Laurentian Goldfields Signs Definitive Agreement on Newman-Madsen Acquisition Consolidating the Madsen Mine Trend And Announc...

Laurentian Goldfields Ltd. ("Laurentian" or the "Company") (TSX VENTURE:LGF) is
pleased to announce it has entered into a Definitive Agreement to acquire a 100%
interest in the Newman-Madsen Property from Sabina Gold & Silver Corp.
("Sabina") as previously announced January 14, 2014. The Newman-Madsen Property
consists of 38 patented mining claims and is adjacent to Laurentian's Madsen
Gold Project in the prolific Red Lake gold camp. Together, the two properties
comprise a land package in excess of 5,000 hectares with numerous advanced
exploration targets and former gold producers along the 12 kilometre Madsen Mine
Trend. 


On closing, Laurentian will issue 6.5 million common shares of the Company to
Sabina, which are subject to a statutory four month hold period. Laurentian will
also take the necessary steps to appoint Mr. Robert Pease, current President and
CEO of Sabina, to Laurentian's Board of Directors. The parties will also enter
into an equity participation agreement pursuant to which Sabina will have a
right to maintain its equity position. Such right will expire on the earlier of
24 months from the closing date or the date which Sabina ceases to hold at least
3.5% of the shares of Laurentian. 


"Acquisition of the Newman-Madsen Property is consistent with Laurentian's
strategy of consolidating the Madsen Mine Trend to allow the application of
modern day exploration under a single property owner. This acquisition is
another step in establishing Laurentian as a leading Red Lake exploration
company," stated Darin Labrenz, President and CEO of Laurentian. "I also look
forward to having Rob Pease joining the Board of Directors. Rob's capital
markets expertise and knowledge of the Red Lake gold camp will be a great
compliment to our current board and management team."


Sabina will hold a 6.3% interest in the Company upon closing of the transaction,
which is expected in May 2014, and is subject to receipt of all required
regulatory and third party consents and satisfaction of customary closing
conditions and documentation.


About the Newman-Madsen Property

The consolidation of the Newman-Madsen Property and the Madsen Gold Project into
one contiguous land package expands the Company's access to prospective horizons
along the Madsen Mine Trend by more than two kilometres, and provides exposure
to prospective structural horizons associated with the Buffalo and Laverty
deposits.


The Madsen Mine Trend lies along the Balmer and Confederation unconformity, and
is the key structural break that hosts the past producing Madsen and
Starratt-Olsen gold deposits. Mineralization has been previously identified at
Newman-Madsen along the structural break, with wide spaced drilling in 2010
returning 43.51 g/t gold over 0.65 m, and earlier drilling in 2006 returning
22.57 g/t gold over 2.0 m. (See news release of Sabina Gold & Silver Corp. dated
January 27, 2011.)


The Western Buffalo Trend is characterized by geochemical anomalies that are on
trend with the projected extension of mineralization associated with
Laurentian's Buffalo Mine. Historic drilling on this trend targeted
mineralization along the intrusive/volcanic contact returning 9.24 g/t gold over
3.55 m in hole RLK-02-05. (See news release of Wolfden Resources Inc. dated
January 8, 2002.)


The Laverty trend, on the northern section of the property, is characterized by
a sequence of folded mafic and ultramafic rocks that are considered prospective
for Red Lake 'HGZ', or Zone 8 gold style mineralization.


Laurentian Strengthens Management Team

Laurentian is also pleased to announce that it has enhanced its management team
and financial oversight with the appointment of Mr. Sean Tetzlaff to Chief
Financial Officer. Mr. Tetzlaff is an experienced financial professional with
over 18 years of experience in the mining industry. Recently he served as Chief
Financial Officer and Corporate Secretary of Blue Gold Mining, which merged with
Riverstone Resources in 2012 to become True Gold Mining. He also served as CFO,
VP Finance and Corporate Secretary of Fronteer Gold from 2005 to 2011.  Mr.
Tetzlaff has a tax background, having worked with KPMG LLP from 2000 to 2004. He
is currently the CFO of True North Nickel, a private nickel explorer, and a
Director and Chair of the Audit Committee of Pilot Gold.


Laurentian has also appointed Mr. Blaine Monaghan as Director of Investor
Relations. Mr. Monaghan has over 12 years of experience in the mineral
exploration industry, most recently as VP, Corporate Development for Camino
Minerals Corp., and previously Director, Investor Relations for Canplats
Resources Corp., which was acquired in 2010 by Goldcorp Inc. for C$300-million.
Mr. Monaghan will be responsible for overseeing Laurentian's investor relations
program, providing enriched communication and developing relationships with both
shareholders and capital markets.


The newly appointed officer and employee will be granted incentive stock options
exercisable to purchase up to 300,000 common shares in the capital of the
Company until May 13, 2019 at an exercise price of $0.32 per share. The
incentive stock options were granted in accordance with Laurentian's Stock
Option Plan and are subject to vesting provisions.


Qualified Persons 

Darren O'Brien, P.Geo., and the Vice President, Exploration for the Company, is
the designated Qualified Person for this news release within the meaning of
National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI
43-101") and has reviewed and verified that the technical information contained
in this release is accurate and approves of the written disclosure of same.


About Laurentian Goldfields Ltd.

Laurentian is led by a management team and board that comprise established
mining professionals with extensive knowledge of Red Lake, and proven technical
and capital markets expertise. The management and board are committed to
generating exceptional shareholder growth through the exploration and
development of the high-grade gold Madsen Gold Project in the prolific Red Lake
gold camp of Northwestern Ontario. Laurentian intends to become a leading
exploration company by unlocking the value in numerous advanced-stage
exploration targets and previous gold producers along the 12 kilometre Madsen
Mine Trend. 


ON BEHALF OF THE BOARD OF DIRECTORS,

Darin Labrenz, P.Geo., President and CEO

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. 


Cautionary Statement on Forward-Looking Information 

This press release contains certain forward-looking statements, such statements
include, without limitation, Laurentian's plans and objectives to acquire the
Newman-Madsen Gold Property. All statements, other than statements of historical
facts, are forward-looking statements. The words "believe", "expect",
"anticipate", "contemplate", "target", "plan", "intends", "continue", "budget",
"estimate", "may", "will" and similar expressions identify forward-looking
statements. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could cause actual
results to differ materially from those projected in the forward-looking
statements. Such factors include, but are not limited to, fluctuations in the
price of gold and other commodities, changes in government legislation,
taxation, controls, regulations and political or economic developments in
Canada, risks associated with mining or development activities, the speculative
nature of exploration and development, including the risk of obtaining necessary
licenses and permits and the inability of Laurentian to complete the acquisition
of the Newman-Madsen Gold Property. Many of these uncertainties and
contingencies can affect the Company's actual performance and could cause actual
performance to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company. Readers are
cautioned that forward-looking statements are not guarantees of future
performance. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
acknowledged in such statements. The Company 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 to the extent
required by applicable laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Laurentian Goldfields Ltd.
Darin Labrenz
President and CEO
[phone]
[phone] (FAX)
[e-mail]