Proteome Therapeutics Corporation

COASTAL GOLD CORP. (TSX VENTURE:COD)(FRANKFURT:CY41) (the "Company") has
completed the sale of its wholly-owned subsidiary, Castillian Metais Ltda.
("CML"), to Falcon Metais Ltda. ("Falcon Metais"). CML holds a 100% interest in
the Mangabal nickel-copper project in Goias State, Brazil (the "Mangabal
Project"). 


In consideration for the shares of CML, Falcon Metais has agreed to assume all
liabilities and obligations of CML, including those relating to the Mangabal
Project, from and after the closing of the sale. 


In connection with the sale, the Company has also issued to Amazon Potash Corp.
("APC"), the parent company of Falcon Metais, 3,117,040 common shares of the
Company at a deemed price of Cdn$0.05 per share in repayment of R$111,900 that
Falcon Metais paid on behalf of the Company to the Departamento Nacional de
Producao Mineral ("DNPM") and an additional R$219,700 that Falcon Metais has
agreed to pay on behalf of the Company to DNPM in settlement of liabilities
relating to the Mangabal Project (the "Shares for Debt Settlement"). On March 3,
2014, the date on which the Company entered into the Agreement, one Brazilian
Real was worth 0.47 Canadian Dollars. The shares issued to APC are subject to a
four month hold period under the policies of the TSX Venture Exchange expiring
on August 29, 2014. 


The Company also announces that Mr. Mike Hoffman and Mr. David Warner have
resigned from the Company's board of directors to pursue other professional
interests. The Company thanks Mr. Hoffman and Mr. Warner for their valuable
contributions to the Company over the years and wishes them well in their future
endeavors. 


ABOUT COASTAL GOLD 

Coastal Gold is a Canadian mineral exploration company listed on the TSX Venture
Exchange under the symbol "COD". Coastal Gold's flag ship property is the Hope
Brook Gold Project located in southwestern Newfoundland, which has 19.9 million
tonnes at 1.93 g Au/t for 1,239,000 ounces of indicated mineral resources and
1.3 million tonnes at 3.22 g Au/t for 138,000 ounces of inferred mineral
resources. In addition, there are inferred mineral resources in the tailings of
4.9 million tonnes at 0.85 g Au/t and 0.09% copper containing 134,500 ounces of
gold and 9.5 million pounds of copper. For details regarding the mineral
resources, see the technical report entitled "2013 Mineral Resource Estimate
Technical Report, Hope Brook Gold Project, Newfoundland and Labrador, Canada"
effective as of December 4, 2013, which is available under the Company's profile
on SEDAR at www.sedar.com. 


QUALIFIED PERSON

Dr. Bill Pearson, P.Geo., President & CEO of Coastal Gold and a Qualified Person
as defined by NI 43-101, has reviewed and approved the scientific and technical
content of this news release. 


Cautionary Note Regarding Forward-looking Information 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements regarding the estimation of mineral
resources. Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does not expect",
"is expected", "budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity,
performance or achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including but not
limited to: general business, economic, competitive, political and social
uncertainties; the actual results of current exploration activities; future
prices of mineral prices; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes and shortages and other risks of the
mining industry. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
information. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coastal Gold Corp.
Rob Hopkins
Manager, Investor Relations
416-861-5899
info@coastalgold.ca


Coastal Gold Corp.
Bill Pearson
President & CEO
416-861-2968
president@coastalgold.ca
www.coastalgold.ca

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