SPANISH MOUNTAIN GOLD (SPA.TSXV)

SPANISH MOUNTAIN GOLD HIGHLIGHTS

NI 43-101 Compliant Gold Resource of 3.9mm oz. (0.3 g/t gold cut-off) – The company’s flagship Spanish Mountain gold project is one of the first recognized occurrences of a sediment hosted gold system in British Columbia. The project is at an advanced stage and an updated NI 43-101 compliant resource estimate was released in 2009.

Metallurgical Work Indicates 88-90% Gold Recoveries – Preliminary metallurgical work has indicated 88-90% recovery at Spanish Mountain.

Excellent Infrastructure – Roads, Water, Power Grid, & Labor Force – The Spanish Mountain gold project is accessible via an all-weather road, while nearby Williams Lake serves as a transportation, logistics, and supply hub in the area.

100%-Owned Projects in Stable Political Jurisdiction of B.C., Canada – The company’s flagship project is located about 6 kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. This project is host to a potentially bulk mineable, large tonnage, sediment hosted gold deposit.

SPANISH MOUNTAIN GOLD RECENT DEVELOPMENTS

Advances Toward Feasibility Study May 15, 2012 Spanish Mountain Gold announced initial metallurgical test results for the Phoenix Zone of its Spanish Mountain Gold Project located in central British Columbia, Canada. The results for the Phoenix Zone represent preliminary tests carried out with samples from the drill program that identified the Phoenix Zone late in 2011.

Eyes Significant Resource Increase May 1, 2012 Spanish Mountain Gold announced additional results from the current in-fill drilling program within the Main Zone of its Spanish Mountain Gold Project in central British Columbia, Canada. The latest results comprise approximately 30% of the total planned drill holes to reclassify gold mineralization from the Inferred to Measured and Indicated (M&I) categories. The final 60% of results are expected to be available within six weeks.

Jim Rogers Appointed as Director April 17, 2012 Spanish Mountain Gold announced that Jim Rogers has been appointed to the board of directors of the Company. Mr. Rogers is a critically acclaimed author, financial commentator and successful international investor. He is frequently featured in such publications as Time, The New York Times, Barron’s, Forbes, The Wall Street Journal, and Financial Times and is a regular guest on television shows around the world.

SPANISH MOUNTAIN GOLD SHARE PERFORMANCE

SPA.TSXV HAS OUTPERFORMED

S&P 500The broader market has substantially underperformed Spanish Mountain in 2010.

GoldThe Canadian-based gold explorer has displayed considerable leverage to the yellow metal this year, posting gains in excess of 100%.

GDXYear-to-date Spanish Mountain has significantly outpaced the widely-held large-cap gold stocks ETF.

GDXJSpanish Mountain has also delivered a much larger return than the small- and mid-cap gold stocks ETF, the Market Vectors Junior Gold Miners ETF.

SPA.TSXV VS BENCHMARKS IN 2010

Premier continues to outperform benchmarks

SPANISH MOUNTAIN GOLD IN THE NEWS

LOCATIED IN TOP MINING JURISDICTION BRITISH COLUMBIA, CANADA

KEY UPCOMING CATALYSTS

2012
Drill Results at Spanish Mountain
Economic and engineering studies are focused on defining preliminary economic parameters for the Spanish Mountain deposit. This includes potential operating costs, capital expenditures and scale of production.

2012
Prefeasibility Study
The Company expects the ongoing Prefeasibility Study for its flagship project to be completed in April 2012.

2012
Feasibility Study
Spanish Mountain Gold intends to commence a Feasibility Study for the Project in April 2012.