Integra Gold Corp. Closes $8.2 Million Bought Deal Offering

VANCOUVER, BC--(Marketwired - December 30, 2014) - Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF) ("Integra" or the "Company") is pleased to announce that it has closed its "bought deal" private placement, including exercise of the over-allotment option in full (the "Offering"), of flow-through common shares of the Company (the "Flow-Through Shares") and Québec super flow-through common shares of the Company (the "Super Flow-Through Shares"), as previously announced on December 11, 2014, through a syndicate of underwriters led by Paradigm Capital Inc. and Cormark Securities Inc., for gross proceeds of C$8,174,284.

"We are pleased to have completed this financing at a significant premium to our current share price, and with the positive response from investors. With over $11 million in cash Integra is now well-positioned to advance exploration at the Lamaque Project in 2015," commented Company CEO, Stephen de Jong.

The Company intends to use the proceeds of the Offering for "Canadian Exploration Expenses" (within the meaning of the Income Tax Act (Canada)) related to the Company's Québec mineral concessions. The Company will agree to renounce such Canadian Exploration Expenses with an effective date of no later than December 31, 2014.

Total underwriters' commission of $490,457.04 was paid in conjunction with the Offering and an aggregate of 1,675,930 compensation options (the "Compensation Options") were granted to the underwriters. The Compensation Options entitle the holder to purchase one Common Share at a price of $0.23 for 12 months following the closing of the Offering.

All common shares issued and issuable hereunder (including those issuable upon the exercise of Compensation Options), are subject to a hold period expiring May 1, 2015.


Project and Company Profile

Integra's Lamaque South Gold Project and Sigma-Lamaque Milling Complex and Mine are located directly east from the city of Val d'Or along the prolific Abitibi Greenstone belt in the Province of Québec, Canada, approximately 550 km northwest of Montréal. Québec is rated one of the best mining jurisdictions in the world. Infrastructure, human resources and mining expertise are readily available.

The Company's primary focus is on production planning for its high-grade Lamaque South project. The Lamaque South property is divided into three clusters, the North, South and West cluster. The primary targets are the high-grade Parallel Zone in the North Cluster and the Triangle Zone in the South Cluster. The acquired Sigma Mill, located 1 kilometer from the Parallel Zone and 3 kilometers from the Triangle Zone, is a fully-permitted, 2,200 ton per day mill and tailings facility. The Sigma-Lamaque Mill and Mining Complex include the historic Sigma and Lamaque Mines which operated for 60 and 50 years respectively and produced more than 9 million ounces of gold in total.


ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong
CEO & President

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Neither the 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 news release.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, those matters identified in its continuous disclosure filings, including its most recently filed MD&A. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES



Contact

Corporate Inquiries:
Integra Gold Corp.
Chris Gordon
chris@integragold.com
Or visit the company website: www.integragold.com