Expedition Mining Announces Drill Results on Long Canyon Gold Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 29, 2014) - Expedition Mining Inc. (TSX VENTURE:EXU) (the "Company") is pleased to provide this update on the 2014 exploration programs within the Walker Lane Mineral Belt. 

LONG CANYON PROPERTY

The Company is pleased to report that the initial reverse circulation drill program has been completed and assay results received for all holes. Eleven holes were drilled to a maximum depth of 152.4 m (500 ft). The best results were received from holes LCR-03 and LCR-06 which tested a 150 m section of a northwesterly trending structure which can be traced across the property. The Company is encouraged by the presence of wide zones of low grade mineralization indicating a large hydrothermal system.

Drill hole LCR-06 was oriented perpendicular to the main structure which is believed to be subvertical in orientation. Chip logging indicates that the structural zone starts at a depth of 57 m, and may be up to 65 m wide. It comprises numerous individual shears displaying elevated quartz content and limonitic alteration. Previous surface sampling of this structure had included 1.16 g/t gold over 5 m. 

LCR-03 was targeting the intersection of the structure tested by LCR-06, with a northerly trending vein system visible at surface. The highest gold value received from this drill program appears to be related to the southern edge of the structure where a 3.05 m (10 ft) interval assayed 3.85 g/t gold and 3.3 g/t silver at a depth of 24.5 m. In both holes there is a direct correlation between quartz content and gold values as would be expected in a vein controlled environment. No sulphides were observed in any of the holes, indicating that the depth of oxidation is in excess of 100 m. 

Sampling was carried out in 3.05 m (10 ft) intervals throughout all holes. Chips were collected and logged at 1.78 m (5 ft) intervals and stored in plastic trays. A duplicate set of samples has been kept for all holes to allow for additional assaying or sample evaluation purposes. 

Structurally the Long Canyon project area is dominated by strands of the northwest trending Walker Lane Fault Zone. Arcuate splays from the main faults trend easterly across the property and are exposed in many of the drainages. One of these splays hosts the mineralization encountered in Hole LCR-06. The northerly trending structures extend through the Pilot Mountains to the north, and are covered by pediment fans to the south. The intersections of these structural zones are believed to be important localizing features for mineralization. Hole LCR-03 was located to test one of these intersections.

The Long Canyon project is situated in southeastern Mineral County and is flanked by several well known historical mining districts. The former producing Belleville Mine 8 kms north of Long Canyon reportedly produced around 100,000 ozs until 1939 from 2 quartz veins. To the west the Douglas Camp area was dominantly a gold and silver camp which also contained abundant scheelite and produced over $1,000,000 of tungsten during and after WW1.

To the southwest the Candelaria District was known for high grade silver deposits which averaged 60 oz/ton in the early days of mining, and produced over 68 million ounces of silver by 1999.

Expedition's disclosure of a technical or scientific nature in this press release has been reviewed and approved by James Chapman P.Geo, who serves as a qualified person under the definition of National Instrument 43-101.

Expedition Mining Inc. (TSX VENTURE:EXU) is a publicly held Canadian exploration company focused on acquiring, exploring and developing gold properties located in favourable geo-political climates. The company is led by a highly skilled, experienced board and management team with significant successes in managing early stage mineral exploration companies. For additional information concerning Expedition Mining Inc. or its various exploration projects please visit Expedition's website at www.expeditionmining.com.

CAUTION REGARDING FORWARD LOOKING STATEMENTS:

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Expedition Mining to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of any of its properties, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold. Although Expedition Mining has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Expedition Mining does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

ON BEHALF OF THE BOARD:

Ronald Atlas, President & Chairman of the Board

Expedition Mining Inc.   

Neither the 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.

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