SG Spirit Announces Completion of Consolidation

SG Spirit Gold Inc. (TSX VENTURE:SG) ("SG Spirit" or the "Company") is pleased
to announce the completion of a consolidation of the Company's common shares
("Common Shares"). At the annual general and special meeting of shareholders
held on November 15, 2012 (the "Meeting"), SG Spirit Shareholders approved a
consolidation of the Common Shares on the basis of 1 post-consolidation Common
Share for every 2.5 pre-consolidation Common Shares. SG Spirit will not issue
any fractional Common Shares as a result of the consolidation. Instead, all
fractional shares will be rounded down and cancelled. The consolidation was made
effective on November 15, 2012 and the Common Shares will begin trading on the
TSX Venture Exchange on a post-consolidation basis on November 20, 2012. Letters
of transmittal will be mailed to shareholders to use to exchange their
pre-consolidation Common Shares for post-consolidation Common Shares.


About SG Spirit Gold:

SG Spirit Gold is a Vancouver based resource company in the business of
acquiring and advancing Canadian mineral properties prospective for precious
metals and base metals. The Company's management team and Board have extensive
experience and success in the resource industry.


ON BEHALF OF THE SG BOARD

Adrian Bray, President & CEO

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements in this document include statements
about the exploration of SG Spirit's properties. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or other future events, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such factors include, among others, the following risks: the need
for additional financing; operational risks associated with mineral exploration;
fluctuations in commodity prices; title matters; environmental liability claims
and insurance; reliance on key personnel; the potential for conflicts of
interest among certain officers, directors or promoters with certain other
projects and the additional risks identified in the management discussion and
analysis section of our interim and most recent annual financial statement or
other reports and filings with the TSX Venture Exchange and applicable Canadian
securities regulators. Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date that statements are made and SG
Spirit undertakes no obligation to update forward-looking statements if these
beliefs, estimates and opinions or other circumstances should change, except as
required by applicable securities laws. Investors are cautioned against
attributing undue certainty to forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SG Spirit Gold Inc.
Adrian Bray
President & CEO
604-681-8030
604-681-8039 (FAX)


SG Spirit Gold Inc.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 x232

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