Empire Metals Regulatory News (EEE)

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

16 September 2013

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

High Grade Initial Drilling Results from Rotgülden Gold and Precious Metals Project, Austria

Noricum Gold Limited, the Austrian focused gold exploration and development Company, is pleased to announce significant high grade gold ('Au') and silver ('Ag') mineralisation from the first drill hole to be assayed as part of the 1,300 metre underground drill programme at the Company's 100% owned Rotgulden Gold and Precious Metals Project ('Rotgulden').

Highlights

· Significant gold and silver mineralisation from the first drill hole RZ 4, drilled to 57m, included:

o 6m @ 17.4 g/t Au and 27.8 g/t Ag from 9m

o 2m @ 41.4 g/t Au and 198 g/t Ag as well as 3.96% copper ('Cu') from 20m

· Similar mineralisation (including massive sulphide, stock-work and chalcopyrite) evident in the other four holes drilled from the RZ position, with further results to be announced in due course

· Results reinforce the Company's belief that it is operating in a significant high grade gold and multi-element province

Noricum Gold Managing Director Greg Kuenzel said, "These bonanza grade intercepts are a tremendous start to our underground drill programme. The first, 6 metres at 17 g/t gold, intercepted a target identified from our previous geophysics programmes. This again reaffirms our belief in the use of geophysics as an effective exploration tool in this area. The second intercept, 2 metres at over an ounce of gold alongside over 6 ounces of silver and almost 4% copper appears to be a new type of mineralisation previously unseen at Rotgulden. With the subsequent drill holes including similar types of mineralisation, we look forward to providing further updates over the coming weeks."

Further Information

Noricum Gold commenced the 15 hole, 1,300m underground drill programme in August 2013. It was designed to define areas of massive sulphide mineralisation, at the historic mine target area of Rotgulden, that have been detected by electromagnetic programmes, geological mapping and sampling in the areas just above the main level to depths of around 50 to 100m.

Drilling at the Rotgulden underground mine is continuing with holes from the RZ position now completed. All holes from RZ encountered significant mineralisation which included both disseminated and massive sulphides found in every hole.

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 2004 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: