Toronto Stock Exchange: VG

VANCOUVER, March 31, 2014 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) announces that, because of delays in completing its audited financial statements to December 31, 2013, the Company has applied for, and has been granted, a Management Cease Trade Order by the British Columbia Securities Commission. Because of the delays, the Company will file its annual audited financial statements, management's discussion and analysis, annual information form and CEO and CFO certificates (collectively, the "2013 Annual Audited Financial Statements") after the filing deadline of March 31, 2014 as prescribed by National Instrument 51-102 - Continuous Disclosure Obligations ("NI 51-102"). The audit is now nearing completion and the Company anticipates the filing of the 2013 Annual Audited Financial Statements on or before April 10, 2014. The Company confirms that there are no insolvency proceedings against it as at the date of this news release. The Company further confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as at the date hereof.

Until the Company completes the filing of the 2013 Annual Audited Financial Statements, Veris will comply with the alternative information guidelines set out in National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults for issuers who have failed to comply with a specified continuous disclosure requirement within the times prescribed by applicable securities laws. The guidelines, among other things, require Veris to issue bi-weekly default status reports by way of a news release so long as the 2013 Annual Audited Financial Statements have not been filed.

During the currency of the management cease trade order, the general investing public will continue to be able to trade in the Company's listed common shares, however, the Company's Chief Executive Officer, Chief Financial Officer and such other directors, officers and persons as determined by the applicable regulatory authorities, will not be able to trade Veris shares.

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 processing plant 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 processing plant. The Company also holds a portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the Ketza River Property.

On behalf of

"VERIS GOLD CORP."

François Marland
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.