Mandalay Resources Corp (MND)

[NYBob]

ELGIN MINING RELEASES FURTHER DRILL RESULTS
AT THE BJÖRKDAL GOLD MINE -


Vancouver, British Columbia, January 14, 2014 –

Elgin Mining Inc. (“Elgin Mining” or the “Company”)
(TSX: ELG and ELG.WT) is pleased to announce further drill
results from its exploration program at its
wholly-owned Björkdal Gold Mine (“Björkdal Mine”) in Sweden.

This underground drilling is part of an ongoing program to
expand the underground resource and to define areas of higher-
grade mineralization.

The current drilling is a follow-up to the exploration work
reported during 2012 and 2013, which identified a new gold vein
system (“Lake Zone”) located adjacent to active mining areas
that are only 200 to 400 metres below surface.

This most recent drilling was planned to test the up-dip and
down-dip extensions of the Lake Zone vein system and the down-
dip extensions of the 610, 620 and Main Zone vein systems,
located to the southeast (see attached map).

The areas of drilling of 610, 620, and Main vein systems are in
zones that are actively being mined, and have produced very
good mill feed grades.

These zones are developed on several levels and the Company
plans to continue to open up these very prospective areas
for active mining later in 2014.

The Lake Zone is also being extensively developed and the
Company expects to be stoping a number of these veins starting
in Q2/2014.

The results were very positive for all vein systems drilled,
with some of the best intercepts to date

including (see Table 1 and Map 1):

http://www.elginmining.com/i/pdf/2014-01-14_NR.pdf

http://www.elginmining.com/s/NewsReleases.asp?ReportID=619401&_Type=News-Releases&_Title=Elgin-Mining-Releases-Further-Drill-Results-at-the-Bjrkdal-Gold-Mine

http://www.elginmining.com/i/pdf/InvestorFactSheet-June2013.pdf

http://www.elginmining.com/s/Presentation.asp

http://www.elginmining.com


God Bless