Gold and Silver Mining Announces $12.5 Million Cash for Development of $7 Billion Gold Discovery

Gold and Silver Mining of Nevada, Inc. (OTC PINK: CJTF) is pleased to announce that the $12.5 million note receivable is on track for February 2015. These funds will be utilized to develop the $7 billion gold discovery called Goldfield Basin.

In projecting these operations forward the company also has a new corporate governance policy to distribute 75% of the net profits to shareholders. This projects out to $.09 to $.17 per share.

$12.5 Million Note Receivable

CJTF owns and has $12.5 million due and payable by February 3, 2015, as per completed contracts.

The combined $25 million note receivable funds of CJTF and co-owner will allow further development of the mine sites being developed by both CJTF and co-owner.

$7 Billion New Gold Discovery – Goldfield Basin

The company and 50/50 co-owner have 31 20-acre-equivalent claims covering 620 acres. These claims surround an adjoining operation with historic drilling and assay information.

The adjoining claims’ drilling and assay results showed an average gold content of 0.29 ounces per ton and 2.04 ounces per ton of silver. The results from the adjoining drilling and assays also confirmed that the grade of ore became steadily richer at greater depths. CJTF’s initial assay from sample ore this summer showed a total of 16 grams of gold and a range of 5 to 11 grams per ton in the top 3 feet of depth samples were drawn from.

As we correlate the adjoining claims’ results, we have determined a pattern that we expect to be very similar in the 31 claims we have. This will lead to many years of successful precious metals (gold and silver) processing.

For additional information see OTC Markets CJTF News or go to the company website www.goldandsilvermining.com.

This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward-looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

Gold and Silver Mining of Nevada, Inc.Investor Relations:N. Fred Anderson, 801-679-3945