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Veris Gold Corp. Announces Public Offering

Toronto Stock Exchange: VG

VANCOUVER, Aug. 8, 2013 /PRNewswire/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce a marketed public offering of units (the " Units") and flow-through units (the " Flow-Through Units"). The offering of the Units and the Flow-Through Units is referred to herein as the "Offering."

Each Unit will be comprised of one common share of the Company (a " Unit Share") and one half of one common share purchase warrant (each whole warrant, a " Warrant"). Each Flow-Through Unit will be comprised of one common share of the Company, which qualifies as a "flow-through share" within the meaning of the Income Tax Act ( Canada) (the " Flow-Through Shares") and one half of one Warrant. Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company (a " Warrant Share"), at an exercise price and exercise period to be determined in the context of the market. The pricing and number of Units and Flow-Through Units will be determined in the context of the Market.

The Offering will be conducted on a best efforts agency basis pursuant to an agency agreement to be entered into among the Company and a syndicate of agents led by Secutor Capital Management Corporation, such syndicate to include Global Hunter Securities LLC (collectively, the "Agents"). Global Hunter Securities LLC will offer the Units only in the United States.  The Company expects to close the Offering by August 15, 2013.

The Company intends to use the net proceeds of the Offering to complete the upgrade and refurbishment at its Jerritt Canyon mill operations, complete the development of the underground mine facilities at the Saval 4 property, fund the remaining bonding related to future reclamation obligations and for general working capital. Flow-Through proceeds will be used to further fund exploration activities at the Company's Ketza River property as it advances through the permitting phase.

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