MGP

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THE UNITED STATES


Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company") is pleased
to announce that due to demand, it has increased the size of its non-brokered
private placement previously announced on June 17, 2014 (the "Offering") to
gross proceeds of up to $5.0 Million. 


Glen Kuntz, President and CEO commented "Mega is encouraged by the demand from
current and new investors. The winter 2014 drill program has been successful at
defining high grade near surface gold and tungsten mineralization. We will
continue to work to add value to the Monument Bay Gold-Tungsten Project
throughout 2014 with the objective of completing ongoing drilling, an updated
mineral resource estimate, further metallurgical testing and
environmental/engineering studies. We are grateful to have the support of
numerous key investors as we continue to develop and de-risk the project". 


The terms of the Offering are units at a price of $0.11 per unit (the
"Non-Flow-Through Units") and flow-through units at a price of $0.12 per
flow-through unit (the "Flow-Through Units). Each Non-Flow-Through Unit will
consist of one common share of the Company and one-half of one warrant (each a
"Warrant") to purchase common shares of the Company. Each Warrant will entitle
the holder thereof to purchase one common share of the Company at an exercise
price of $0.15 until 18 months following the closing date of the Offering. Each
Flow-Through Unit will consist of one common share of the Company, which will
qualify as a "flow-through share" within the meaning in the Income Tax Act
(Canada) (the "Tax Act") and one-half of one Warrant. For further details of the
Offering refer to the Company's news release dated June 17, 2014.


Mega Precious Metals Inc. is a leading Canadian-based exploration company with a
high quality pipeline of projects located in the mining friendly jurisdictions
of Manitoba, Northwestern Ontario and Nunavut. The Company's significant
portfolio includes the flagship Monument Bay Gold Tungsten Project in NE
Manitoba as well as the N. Madsen Gold Project in the prolific gold mining
district of Red Lake, Ontario. Mega has established a record of delivering rapid
growth through their focused and low cost approach to exploration and resource
development. The Company's common shares trade on the TSX Venture Exchange under
the symbol MGP.


For further information and presentation material, please review the Mega
website at www.megapmi.com 


Forward-looking Information

Certain statements in this press release contain information that may constitute
forward-looking information under applicable Canadian securities legislation,
including but not limited to, information relating to the terms and, the
completion of the Offering. These forward-looking statements represent
management's best judgment based on current facts and assumptions that
management considers reasonable. The Company makes no representation that
reasonable business people in possession of the same information would reach the
same conclusions. These forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. These risks and uncertainties include, but are not
limited to, the strength of the global economy, fluctuations in the price of
gold and operational, funding and liquidity risks. Readers should not place
undue reliance on forward-looking statements. More information about risks and
uncertainties affecting the Company and its business is available in the
Company's filings which are posted on SEDAR at www.sedar.com.The Company does
not intend, and does not assume any obligation, to update these forward-looking
statements or to update the reasons why actual results could differ from such
information unless required by law.


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: 
Mega Precious Metals Inc.
Glen Kuntz, P.Geo.
President, Chief Executive Officer & Director
O: 807-766-3380
TF: 877-592-3380
info@megapmi.com

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