Auriga Gold Corp. Provides Corporate Update

TORONTO, ONTARIO May 22, 2014. Auriga Gold Corp. (TSX-V: "AIA") ("Auriga Gold" or the "Company") is pleased to provide the following corporate update:

- Notice of Alteration to include open pit mining operations filed
- Preliminary Economic Assessment Update
- Proposed Name Change to Minnova Corp.


Environment Act Licence No. 1207E - Notice of Alteration

The Company has filed a Notice of Alteration ("NOA") with the Manitoba Conservation and Water Stewardship, Environmental Approvals Branch. The NOA seeks approval for the inclusion of open pit mining as an additional mining method for the already licenced Puffy Lake Mine. Our existing Environment Act License 1207E allows for underground mining and processing at 1,000 tpd and tailing deposition in the Ragged Tailings Impoundment Area ("Ragged TIA"). In our January 2012 Preliminary Economic Assessment ("2012 PEA") the Company determined that near surface mineral resources in the PL gold deposit could be accessed more economically and efficiently from the surface. A plan to mine up to 5 open pits was proposed in the 2012 PEA.

Based on significant baseline environmental test work and studies that conform to "Environment Act Proposal Report Guidelines" (Manitoba Conservation 2011a) our independent environmental consultant AECOM Canada Ltd. ("AECOM"), has concluded that the potential impacts to the proposed alteration will be minor or negligible for each relevant component of the environmental study.


Preliminary Economic Assessment ("PEA") Update

On April 17, 2014 we announced an updated independent NI 43-101 compliant mineral resource estimate for the Puffy Lake ("PL") Gold Deposit and an initial NI 43-101 compliant mineral resource estimate for the Nokomis Gold Deposit. The updated PEA will incorporate the new mineral resource estimates and is expected to be completed in June 2014.

Highlights of the revisions to be incorporated in the June 2014 PEA Update are:


June 5th 2014 Annual General Meeting -- Shareholders to Approve Name Change

At our upcoming Annual General Meeting, scheduled for June 5th 2014, we have proposed shareholders approve a name change to Minnova Corp. The new name is a portmanteau or combination of the words mining + innovation = Minnova. The name symbolized our view that innovation is critical to the success of our business plan and confirms our commitment to innovate and continually seek out innovations that will enhance our future mining operations. In essence our business is not simply to be another gold mining company but rather to build a leading mining and resource company committed to delivering shareholder returns though innovation, execution excellence and growth.

Gorden Glenn, Auriga Gold's President & CEO commented, "The filing of our NOA is another important milestone for the company. The independent environmental study and resulting report, completed by AECOM, is very thorough and concludes that the addition of open pit mining methods will have minimal impact to the environment. The PEA is well underway and is expected to be completed by mid-June 2014. As a reminder to shareholders and investors the updated PEA will include the Nokomis mineral resource as a satellite open pit operation. It will also include a revised underground mine plan designed by Minrail Inc. and reviewed by ACA Howe Limited that incorporates their SAMSTM technology. We anticipate that the implementation of mining innovations like SAMSTM will enhance overall productivity and reduce operating and development costs at our underground mining operations while maintaining the highest safety standards. Given the potential impact of SAMSTM we are preparing an underground test mining program and budget that, subject to financing, can be implemented in Q3 2014. Finally I'm excited to present our new name, Minnova Corp. to be approved by our shareholders at our upcoming AGM. We strongly believe that our commitment to innovation will enable us to successfully re-start the past producing Puffy Mine and deliver on the significant value proposition that the Maverick Gold Project represents to our shareholders."


Qualified Person

The Company's Qualified Person ("QP") for the drill program at the Maverick Gold Project is Brian Robertson, B. Sc., P. Eng.. As QP, Mr. Robertson has prepared or supervised the preparation of the scientific or technical information for the property and has verified the data disclosed in this press release.


About Auriga Gold

Auriga Gold Corp. is an emerging Canadian gold producer focused on re-starting the Puffy Mine and expanding gold resources on its Puffy and Nokomis gold deposits (collectively the "Maverick Gold Project"). The Company plans to upgrade and expand the resources at the Maverick Gold Project, initiate test mining, complete feasibility studies of mineral reserves, and bring the Puffy Mine back into production. The Puffy Mine includes a 1,000 tpd flotation mill with a replacement value in excess of $50 million, over 7,000 meters of developed underground ramp to 135 metres depth, is fully road accessible and close to existing mining infrastructure. The Maverick Gold Project is located in the Flin Flon Greenstone Belt of Central Manitoba. To view current images of the property and mill, please see www.aurigagold.ca/s/photogallery.asp



For more information please contact:

Auriga Gold Corp.
Gorden Glenn, Chairman, President and CEO
gglenn@aurigagold.ca
Phone: +1 (647) 985 2785
info@aurigagold.ca
www.aurigagold.ca

CHF Investor Relations
Cathy Hume, CEO
Tel: +1 (416) 868 1079 ext.231
Email: cathy@chfir.com
www.chfir.com

Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Laurence A. Lachance: llachance@renmarkfinancial.com
Tel.: +1 (416) 644 2020 or
+1 (514) 939 3989
www.renmarkfinancial.com


This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information regarding the Company including management's assessment of future plans and operations, that may involve risks associated with mining exploration and development, volatility of prices, currency fluctuations, imprecision of resource estimates, environmental and permitting risks, access to labour and services, competition from other companies and ability to access sufficient capital. As a consequence, actual results may differ materially from those anticipated in the forward looking statements. A feasibility study has not been completed and there is no certainty the disclosed targets will be achieved nor that the proposed operations will be economically viable. Although Auriga Gold has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Auriga Gold does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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