GFK

Adventure Gold Inc. (TSX VENTURE:AGE) (the "Company") announces that it has
entered into an option agreement (the "Agreement") with GFK Resources Inc.
("GFK"), a Nova Scotia-based mining exploration company listed on the TSX
Venture Exchange (the "Exchange") under the trading symbol "GFK". Under the
terms of the Agreement, GFK has acquired an exclusive option to earn between 51%
and 100% interest in 446 claims covering an area of 22,189 hectares or 222 km2
known as AGE's Casa-Cameron project (the "Project") for exploration expenditures
and payments totalling up to $12,740,000. Firm commitment includes a minimum of
$1,500,000 in exploration expenditures, $250,000 in cash and 2,000,000 shares of
GFK issued to AGE. The Project includes nine (9) properties strategically
located along the prolific Casa-Berardi/Cameron Gold Trend, in the Abitibi
Greenstone Belt, Quebec. 


"Adventure Gold is very pleased to start a new partnership with GFK Resources to
explore and develop the Casa-Cameron properties. We have already identified
quality drilling targets on all the properties and we are very excited to start
an initial 3,000-metre drilling program scheduled for early 2014. The option of
this project is part of Adventure Gold's continued strategy to share the risk
related to mining exploration on certain assets. The Company still own 100% of
the rights in the Detour Quebec and Val-d'Or East flagship projects and intends
to resume the exploration work on both projects in 2014" stated Mr. Marco
Gagnon, President and CEO of Adventure Gold.


The Agreement 

Under the terms of the Agreement, GFK has the option (the "First Option") to
acquire an initial 51% undivided interest in the Project on the following terms
and conditions: 




--  following the receipt of the required regulatory approvals, paying to
    Adventure Gold $250,000 and issuing to Adventure Gold 2,000,000 common
    shares of GFK; 
    
--  sole funding not less than $1,500,000 in exploration expenditures by no
    later than December 31, 2014 or alternatively, not less than $2,000,000
    in exploration expenditures by no later than August 31, 2015 (the "Phase
    1 Expenditures); 
    
--  following the completion of the Phase 1 Expenditures, paying to
    Adventure Gold an additional amount of $1,250,000 in cash or, at the
    election of GFK, in common shares of GFK, subject to a minimum cash
    payment to Adventure Gold of $250,000; and 
    
--  sole funding, by no later than August 31, 2018, an additional amount of
    not less than $3,500,000 in exploration expenditures if the Phase 1
    Expenditures were equal to $1,500,000 or alternatively, $3,000,000 in
    exploration expenditures if the Phase 1 Expenditures were equal to
    $2,000,000 (the "Phase 2 Expenditures"); 
    



Following the completion of the First Option, GFK shall have an additional
option (the "Second Option") to acquire Adventure Gold's remaining 49% interest
in the Project, thereby acquiring a 100% interest in the Project. The Second
Option is conditional upon GFK:




--  paying to Adventure Gold $5,500,000 in cash or, at the election of GFK,
    in common shares of GFK, subject to a minimum cash payment to Adventure
    Gold of $500,000 (the "Second Option Payment"); and 
    
--  granting Adventure Gold a production royalty on the Project equal to 2%
    of the net smelter returns (2% NSR), half (1% NSR) of which can be
    bought back at any time by GFK, at its sole discretion, for an amount of
    $1,000,000. 
    



The Agreement contemplates that not more than 35,000,000 common shares of GFK,
as its share capital is presently constituted, may be issued to Adventure Gold
for the various option payments to be made to Adventure Gold under the First and
Second Option. All issuances of common shares to Adventure Gold under the
various option payments shall be subject to prior approvals from the Exchange.
Furthermore, the Phase 1 Expenditures are a firm commitment of GFK. 


Adventure Gold will act as operator for the First Option and will receive an
operator's fee equal to 10% of exploration expenditures funded by GFK. The
conduct of exploration programs on the Project during the First Option will be
governed by a technical committee which shall meet quarterly and be comprised of
2 representatives of GFK and 2 representatives of Adventure Gold. A
representative of GFK shall act as chairman of the technical committee and shall
have a casting vote on all decisions of the committee. 


The closing of the transaction is subject to numerous conditions customary to
this type of transaction, including the delivery of the required closing
documents and the receipt of the required corporate and regulatory approvals.
Given that Mr. Marco Gagnon, President of Adventure Gold, is also a director of
GFK, the Agreement constitutes a "Non Arm's Length Party" transaction within the
meaning of the policies of the Exchange. As such, GFK will be required to
solicit the approval of its shareholders which it intends to do by way of
written consent as permitted by the policies of the Exchange.


The Casa-Cameron Project 

The Casa Cameron Project includes nine (9) gold properties: (1) Casagosic, (2)
KLM, (3) Vezza North, (4) Vezza Extension, (5) Bell-Vezza, (6) Sinclair-Bruneau,
(7) Florence, (8) Cere-113 and (9) Bachelor Extension (Figure 1). The Properties
totaling 446 claims are 100% owned by Adventure Gold, however 74 claims on the
Sinclair Bruneau property are subject to a 2% NSR royalty and 43 claims of
Florence are subject to a 1% NSR royalty in favour of third parties. The
properties are located north of La Sarre, Amos and Lebel-sur-Quevillon, in the
northwest region of the province of Quebec and they are accessible all season by
paved and gravel roads. 


The properties straddles segment of the major Casa-Berardi/Cameron gold break
between the Casa-Berardi Gold Mine (proven and probable reserves of 9 Mt at 5.5
g/t Au for 1.5M ounces, measured and indicated resources of 12.2 Mt at 4.1 g/t
Au for 1.5M ounces and inferred resources of 5.3Mt at 3.8 g/t Au for 572,500
ounces - Hecla Mining (formerly Aurizon Mines), press release, February 14,
2013) and the Bachelor Gold Mine (also currently in operation by Metanor
Resources with proven and probable reserves of 843,800 t at 7.4 g/t Au for
200,200 ounces and inferred resources of 426,100 t at 6.5 g/t Au for 89,400
ounces - Metanor Resources, NI 43-101, April 26, 2011). All the properties
contain already identified gold-bearing zones and most of them are also
strategically located adjacent and in strike to significant gold mines or
deposits (see Figures 1 to 9 available on the Company's website). 


Very few modern exploration works were completed on the properties from the
1990's to 2008, when Adventure Gold started to acquire the properties. Gold
exploration work conducted by Adventure Gold since then returned very
encouraging results and many valuable drill targets were outlined (see the
Company's press release dated June 11, 2013 and the technical report (the
"Report"") which will be filed by GFK on SEDAR in connection with the
transaction and prepared in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101")). As described in the
Report, the geological setting of the Casa-Cameron properties appears very
favorable for the identification of new high-grade gold-bearing structures or
bulk-style deposits. Past exploration work did not entirely test the numerous
gold occurrences and many positive historical drilling intersections need
follow-up drilling. In addition, new geophysical surveys outlined also quality
drilling targets. The authors of the Report recommend significant exploration
work including a drilling program totalling 21,000 m including 8,000 m in a
first phase (see the Report available on the Company's website).


Mr. Jules Riopel, Vice-President Exploration and Acquisitions of Adventure Gold,
is acting as qualified person (as defined by NI 43-101) and has reviewed and
approved the scientific and technical information in this press release.


Profile

Adventure Gold Inc. is a mineral exploration company focused on discovering and
developing high-quality gold deposits in the Abitibi region located in eastern
Canada - one of the richest gold mining areas in the world. Adventure Gold has
become, in a few years, an important player in the mineral exploration industry
with one of the best portfolios of exploration properties along the main
gold-bearing structures of the Abitibi Greenstone Belt. The Company is exploring
mainly close to gold mines where mining production infrastructure is already in
place, which distinguishes it from several other exploration companies.
Adventure Gold's exploration team consists of mining professionals having worked
previously for well-established producing companies, who understand industry
challenges. The Company owns 100% of the rights on its three main projects
namely: Val-d'Or East, Detour Quebec, and Casa-Cameron. The Val-d'Or East
flagship project encompasses the Pascalis-Colombiere property where Cambior Inc.
(now IAMGOLD) produced gold between 1989 and 1993 at the Beliveau Mine. Close to
the former mine, Adventure Gold recently discovered a significant new gold
system containing 770,000 gold ounces at 2.63 g/t in the inferred resource
category (SGS Canada Inc., NI 43-101 Technical Report Mineral Resource Val-d'Or
East Property filed on Jan. 4th, 2013) and is actively working on its
development. As of today, the Company owns around $2M in cash, securities and
tax credits. With 68M shares issued and outstanding (72.7M shares on a
fully-diluted basis) and 10% owned by the management, Adventure Gold is
well-positioned to benefit its shareholders.


Follow Adventure Gold on: 

Twitter: http://twitter.com/#!/Adventure_AGE 

LinkedIn: http://www.linkedin.com/company/2253943

The foregoing information may contain forward-looking statements and events
relating to the future performance of the Company. Forward-looking statements,
specifically those concerning future performance, are subject to certain risks
and uncertainties, and actual results may differ materially. These risks and
uncertainties are detailed from time to time in the Company's filings with the
appropriate regulatory authorities. We seek safe harbour.


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: 
Marco Gagnon
President & CEO
marco@adventure-gold.com
450.743.5527


Jules Riopel
Vice-President Exploration and Acquisitions
jules@adventure-gold.com
819.797.9770
www.adventure-gold.com

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