SG Terminates Letter of Intent With Pangea Energy Corp.

SG Spirit Gold Inc. (TSX VENTURE:SG) ("SG" or the "Company") announces that it
has terminated the Letter of Intent (the "Letter of Intent") between the Company
and Pangea Energy Corp. ("Pangea") entered into on April 5, 2013 for the
purposes of creating a combined oil and gas company. The Letter Of Intent was
terminated by mutual agreement between SG and Pangea. 


The Company also announces that Mr. Richard Grayston has resigned as a director
of the Company effective October 8, 2013. In addition to serving as a director,
Mr. Grayston also contributed to the management of the Company as Chief
Financial Officer and later President and Chief Executive Officer of the
Company. The board of directors of the Company wishes to thank Mr. Grayston for
his years of dedicated service to the Company.


ON BEHALF OF THE SG BOARD

Adrian Bray, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) has reviewed or accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
SG Spirit Gold Inc.
Investor Relations
604-681-8030, x 240

SG Spirit Gold Inc. (TSXV:SG)
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