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Vol. 17, No. 46 Week of November 11, 2012
Providing coverage of Alaska and Northwest Canada's mineral industry

Mining Explorers 2012: Independence Gold Corp.

IGO: TSX-V

President and CEO: Randy Turner, B.Sc., P.Geo

CFO: Christopher Mitchell, P.Eng., MBA

Vice President, Exploration: David Pawliuk, B.Sc., P.Geo

Independence Gold Corp., formerly Silver Quest Resources Ltd., is focused on exploring for silver and gold on numerous property holdings, ranging from early‐stage grassroots to advanced‐stage resource delineation and expansion projects scattered across central British Columbia and Yukon Territory. In 2012, the company launched a C$2.2 million exploration program in April at its 4,272-hectare (10,556 acres) 3Ts Project located in the Nechako Plateau region some 120 kilometers southwest of Vanderhoof, B.C. The work included 5,000 meters of diamond drilling, prospecting, geological mapping, geophysical surveying and trenching targeting the Mint and Ted veins with the objective to increase the projectís inferred resource. The drilling also tested for new mineralized veins in the epithermal quartz-carbonate vein system on the property. In 2012, Independence Gold also explored its Boulevard and Henderson project areas in the White Gold District of Yukon Territory with a program of geochemical soil sampling, geological mapping and diamond drilling budgeted at C$3.7 million. Comprised of five properties with 1,763 contiguous mineral claims covering about 36,840 hectares (91,032 acres), Boulevard hosts a 20-kilometer- (21.4 miles) long geochemical gold-in-soil anomaly, the Boulevard Trend, has been identified within the southern portion of the Boulevard project area adjoining the western side of Kaminak Gold Corp.ís Coffee Gold project 135 kilometers (80 miles) south of Dawson City. The company collected about 3,500 in-fill soil samples at Boulevard to better-define previously identified gold-in-soil geochemical anomalies within the Boulevard Trend and generate additional diamond drill targets. At the 742-claim, 15,500-hectare (38,301 acres) Henderson property located 60 kilometers (37 miles) south of Dawson City and about 30 kilometers (19 miles) north of Kinross Gold Corp.ís Golden Saddle deposit, geological mapping focused on identifying mineralized structures, with follow-up diamond drilling planned for late August. Independence Gold has about 5,200 mineral claims covering some 944 square kilometers (364.5 square miles) within the White Gold District.

Cash and short-term deposits: C$13.36 million (June 30, 2012)

Working capital: C$ 14.42 million (June 30, 2012)

Market capitalization: C$7.41 million (Sept. 4, 2012)

P.O. Box 11584

Suite 1410 - 650 West Georgia St.

Vancouver, B.C. Canada V6B4N8

PH: 604-687-3959 ē Fax: 604-687-1448

www.silverquest.ca



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