SAVARY GOLD CORP. ("Savary" or the "Company") (TSX VENTURE:SCA) announces that
it has commenced the next phase of exploration at the Hounde South project in
Burkina Faso. The Company is very pleased with the success of its previous drill
program completed in April 2013 and looks forward to advancing the project with
Phases Three and Four of the planned exploration program.


Phase Three of the exploration program started on July 21, 2013 and consists
mainly of field work, including geological mapping and soil survey with the
objective to collect additional geological and geochemical data to help identify
new drill targets on underexplored zones of the Hounde South Property. Mapping
and soil survey will be carried out along and across prominent lineament
structures revealed through interpretation of geophysical data. Of note is that
these structures are of similar trends to those spatially associated with
mineralization at the Kien and Kueredougou zones, suggesting they may constitute
valuable metallotects.


Phase Four of the exploration program is expected to commence in November 2013
after the end of the rainy season. Plans for this phase are to build on the
results of the Phase Three program and additional drilling targets identified
therein. Drilling will also be required around the Phase Two drill program
targets completed in April 2013, which, of the 35 reverse circulation boreholes
drilled, 27 intercepted significant gold grades, including 4 holes returning
grade x width intersections of greater than 40 (g/t)m and an interval grading up
to 100.5 (g/t). Targets identified in Phase Three will be in addition to
drilling that needs to be completed around the Kien, Karangosso I and
Kueredougou North zones (please see news release dated May 9, 2013). 


As part of Phase Four, a ground penetrating radar survey (GPRS) is planned to
help define the structures and the geological bodies that host the
mineralization. The GPRS could assist to determine certain details of the
structures i.e. dip and thickness of the structure and the number of structures.
This would aid in the placement of core drill holes to help define the geology.
Infill reverse circulation drill holes aiming at determining the potential size
and grade of the mineralized zones would follow. 


"We are extremely pleased to be progressing with the next phase of the
exploration program at Hounde South," stated Charles Mostert, CEO, Savary Gold.
"We have an excellent technical team in place and management is very excited to
continue proving its belief, that the Hounde South project hosts a deposit
similar to other deposits throughout the Hounde Greenstone Belt."


In addition, further to the Company's June 14, 2013 news release, Savary
announces that it has received final TSX Venture Exchange approval in relation
to its previously announced private placement financing. The Company notes that
final approval was received in relation to the sale of 14,567,000 common shares
at a price of $0.06 per common share for gross proceeds of $874,020. 


About Savary Gold 

Savary Gold is a Canadian company focused on exploring the Hounde South Gold
Property in Burkina Faso. The property is in the Birimian age Hounde Greenstone
Belt, which hosts Semafo's Mana mine and additional gold deposits which are
presently subject to extensive exploration efforts (including Endeavour Mining's
Hounde Project and Sarama's South Hounde Project). For additional information
please visit our website at www.savarygold.com and follow us on Facebook and
Twitter: @SavaryGold. 


Mr. Uwe Engelmann, Exploration Director - Minxcon (Pty) Ltd and a Consulting
Geologist to the Company, is a Qualified Person as defined under National
Instrument 43-101 and has reviewed and approved the scientific and technical
information presented in this release.


SAVARY GOLD CORP. 

On behalf of the Board

Charles Mostert, President & Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information 

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements or information relate to, among other
things, the next phase of the Company's exploration program and the exploration
potential of the Company's properties. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the risks associated with
outstanding litigation, if any; risks associated with project development; the
need for additional financing; operational risks associated with exploration;
fluctuations in gold and other commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution; the
volatility of our common share price and volume and other risks and
uncertainties, including those described in the Company's most recent Management
Discussion & Analysis report filed with the Canadian Securities Administrators
and available at www.sedar.com. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savary Gold Corp.
Michael McAllister
Manager, Investor Relations
416-309-2134
info@savarygold.com
www.savarygold.com

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