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VANCOUVER, April 25, 2013 /PRNewswire/ - Veris Gold Corp. (TSX: VG) (OTCBB: YNGFF) (Frankfurt Xetra Exchange:
NG6) is pleased to provide a production update for the fourth quarter of
2012 for its wholly-owned Jerritt Canyon gold mine and processing
facility in Elko County, Nevada. Jerritt Canyon is operated by
Queenstake Resources USA Ltd. ("Queenstake"), a wholly-owned subsidiary
of Veris Gold Corp. ("VGC" or the "Company").


In the fourth quarter of 2012 the operation recovered 35,042 ounces of
gold and shipped 31,754 ounces of gold from processing of underground
and stockpile ore at Jerritt Canyon. Randy Reichert, Co-CEO and COO,
commented, "The gold production achieved in the fourth quarter, while
slightly lower than the third quarter due to challenges faced with the
winter weather, continues to demonstrate that the Jerritt Canyon
operation is running well, producing close to targeted rates and is
continuing to operate at steady state levels. Looking ahead, we will
continue to ramp up to a run rate production of 16,000 ounces per month
by the end of December 2013."


Production for the quarter was hampered by delays in acquiring parts and
equipment, primarily a result of low working capital during the
quarter, resolved through the $15m financing announced on December 18,
2012. In addition, high amounts of snowfall negatively affected
haulage from SSX-Steer mine to the mill in the last half of December,
reducing the overall grade of the tons processed at the mill. With the
purchase of additional snow clearing equipment early in the first
quarter of 2013 the Company has been able to resume regular deliveries
of higher grade ore from the SSX-Steer mine, as well as bring down the
ore stockpiled in the fourth quarter of 2012.


Development of the underground mine at Starvation Canyon commenced in
the fourth quarter with 740 feet (226 metres) of development completed
to-date. Development is currently 30 feet (10 metres) away from the
ore body and development of a vent raise and a secondary escapeway will
commence in February 2013 with completion targeted for the following
month. This will allow for production to start as planned in March
2013 with full ramp up to 600 tons per day in the second quarter of
2013.


The Company has just completed planning for 2013 and gold production
from Jerritt Canyon operations is expected to be between 175,000 and
185,000 ounces depending on the timing of commencement of toll milling
of third party ores or concentrates and the amount of stockpiled ore
the Company processes in the interim.


For toll milling opportunities in 2013 and beyond, the Company is
currently testing two sources of ore and one source of concentrate.
After the testing is complete, the Company intends to pursue final
negotiations with the respective parties on a mid-to-long term
contract.


The Company's fourth quarter financial results will be released by March
15th and will be available on SEDAR, and our website


This news release was reviewed and approved by the Company's Co-CEO and
COO, Randy Reichert, M.Sc. P.Eng., the Qualified Person under NI 43-101
for purposes of this release.


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 asset is the permitted and
operating Jerritt Canyon gold mine located 50 miles north of Elko,
Nevada, USA. The Company also holds a diverse portfolio of precious
metals properties in British Columbia and the Yukon Territory, Canada,
including the former producing Ketza River mine. The Company's focus
has been on the re-development of the Jerritt Canyon mining and milling
facility.




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The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.


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",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"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.