Manado Announces Extension To Due Diligence Period under Yellowstone Agreement

July 4, 2013 - Vancouver, British Columbia. Manado Gold Corp. ("Manado") (TSX-V: MDO) announces that further to its news release on April 25, 2013 regarding the entry into the agreement with Yellowstone Resources Ltd. ("Yellowstone") whereby Yellowstone has granted Manado the option to enter into a definitive agreement to acquire up to a 50% interest in the Sheep Creek, Bayonne, Ymir and Rossland mineral properties located in the Nelson and Trail Mining Divisions, British Columbia, the parties have agreed to extend Manado's due diligence period to July 19, 2013.

The entry into a definitive agreement with Yellowstone continues to be subject to satisfactory due diligence by Manado and the approval of the TSX Venture Exchange.

About the Properties

The Sheep Creek, Bayonne, Ymir and Rossland mineral properties total 67 cell claims and 92 crown granted mineral claims, covering 13,132 hectares (32,450 acres) in the historic Sheep Creek, Bayonne, Ymir, and Rossland mining camps in the Kootenay area of southeastern, British Columbia. This area is an epithermal and mesothermal quartz vein district with considerable historic production.

On behalf of the Board of Directors

Logan Anderson

President and Chief Executive Officer?

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Investor Relations - Dave Ryan

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Forward-Looking Statements Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Manado cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Manado's control. Such factors include, among other things: risks and uncertainties relating to Manado's ability to enter into the Definitive Agreement, Manado's limited operating history; the need to comply with environmental and governmental regulations; and potential defects in title to Manado's properties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Manado undertakes no obligation to publicly update or revise forward-looking information.

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.