Last updated on April 16, 2014 at 1:21 EDT

Veris Gold Corp. announces commissioning of new tailings facility at Jerritt Canyon

July 29, 2013

Toronto Stock Exchange: VG

VANCOUVER, July 29, 2013 /PRNewswire/ – Veris Gold Corp. (“Veris” or the “Company”) (TSX: VG) (OTCQB: YNGFF)
(Frankfurt Xetra Exchange: NG6A)
is pleased to announce that the Company has been authorized by the
Nevada Division of Environmental Protection to initiate the discharge
of tailings into the brand new state-of-the-art tailings facility
(“TSF2″) at the Company’s Jerritt Canyon Mine Operations located in
Elko County, Nevada. The Jerritt Canyon Mill is operated by Veris Gold
USA Inc., a wholly-owned subsidiary of Veris Gold Corp.

The new tailings facility is double-lined and also features recovery of
any leakage collected from the synthetic double-liner system, called
Drainliner, which is manufactured by Agru America located in Fernley,

John Barta, Environmental Manager for the Company, stated, “The environmental protection provided by TSF2 is the result of a major
environmental investment by Veris Gold. The new tailings facility,
along with the new proven air pollution controls for the roaster
stacks, the ore dryer and the refinery altogether significantly improve
the environmental performance of the Jerritt Canyon facilities.” 

Concurrent with the transition to the new TSF2, Veris will initiate
closure of the old tailings facility (“TSF1″), a facility constructed
more than 30 years ago with pollution controls consistent with the
requirements at the time. The transition to TSF2 addresses concerns
voiced by State and Federal environmental agencies regarding TSF1. 
Discharge of tailings slurry to TSF1 will cease by the end of 2013 so
that reclamation, supported by the existing bonding held by the
Company, can commence in the following year.

About Veris Gold Corp.

Veris Gold Corp. is a growing mid-tier North American gold producer in
the business of developing and operating gold mines in geo-politically
stable jurisdictions. The Company’s primary assets are the permitted
and operating Jerritt Canyon mill and gold mines located 50 miles north
of Elko, Nevada, USA. The Company’s primary focus is on the
re-development of the Jerritt Canyon mining and milling facility.  The
Company also holds a portfolio of precious metals properties in British
Columbia and the Yukon Territory, Canada, including the former
producing Ketza River mine.

On behalf of


R. Llee Chapman

President and CEO

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The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.   All material information may be
accessed at www.sedar.com.

Forward-Looking Statements This press release contains “forward-looking statements” and “forward
looking information” within the meaning of applicable securities laws.
All statements, other than statements of historical fact, including
without limitation, statements relating to plans for or intentions with
respect to the offering of Securities and the Company’s use of proceeds
from the sale of Securities are forward-looking statements. 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”,
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“believes”, or variations of such words and phrases or state that
certain actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “occur” or “be achieved”. By their nature,
forward-looking statements and information are based on assumptions and
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements, or industry
results, to be materially different from future results, performance or
achievements expressed or implied by such forward-looking information.
Such risks, uncertainties and other factors include among other things
the following: the Company’s ability to engage underwriters, dealers or
agents on terms and conditions deemed reasonable by the Company; the
need to satisfy regulatory and legal requirements with respect to any
offerings; gold price volatility; discrepancies between actual and
estimated production and mineral reserves and resources; the
speculative nature of gold exploration; mining operational and
development risk; and regulatory risks. See our Annual Information Form
for additional information on risks, uncertainties and other related
factors. Although the Company 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. The Company
does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
securities laws. 

SOURCE Veris Gold Corp.

Source: PR Newswire