Threegold Update

Threegold Resources Inc ("Threegold" or the "Company") (TSX VENTURE:THG) is
announcing that Mr. Peter A. Ball has stepped down as Chairman of the board of
directors as of the 25th of July. Threegold wishes to thank him for his service
and wishes him the best in future endeavors. Mr. Ball will continue to act as an
advisor to help facilitate ongoing corporate transactions.


In addition, Mr. Michael Willett has resigned from the Board effective July 25,
2014, and Mr. Alain Berclaz has resigned from the board of directors and as VP
Exploration. Threegold wishes to thank them both for their efforts in the time
spent with the company, as they both pursue other opportunities. 


Threegold continues to review near term production focused opportunities and is
rebuilding the company to do so. To accomplish this, an asset sale of some of
the project in the company is being undertaken to allow the Company to move
forward. Additionally, Threegold awaits its tax credit from the Quebec and
Canadian government, which will assist in moving the company forward. 


The company is also currently reviewing potential candidates to fill the board
positions to reflect the areas of interest the Company is pursuing.


We seek safe harbour.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Threegold Resources Inc.
Mr. Victor Goncalves
President and CEO
[phone]
[e-mail]