BELLEVUE, WA, April 22, 2013 /PRNewswire/ – As a result of his participation in
a private placement in Medgold Resources Corp. (the “Company”), Amin
Lakha, of 500 – 108 Avenue NE, Bellevue, WA, has acquired for a
purchase price of $975,000 a debenture (“Debenture”) which is
convertible into 6.5 million common shares of the Company at a rate of
$0.15 each, and warrants (“Warrants”) to purchase up to 6.5 million
common shares of the Company at a price of $0.15 each. As a result of
this transaction, and assuming both the conversion of the Debenture and
the exercise of the Warrants in full, Mr. Lakha would own 13.0 million
common shares, which would represent 19.87% of the then issued and
outstanding common shares of the Company.

The shares were acquired by Mr. Lakha for investment purposes, and he
may from time to time, directly or indirectly, acquire additional
securities of the Company. Mr. Lakha has filed on www.sedar.com a report in accordance with NI 62-103, and a copy of the report may be
obtained by contacting Mr. Lakha.

SOURCE Amin Lakha