Empire Metals Regulatory News (EEE)

Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources

9 December 2013

Noricum Gold Limited ('Noricum Gold' or 'the Company')

Latest Drilling Results Show Further High Grade Gold at Rotgülden Gold and Precious Metals Project, Austria

Noricum Gold Limited, the Austrian focused gold exploration and development company, is pleased to announce further significant high grade gold and silver mineralisation from its 2013 underground drill programme at the Company's 100% owned Rotgulden Gold and Precious Metals Project ('Rotgulden').

Highlights

· Significant gold ('Au'), silver ('Ag') and copper ('Cu') results received from a further seven drill holes including:

o XB03 - 21m @ 4.04 g/t Au, 23.86 g/t Ag and 0.16 % Cu from 0m

§ including 3m @ 9.14 g/t Au, 42.8 g/t Ag and 0.17 % Cu from 12m

§ and 2m @ 12.45 g/t Au, 33.9 g/t Ag and 0.12 % Cu from 18m

o RZ06 - 14m @ 1.98 g/t Au, 20.02 g/t Ag and 0.14 % Cu from 5m

§ Including 2m @ 7.78 g/t Au, 8.01 g/t Ag and 0.24 % Cu from 16m

o C09 - 1m @ 9.93 g/t Au, 0.2 g/t Ag from 113m (partial results announced on 15 November 2013)

· Drilling is focused on modelling a resource for the previously producing mine, one of four targets identified to date within the project area

· Additional results from the remaining 13 holes expected within the coming weeks

Noricum Gold's Managing Director, Greg Kuenzel said, "These further fantastic results, which also include some good widths, continue to demonstrate the very high grade nature of the gold, silver and copper mineralisation at the previously producing mine within the Rotgulden tenure. We look forward to receiving the results from the remaining 13 drill holes which are currently undergoing assay testing at the lab. Once received, we will be in a position to complete the modeling of a maiden, high grade resource for this first of four target areas within the project area. With this in mind, we expect H1 2014 to be active in terms of news flow and with work at Schonberg ongoing and the first batch of soil samples already shipped for testing, we look forward to updating the market regarding our progress across our Austrian precious metals portfolio over the coming months."

Further Information

Drilling has now been completed at Rotgulden and the focus has turned to the mechanics of deriving a resource from the results of drilling conducted to date.

Work on the bulk density model has been ongoing over the past few weeks as the processing of the drill core is completed. This entails calculating the specific gravity of a variety of rock types which will be added to the geological model once it has been updated with the most recent drilling information. QAQC (quality assurance and quality control) standards are being placed into assay jobs to verify laboratory precision and the laboratory based standards. This work is integral in the resource estimation process.

As announced on 15 November 2013, on visual inspection of the drill core it was noticed that drill hole C9 included visible free gold. To view photographs taken from an intersection at approximately 113.6 metres, please refer to the announcement dated 15 November 2013. With this in mind, the Company is likely to submit some sections of massive sulphides from the recent drilling for assaying by screen fire. This method of analysis is expected to better represent samples with any coarse gold as has been noted in the petrographic work completed by the Company.

Results are still outstanding from the final drill hole at C and RZ, the drilling from RY and the final drill holes from position B. The results from these drill holes are expected in the coming weeks.

All intercepts from these most recent holes above 0.5g/t Au are detailed below:

· XB03 - 21m @ 4.04 g/t Au, 23.86 g/t Ag and 0.16 % Cu from 0m

o Including 3m @ 9.14 g/t Au, 42.8 g/t Ag and 0.17 % Cu from 12m

o And 2m @ 12.45 g/t Au, 33.9 g/t Ag and 0.12 % Cu from 18m

· RZ06 - 14m @ 1.98 g/t Au, 20.02 g/t Ag and 0.14 % Cu from 5m

o Including 2m @ 7.78 g/t Au, 8.01 g/t Ag and 0.24 % Cu from 16m

· RZ07 - 11.7m @ 0.96 g/t Au, 28.07 g/t Ag and 0.11 % Cu from 7m

· C09 - 1m @ 9.93 g/t Au, 0.2 g/t Ag from 113m (partial)

· C14 - 4m @ 0.71 g/t Au, 9.61 g/t Ag and 0.15% Cu from 47m

· RZ7A - 1m @ 1.31 g/t Au, 7.65 g/t Ag and 0.15 % Cu from 10m

· C14 - 1m @ 1.01 g/t Au, 0.51 g/t Ag from 43m

· RZ06 - 1m @ 0.99 g/t Au, 2.51 g/t Ag from 0m

· RZ08 - 1m @ 0.97 g/t Au, 5.22 g/t Ag and 0.12 % Cu from 4m

· RZ07 - 2m @ 0.64 g/t Au, 7.21 g/t Ag from 0m

· RZ7A - 1m @ 0.63 g/t Au, 9.90 g/t Ag from 1m

· RZ7A - 1m @ 0.56 g/t Au, 4.74 g/t Ag from 6m

· RZ08 - 1m @ 0.50 g/t Au, 3.66 g/t Ag from 1m

Competent Person Statement

The information in this announcement that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Jeremy Whybrow, who is a Member of The Australasian Institute of Mining and Metallurgy.

Jeremy Whybrow is a director of the Company.

Jeremy Whybrow has sufficient experience, relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking, to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Jeremy Whybrow has reviewed this announcement and consents to the inclusion in the announcement of the matters based on his information in the form and context in which it appears.

**ENDS**

For further information please visit www.noricumgold.com or contact: