SCA Savary Gold Corp

Savary Gold Corp. (TSX VENTURE:SCA) ("Savary") and Sarama Resources Ltd. (TSX
VENTURE:SWA) ("Sarama") are pleased to announce that they have signed a Heads of
Agreement (HoA) in respect of a proposed joint venture arrangement between
Sarama and Savary which will unify the operatorship of Savary's 500 square
kilometre Hounde South property and Sarama's 250 square kilometre Serakoro 1
property. The proposed JV company will be 65% owned by Savary and 35% owned by
Sarama. The combined properties host a 50 kilometre and a 24 kilometre long,
mining camp scale, gold-in-soil anomalies, which when tested, have returned
numerous gold-bearing intercepts that will require follow-up (see figure).
Drilling has commenced at the Karangosso zone where previous intercepts, hosted
by a fractured felsic intrusion, returned 10.18 g/t Au over 10.0 metres, 5.77
g/t Au over 8.0 metres and 1.82 g/t Au over 7.0 metres, in two holes (see
January 20, 2014 Savary news release).


Don Dudek, President and CEO of Savary commented; "This is a fantastic deal for
Savary shareholders. In addition to teaming up with a well respected mine
finding team and having access to their in-country operational team, Savary
shareholders will now have a majority interest in a property package which
essentially doubles the blue sky potential of the Hounde South property in one
of the most prospective gold belts in Burkina Faso. Both parties will also gain
from cross-marketing opportunities and the reduction of funding risk as the
project is moved forward. I am looking forward to working with the Sarama team
and receiving the first drill results from the current program in the coming
weeks." 


The HoA includes the following indicative terms:



--  Sarama will contribute its right and interest in its option to acquire
    the Serakoro 1 permit to the Joint Venture Company, once Savary has
    earned a 100% interest in its South Hounde permits;
      
--  Savary will contribute its Hounde South permits to the Joint Venture
    Company once Savary has earned a 100% interest in the property from
    Endeavour Mining Corporation ("EDV").
      
--  Upon Savary earning its interest in the Hounde South permits and the
    parties executing final binding documentation, Sarama shall pay its pro-
    rata share, 35%, of the current, maximum US$1,000,000 exploration
    program, which will result in Savary completing its remaining earn-in
    commitments to Endeavour.
      
--  Savary will receive 65% of the shares in the Joint Venture Company and
    Sarama will receive 35% of the shares in the Joint Venture Company.
    



The proposed joint venture arrangement remains subject to various conditions,
including without limitation, satisfactory due diligence, formal binding
documentation and regulatory approval.


About Savary Gold

Savary Gold is a Canadian exploration 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
that are presently subject to extensive exploration efforts (including Endeavour
Mining's Hounde Project, Roxgold's Yaramoko Project and Sarama's South Hounde
Project, which is adjacent to Savary Gold's property). For additional
information please visit our website at www.savarygold.com and follow us on
Facebook, Linked-In and Twitter: @SavaryGold.


Don Dudek, P.Geo., President and CEO of the Company and a qualified person under
National Instrument 43-101, has reviewed and approved the scientific and
technical information in this press release. 


SAVARY GOLD CORP. 

On behalf of the Board 

Don Dudek, President & Chief Executive Officer

Cautionary Notes

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.


This news release may contain forward-looking statements. These statements
include statements regarding the proposed terms for the joint venture, the
likelihood of executing formal documentation and forming joint venture as
scheduled or at all and the receipt of all necessary approvals. These statements
are based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statements or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements, except as
required by applicable laws.


To view the figure associated with this release, please visit the following
link: http://media3.marketwire.com/docs/932437i.pdf 


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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