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Veris Gold Corp. Announces Public Offering

Toronto Stock Exchange: VG

VANCOUVER, Nov. 18, 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, at a price of $0.475 per Unit, will be comprised of one common share of the Company (a " Unit Share") and one-quarter of one common share purchase warrant (each whole warrant, a " Warrant"). Each whole Warrant shall entitle the holder thereof to acquire one common share of the Company (a " Warrant Share") at an exercise price of $0.60 for the 36 months following the issuance of the Warrant.

Each Flow-Through Unit, at a price of $0.525 per 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-quarter of one Warrant (each whole warrant, a " FT Warrant"). Each whole FT Warrant shall entitle the holder thereof to acquire one common share of the Company (a " FT Warrant Share") at an exercise price of $0.60 for the 36 months following the issuance of the FT Warrant. (The exercise price of $0.6025 reflected in the preliminary prospectus supplement will be amended to $0.60 in the final prospectus supplement.)

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 (collectively, the " Agents"). The Company expects to close the Offering by November 27, 2013.

The Company intends to use the net proceeds of the Offering to (a) make payments under the forward gold purchase agreement to which the Company is a party, (b) upgrade and refurbish the dry mill equipment at its Jerritt Canyon mill operations, (c) complete the development of the underground mine facilities at the Saval 4 property, (d) fund exploration activities at the Company's Ketza River property from the net proceeds from the sale of Flow-Through Units, (e) fund bonding related to future reclamation obligations, and (f) fund general working capital.

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