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Pershing Gold Hires Dan Moore as Vice President and General Manager to Reopen the Relief Canyon Mine

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LAKEWOOD, Colo., Jan. 8, 2014 (GLOBE NEWSWIRE) -- Pershing Gold Corporation (OTCQB:PGLC) ("Pershing Gold" or the "Company") is pleased to announce that Daniel B. Moore, Nevada Professional Engineer, has joined the Company as Vice President and General Manager. Moore will play a key role in the planned reopening of the Relief Canyon Mine and heap leach gold processing facility in Pershing County, Nevada. Moore is a seasoned mining professional with over 27 years of experience in mining engineering and operations.

"In hiring Dan, Pershing Gold now has the complete range of in-house expertise to become a producer," commented Stephen D. Alfers, Pershing Gold CEO and Executive Chairman. "Dan's managerial, engineering, and technical work at a number of Nevada gold mines and heap leach operations make him well suited to lead Pershing Gold's path to production."

During his career, Moore has held leadership positions in Nevada for Pegasus Gold Corp. at the Florida Canyon Mine, which is located near Relief Canyon, and also for Cortez Gold Mine, Round Mountain Gold Corp., Kinross Gold Corp., and Allied Nevada Gold Corporation. A native Nevadan, Moore has a B.Sc. in Mining Engineering from the highly regarded Mackay School of Mines/University of Nevada, and is a Nevada Registered Professional Engineer.

"Dan has the right set of skills and experience to lead Pershing Gold's efforts to re-start mining and gold production at Relief Canyon and to realize our goal to become a Nevada gold producer," remarked Alfers. "We fully expect him to add Relief Canyon to his portfolio of Nevada mines that he has successfully managed and operated."

About Pershing Gold

Pershing Gold is an emerging Nevada gold producer uniquely positioned to create shareholder value by fast-track reopening of the Relief Canyon Mine, which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap leach processing facility. Pershing Gold's landholdings cover over 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.

CONTACT: Jack Perkins Vice President, Investor Relations 720-974-7254 investors@pershinggold.com www.PershingGold.com

Source:Pershing Gold Corporation