GoGold Resources Announces Effective Date of Early Warrant Exercise Incentive Program

Trading Symbol: TSX: GGD
Shares Issued: 139,918,074

HALIFAX, June 23, 2014 /CNW/ - GoGold Resources Inc. ("GoGold" or the "Company") (TSX: GGD) is pleased to announce that the conditions to the early warrant exercise incentive program (the "Warrant Incentive Program") for the common share purchase warrants ("Warrants") exercisable for common shares of the Company ("Common Shares") which were issued on July 27, 2012 in connection with the Company's acquisition of Absolute Gold Holdings Incorporated, as announced on June 10, 2014, have been satisfied.

The Warrant Incentive Program will commence at 9:00 a.m. (Toronto time) on Tuesday, June 24, 2014 and will expire at 5:00 p.m. (Toronto time) on Friday, July 4, 2014 ("Early Exercise Period"). Warrants exercised during the Early Exercise Period will entitle the holder to acquire 1.1 Common Shares upon the exercise of each Warrant at the exercise price of $1.50 per Warrant.

Registered holders of Warrants are encouraged to exercise their Warrants prior to 5:00 p.m. (Toronto time) on Friday, July 4, 2014 in order to take advantage of the Warrant Incentive Program.

Warrantholders are reminded that Warrants may be exercised by surrendering the certificate or certificates representing their Warrants to Computershare Trust Company of Canada by hand or courier at its offices located at Suite 2008, Purdy's Wharf Tower II, 1969 Upper Water Street, Halifax, Nova Scotia, B3J 2R7 or 100 University Ave., 9th Floor, Toronto, Ontario, M5J 2Y1. The warrant certificate must be submitted together with:

• a duly completed and executed subscription of the registered holder of the Warrants, substantially in the form attached to the warrant certificate, specifying the number of Warrants that the holder intends to exercise; and

• a certified cheque, bank draft or money order in Canadian dollars, payable to or to the order of GoGold in an amount equal to the exercise price of CDN$1.50 multiplied by the number of Warrants that the warrantholder intends to exercise.

Non-registered holders of Warrants whose Warrants are registered in the name of a brokerage firm, bank or trust company or other intermediary should contact their intermediaries for instructions on how to exercise their Warrants.

Each Warrant that is not exercised during the Early Exercise Period will continue to entitle the holder to acquire one Common Share at the exercise price of $1.50 per Common Share until January 24, 2015 in accordance with its terms and the terms of the warrant indenture. 

If you have any questions about the Warrant Incentive Program or require assistance with the exercise of your Warrants, please contact Computershare Trust Company of Canada or GoGold as follows:

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.

This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Early Exercise Period and future plans and objectives of GoGold, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern and the ability to satisfy all conditions to implementing the Warrant Incentive Program. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations include the failure of holders to exercise their Warrants under the Warrant Incentive Program and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.

SOURCE GoGold Resources Inc.