NEWS

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to announce Barrick Gold Exploration (“Barrick”) has commenced drilling on Carlin’s Cortez Summit property (the “Property”), Eureka County, Nevada. The Company entered into an Exploration and Earn-In agreement with Barrick on Cortez Summit in November 2016. Under the terms of this agreement, Barrick has the right to earn a 70% interest in the Property by making expenditures totaling US$5 million by December 31, 2020, of which US$500,000 is a firm commitment to be completed by September 1, 2017. Upon expenditure by Barrick of US$5 million, a limited liability company will be formed to own the Property with membership interests owned 70% by Barrick and 30% by Carlin. Carlin retains a 2% net smelter return royalty in addition to its 30% interest.

Barrick has collared their initial core hole in an area that Carlin geologists refer to as the Fourmile structural zone in the southwest section of the Property. This target area has been defined on Carlin lands and adjacent Barrick property by geological, geochemical and alteration information generated by mapping and sampling. Shallow drilling by the Company of upper plate rocks and geophysical surveys indicate that the target structural zone projects under postmineral cover rocks.

Wayne Livingstone, Carlin’s President and CEO, states “This drilling program is testing an excellent Carlin-style structural, stratigraphic, and geochemical target in a setting adjacent to known large gold deposits with high grade mineralization. This is an opportunity for the Company to have this exciting target drill tested and to advance the project with Barrick as a partner.”

About Cortez Summit

Cortez Summit is located within 1 kilometer of Barrick’s 11.5 million ounce Goldrush resource, of which 9.6 million oz grading 9.6 grams per tonne (gpt) are reported to be in the measured and indicated category (Barrick 2016 Q4 Report). Cortez Summit is contiguous with Barrick claims on all sides and on the west boundary adjoins the Fourmile exploration target area described by Barrick in its February 22, 2016 News Release. Here, the Property’s potential was further augmented as a result of two high grade holes drilled in 2015 at Barrick’s Fourmile target north of their Goldrush resource located adjacent to Carlin’s Cortez Summit property. Barrick states that these holes have encountered mineralization “well above the average grade of the indicated and inferred resources at Goldrush”, for example 14.3 meters(m) grading 31.7 gpt and 5.8m grading 49.6 gpt (Barrick Feb. 22, 2016 news release). Barrick’s Fourmile success represents a different mineralization style than at Goldrush; although still hosted in similar lower plate stratigraphic units, it is within the contact metamorphic zone adjacent to the Mill Canyon stock. Barrick points out similarities in mineralization style to the Deep Star and Deep Post deposits on the Carlin Trend (Barrick Investor Day webcast presentation, Feb. 22, 2016). The high grade mineralization encountered by Barrick within the contact metamorphic zone is a positive development for the Company because this contact metamorphic zone is present on the Property and represents an additional attractive target for this drill program.

In addition to the classic, passive, Carlin-type replacement style mineralization displayed at other deposits in the area, Cortez Summit also has excellent potential for hosting higher grade and more structurally controlled mineralization in calc-silicate altered rocks within the metamorphic aureole of the Mill Canyon stock. Much of this target is blind, being covered by Miocene-age post-mineral basaltic andesite and interlayered gravels. A major structural feature that Carlin geologists refer to as the Fourmile structural zone trends for 1,370 m (4,500 ft.) within the western part of the Property, and extends an additional 6.5 kilometers (4 miles) on Barrick property to the Crescent Valley range front (Barrick 2016 Q4 webcast). Barrick has mapped surface alteration and detected geochemical anomalies for the length of this extension beyond Cortez Summit (Barrick 2016 Q4 webcast), which is consistent with what Carlin geologists have encountered on the west side of the Property. The Fourmile structural zone represents a highquality target for classic Carlin-style mineralization where it intersects the favorable carbonate stratigraphy. Additional prospective northwest-trending structural zones are located parallel and east of the Fourmile zone, although covered by the post-mineral Miocene basalt/gravel sequence. The Company’s 100% owned Cortez Summit Property consists of 142 unpatented claims centrally located on the Cortez Trend, in what is currently one of the most active gold exploration areas in Nevada. The Cortez Trend contains a major gold endowment that exceeds 50 million oz. total gold produced, reserves and resources (Nevada Bureau of Mines and Geology annual mineral reports, Barrick annual reports). Production in 2016 at Barrick’s Cortez district operations was reported to be 1.05 million ounces of gold at an all-in sustaining cost (AISC) of US$518 per oz (Barrick Q4 2016 Report). Barrick has advanced its Goldrush project though the prefeasibility stage, and envisions annual underground production of 450,000 oz at average AISC of US$660/oz. Barrick contemplates a mine life of 21 years with production beginning as early as 2021. The permitting process is scheduled to commence in 2018 (ref: Barrick news release Feb. 15, 2017), and permits to begin construction of the twin exploration declines have been received (Barrick 2016 Q4 webcast).

About Carlin

In addition to Cortez Summit, Carlin owns two additional properties in northern Nevada, both of which represent Carlin-type gold targets. The JDS property consists of 77 100% owned unpatented claims located in Eureka County, approximately 13 miles southeast of Cortez Summit. The Willow property consists of 89 100% owned unpatented claims located in northeast Nevada, northwest of the Long Canyon gold discovery in the Pequop Mountains, owned by Newmont Mining Corporation. The Company also controls, in a 50-50 joint venture with Constantine Metal Resources, Ltd., over six hundred square kilometers of claims covering precious metal and base metal targets in the Selwyn Basin, Yukon.

“K. Wayne Livingstone”
K. Wayne Livingstone,
President and Chief Executive Officer
Telephone: (604) 638-1402
Website: www.carlingold.com

Notes:

Neither the 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 news release.

The statements contained herein reflect the views of Carlin and may not reflect the views of Barrick or its affiliates.

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin.

Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placements, actual exploration results from the Cortez Summit project, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumption that the proposed exploration and earn-in agreement with Barrick will proceed as planned. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to report that it has completed a limited core drilling program on its Cortez Summit property (“Cortez Summit” or the “Property”), Eureka County, Nevada. The program consisted of entering and deepening one of the reverse circulation holes completed in 2012 on the west side of the Property and successfully established the presence of deeper, favorable ‘Lower Plate’ carbonate rocks within a prospective structural setting. Lower Plate rocks host the bulk of the gold mineralization in the Cortez district.

In September 2013 the Company re-entered vertical reverse circulation hole CS12-2 and deepened it from 1,760 ft. (537 m) to 4,032 ft. (1,229 m). Drilling was completed on October 25, 2013. Short intervals of anomalous gold values to 0.667 grams/tonne and Carlin-type pathfinder elements were encountered, as well as longer intervals of anomalous arsenic values (>100 ppm) ranging up to 130 ft. (40 m) of drilled thickness. The bottom 900 feet (274 m) consisted of variably calcareous mudstone/sandstone, and silty/sandy, laminated, variably carbonaceous limestone. This material locally displays Carlin-type alteration features such as decalcification, clay alteration and calcite veining. Carlin geologists are encouraged that favorable Lower Plate carbonate rocks are present near the projection of the gold-bearing Fourmile structural corridor, at depths consistent with some of the holes in the north portion of Barrick Gold Corporation’s neighboring Goldrush discovery.

The Company’s initial drill program in 2012 consisted of seven vertical reverse circulation holes totaling 11,720 feet (3,573 m.) ranging in depth between 1500 and 1800 feet (450 and 550 m.). All holes encountered Paleozoic sedimentary rocks which are now considered to be structurally and stratigraphically above the calcareous Lower Plate units. Short intervals of anomalous gold up to 0.534 grams/tonne with Carlin-type pathfinder elements were present in six of the seven holes drilled. Two holes with the longest anomalous arsenic intervals were drilled 1,900 feet (580 m) apart, and are located near the Fourmile structure.

The Company’s primary target is Carlin-style mineralization in a structural and stratigraphic setting in Paleozoic sedimentary rocks similar to that at the nearby Cortez Hills mine and the adjacent new Goldrush resource. Most of the target is blind, covered by Miocene-age post-mineral gravel and basaltic andesite. The most prominent structure identified to date at Cortez Summit is the Fourmile fault zone, a north-northwest trending structural corridor which trends for 4,500 feet (1,370 m) along the west side of the Property.

The Company is evaluating the recent core drilling program in the context of the 2012 reverse circulation drilling information, and is also reviewing existing ground and airborne geophysical survey data in an effort to enhance future drill targeting.

Cortez Summit Property Setting on Cortez Trend

Cortez Summit is centrally located in Eureka County on the Cortez Trend, in the middle of what has become the most active gold exploration area in Nevada. The Property consists of 142 100%-owned unpatented claims located in the southern Cortez Mountains between the historic Buckhorn and Horse Canyon mines. The east edge of the Property lies 2/3 mile (1 km) west of the Buckhorn mine, and the west edge of the Property lies 1.5 miles (2.5 km) east of the Horse Canyon mine. Barrick’s Cortez Hills operation (11 million oz gold pre-production reserve/resource) lies 4 miles (6.4 km) west of the Property. The Goldrush discovery has grown rapidly since the initial announcement on September 7, 2011, and as of December 31, 2012, the estimated resources reported by Barrick stood at 14.1 million ounces, with a grade of 0.129 oz per ton gold (4.4 grams/tonne). The resource is open in several directions, and Barrick has tracked mineralization northward towards the west side of Cortez Summit. Barrick has announced that they are advancing the project through prefeasibility, with a number of development options being considered (Barrick’s Q3 2013 report).

CARLIN’S PROPERTIES

Carlin has three projects in northern Nevada including Cortez Summit, all of which represent Carlin-type gold targets. The JDS property consists of 77 100% owned unpatented claims located in Eureka County, in an active exploration area approximately 13 miles southeast of Cortez Summit. The Willow property consists of 89 100% owned unpatented claims located in northeast Nevada, northwest of the new 2.6 million ounce Long Canyon gold deposit in the Pequop Mountains, owned by Newmont Mining Corporation. Newmont has recently staked claims adjacent to the Willow property.

Carlin also owns approximately 72,000 hectares (278 square miles) distributed over 12 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd. (TSXV: CEM). The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Notes:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin. Mr. Thomas supervised the QA/QC controls. TonaTec Exploration , LLC completed the core drilling. Core logging was completed on site and core was stored at a secure facility prior to being transported to Elko for core sampling. Carlin Trend Mining Services in Elko completed the core sampling under the supervision of Carlin personnel. Sampling consisted of cutting core with a diamond blade rock saw or splitting the material, depending on rock coherence. Core samples ranged from 2.7 to 6.5 feet and following cutting half the material was placed in polypropylene bags, with the other half placed back in their original core boxes for permanent storage. Samples were delivered to American Assay Laboratories facility in Sparks, Nevada for preparation and assay/geochemistry. Sample delivery was completed by either Carlin or American Assay Laboratories personnel. Gold was determined on prepared pulps by fire-assay fusion of a 30 gram sub-sample by ICP (American Assay Laboratory procedure Au FA30). 0.5 gram splits were analyzed for multi-element inductively-coupled plasma (ICP) atomic emission spectroscopy (American Assay Laboratory procedure ICP-2BX), following multi-acid digestion. The Company’s standards and blanks were regularly inserted into the sample stream.

Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this news release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placements, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to report that it has initiated a core drilling program on its Cortez Summit property (“Cortez Summit” or the “Property”), Eureka County, Nevada. The program will consist of entering and deepening one or two of the reverse circulation holes completed in 2012 on the west side of the Property and is designed to test deeper parts of the stratigraphic section. The two existing holes are vertical and are 1500 feet (457 m) and 1760 feet (536 m) deep. Approximately 1500 foot (457 m) deepening extensions are planned. The 2012 reverse circulation drilling confirmed Carlin-type geology, alteration and geochemistry in the limited area tested, and encountered Carlin-type pathfinder elements in six of the seven holes drilled. One of the deeper holes penetrated and bottomed in a 300 foot (90 m) interval of variably laminated calcareous siltstones. Carlin geologists have tentatively assigned this calcareous unit to the Devonian Horse Canyon Formation, which overlie the rocks believed to host the bulk of gold mineralization at Barrick Gold Corporation’s neighboring new Goldrush discovery. Goldrush lies less than a mile from the southwest corner of the Property.

Cortez Summit is centrally located in Eureka County on the Cortez Trend, in the middle of what has become the most active gold exploration area in Nevada. The Property consists of 142 100%-owned unpatented claims located in the southern Cortez Mountains between the historic Buckhorn and Horse Canyon mines. The east edge of the Property lies 2/3 mile (1 km) west of the Buckhorn mine, and the west edge of the Property lies 1.5 miles (2.5 km) east of the Horse Canyon mine. Barrick’s Cortez Hills operation (11 million oz gold pre-production reserve/resource) lies 4 miles (6.4 km) west of the Property. Goldrush has grown rapidly since the initial announcement on September 7, 2011 which stated a 3.5 million ounce inferred resource with a grade of 0.123 oz per ton gold (4.2 grams/tonne). As at December 31, 2012, the estimated resources reported by Barrick stood at 14.1 million ounces, with a grade of 0.129 oz per ton gold (4.4 grams/tonne). The resource is open in several directions. Barrick has statedthat the geology at the new discoveries is similar to its other deposits in the district. Barrick has announced that they are advancing the project through prefeasibility and has stated that a number of development options are being considered (Barrick Q2 2013 report).

CARLIN’S PROPERTIES

Carlin owns three projects in northern Nevada including Cortez Summit, all of which represent Carlin-type gold targets. The JDS property consists of 77 100% owned unpatented claims located in Eureka County, approximately 13 miles southeast of Cortez Summit. The Willow property consists of 89 100% owned unpatented claims located in northeast Nevada, northwestof the new 2.6 million ounce Long Canyon gold discovery in the Pequop Mountains, owned by Newmont Mining Corporation.

Carlin also owns approximately 82,000 hectares (315 square miles) distributed over 12 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd (TSXV: CEM).

The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Notes:
Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin. Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forwardlooking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to report that it has received analytical results from the recently completed initial drill program on its 100% owned Cortez Summit property (“Cortez Summit”), Eureka County, Nevada. The program consisted of seven vertical reverse circulation drill holes totaling 11,720 feet (3,573 m.) ranging in depth between 1500 and 1800 feet (450 and 550 m.). Drilling confirmed Carlin-type geology, alteration and geochemistry in the limited area tested. Anomalous gold with Carlin-type pathfinder elements is present in six of the seven holes drilled. One of the deeper holes penetrated and bottomed in a 300 foot interval of variably laminated calcareous siltstones and limestones. Plans are being formulated to drill test other areas of the property and to extend some of the initial holes by diamond drilling to test deeper parts of the stratigraphic section.

K. Wayne Livingstone, Carlin’s President and CEO, comments “This initial round of exploration has demonstrated the opportunity for Carlin-style mineralization under the Miocene basalts and gravels. We are currently working to expand our permit area to allow us to drill additional areas on the property closer to our southern and eastern boundaries with Barrick’s property. Cortez Summit is centrally located in the middle of what has become the most active gold exploration area in Nevada, and we look forward to continuing our exploration.”

Anomalous arsenic zones (>100 ppm) range up to 115 feet (35 m) in drilled thickness and contain values up to 1,530 ppm arsenic, 70 ppm antimony, 3 ppm thallium and 1.8 ppm mercury. Two holes with the longest anomalous arsenic intervals were drilled 1,900 feet (580 m) apart on the west side of the property, and are located in close proximity to a prominent north-northwest trending structure that trends for 4,500 feet (1,370 m) along the western side of the property.

All holes encountered Paleozoic sedimentary rocks. One hole was collared in the Paleozoic rocks on the west side of the property and the other six were drilled into Paleozoic rocks beneath younger Miocene basalts and gravels. Lithologies include grey-black siltstone, with lesser sandstone and chert, and a significant interval of variably laminated calcareous siltstones and limestones. Carlin geologists have tentatively assigned this calcareous unit to the Devonian Horse Canyon Formation, which overlie the rocks believed to host the bulk of Barrick’s Goldrush discovery. Carlin is evaluating deepening one or more of the existing holes to fully explore the prospective stratigraphy.

Additional rock chip sampling in conjunction with the drilling program expanded the previously identified area of anomalous gold values on the west side of the property, including a zone along the road cut at drill hole CS12-1 which averaged 0.175 ppm gold over 50 feet (15 m). This mineralized zone is located near the projection of the north-northwest structure mentioned above.

The Company is encouraged that the initial drill program, which focused on only a small portion of the property, has encountered favorable Carlin-type geology, alteration and geochemistry. Additional drilling is being planned on an expanded permit area.

JDS Property

The Company recently drilled three widely spaced vertical holes ranging in depth from 1,000 feet to 1140 feet on the JDS property. JDS is located 21 kilometers southeast of Cortez Summit along the southeast extension of the Cortez Gold Trend near the southernmost Paleozoic carbonate window in the trend. Variably calcareous Paleozoic lithologies were encountered in all three holes. Assay results are pending. The target area is covered by late Tertiary sedimentary rocks and alluvium and is defined by mercury gas and soil geochemistry data indicating potential buried mineralization in the northwest portion of the property. The geochemical target is coincident with a gravity high, which suggests relatively shallow bedrock. The mercury anomalies are considered important targets because of the known mercury association with Cortez Trend mineralization.

CARLIN’S NEVADA PROPERTIES

Carlin owns 100% of three properties in northern Nevada, all of which represent Carlin-type gold targets.

Cortez Summit Property

The Cortez Summit property consists of 142 claims located on the Cortez Trend in Nevada, adjacent to Barrick Gold Corporation’s (“Barrick’) recently announced gold discoveries, Red Hill and Gold Rush and the past producing Horse Canyon and Buckhorn gold deposits. The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources. Production in 2011 at Barrick’s Cortez district operations is reported to be 1.42 million ounces of gold.

On September 7, 2011 Barrick announced two new gold discoveries, Red Hill and Goldrush, on property adjacent to Cortez Summit. The closer Red Hill discovery was reported to contain an inferred resource of 3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the better holes reported at Red Hill contains 194 feet (59.1 m.) grading 0.90 ounces per ton gold, and is located 2,000 meters south-southwest of Cortez Summit. Barrick states that the Red Hill geology is similar to its other deposits in the district. Barrick’s operating Cortez Hills mine is located 6.5 kilometers west of the Cortez Summit.

On February 16, 2012, Barrick announced an indicated and inferred resource at Red Hill-Goldrush (now referred to by Barrick as Goldrush) of 7.0 million ounces of gold as of December 31, 2011, double the estimate reported just a few months earlier. The deposit is open for expansion and Barrick has been drilling steadily with several rigs throughout 2012.

Willow Property

The Willow property is located in northeast Nevada, northwest of the new Long Canyon gold discovery in the Pequop Mountains, which is part of the Newmont Mining Corporation acquisition in 2011 of Fronteer Gold Inc., a $2.3 billion transaction. Carlin-type targets have been defined in favorable silty carbonate rocks of the Roberts Mountain Formation within an area of significant structural preparation, alteration and Carlin-type geochemistry.

Yukon Joint Venture

Carlin also owns approximately 90,000 hectares distributed over 13 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd. The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Notes:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin. Mr. Thomas supervised the QA/QC controls. Five foot intervals of drill cuttings reverse circulation drill cuttings (usually 5-7kg, dry weight) were collected from the drill rig in polypropylene bags and were delivered directly, on-site, by Carlin personnel, to the American Assay Laboratories prep lab truck. American Assay Laboratories prep lab truck delivered the samples to their Elko, Nevada prep facility. Prepared pulps were shipped by American Assay Laboratories to their Sparks, Nevada lab where gold was determined by fire-assay fusion of a 30 g sub-sample by ICP (American Assay Laboratory procedure Au FA30). 0.5 gram splits were analyzed for multi-element inductively-coupled plasma (ICP) atomic emission spectroscopy (American Assay Laboratory procedure ICP-2BX), following multi-acid digestion. The Company’s standards and blanks were regularly inserted into the sample stream.

Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) reports that it has completed an initial phase I drill program on its 100% owned Cortez Summit property (“Cortez Summit”), Eureka County, Nevada. The initial program consisted of seven reverse circulation drill holes totaling 11,720 feet (3,573 m.) ranging in depth between 1500 and 1800 feet (450 and 550 m.). Drilling was completed by Envirotech Drilling based in Winnemucca, Nevada. One hole was collared in the Paleozoic rocks on the west side of the property and the other six were drilled into Paleozoic rocks beneath the younger Miocene basalts and gravels. The Company is awaiting assay results to evaluate follow-up drilling.

CARLIN’S NEVADA PROPERTIES

Carlin owns 100% of three properties in northern Nevada described below, all of which represent Carlin-type gold targets.

JDS Property

The Company has moved the drill rig to its JDS property, 21 kilometers southeast of Cortez Summit. It is located along the southeast extension of the Cortez Gold Trend near the southernmost Paleozoic carbonate window in the trend. The target area is covered by late Tertiary sedimentary rocks and alluvium and is defined by mercury gas and soil geochemistry data indicating potential buried mineralization in the northwest portion of the property. The geochemical target is coincident with a gravity high, which suggests relatively shallow bedrock. The mercury anomalies are considered important targets because of the known mercury association with Cortez Trend mineralization. The Company plans to drill two to three widely spaced drill holes to approximately 1,000 feet (300 m.), while it awaits assays on the initial Cortez Summit drilling program.

Cortez Summit Property

The Cortez Summit property consists of 142 claims located on the Cortez Trend in Nevada, adjacent to Barrick Gold Corporation’s (“Barrick’) recently announced gold discoveries, Red Hill and Gold Rush and the past producing Horse Canyon and Buckhorn gold deposits. The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources. Production in 2011 at Barrick’s Cortez district operations is reported to be 1.42 million ounces of gold.

On September 7, 2011 Barrick announced two new gold discoveries, Red Hill and Goldrush, on property adjacent to Cortez Summit. The closer Red Hill discovery was reported to contain an inferred resource of 3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the better holes reported at Red Hill contains 194 feet (59.1 m.) grading 0.90 ounces per ton gold, and is located 2,000 meters south-southwest of Cortez Summit. Barrick states that the Red Hill geology is similar to its other deposits in the district. Barrick’s operating Cortez Hills mine is located 6.5 kilometers west of the Cortez Summit.

On February 16, 2012, Barrick announced an indicated and inferred resource at Red Hill-Goldrush (now referred to by Barrick as Goldrush) of 7.0 million ounces of gold as of December 31, 2011, double the estimate reported just a few months earlier. The deposit is open for expansion and Barrick is now carrying out a planned $64 million exploration program for this area in 2012. Twelve drill rigs were observed at Red Hill – Goldrush in June. Mineralized holes occur within 1.5 kilometers southwest of Cortez Summit.

Company geologists believe that the geological environment at Cortez Summit is similar to Barrick’s nearby Carlin-type deposits. Sampling by Carlin along a prominent north-northwest trending structural zone on the west side of Cortez Summit has yielded gold values of 447 and 263 ppb in hydrothermally altered siltstones. Much of this target is blind, being covered by post-mineral gravel and basaltic andesite. The Company conducted a gravity survey to obtain information from the target terrain underneath the cover. The survey was successful in defining potentially favorable structures, which represent drill targets.

The Company is awaiting assay data on its recently completed initial drill program, at which point it will decide how to proceed with further evaluation.

Willow Property

The Willow property is located in northeast Nevada, northwest of the new Long Canyon gold discovery in the Pequop Mountains, which is part of the Newmont Mining Corporation acquisition in 2011 of Fronteer Gold Inc., a $2.3 billion transaction. Carlin-type targets have been defined in favorable silty carbonate rocks of the Roberts Mountain Formation within an area of significant structural preparation.

YUKON JOINT VENTURE

Carlin also owns approximately 90,000 hectares distributed over 13 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd. The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Note:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin.

Forward looking statements: This news release includes certain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to announce that it has initiated drilling on its 100% owned Cortez Summit property, Eureka County, Nevada. The initial phase of drilling has about 10 reverse-circulation drill holes planned with an estimated 15,000 feet (4,600 m). The results of this initial phase of drilling will be used to guide the next phase of follow up drilling. The Horse Canyon and Wenban Formations, which host Barrick’s nearby Red Hill and Goldrush gold discoveries, are targeted for this drilling by the Company. Drill pad construction has exposed additional altered Horse Canyon Formation rocks on the west side of the property.

K. Wayne Livingstone, Carlin’s President and CEO, comments: “We are excited to begin drilling at our Cortez Summit property. Our strategic location in the Cortez Trend adjacent to Barrick’s new Carlin-type gold discoveries represents a rare exploration opportunity. Carlin has the funds for a multi-phase drill program to follow up on good results.”

CARLIN’S NEVADA PROPERTIES

Carlin owns 100% of three properties in northern Nevada described below, all of which represent Carlin-type gold targets.

Cortez Summit Property

The Company’s Cortez Summit property (“Cortez Summit”) consists of 142 claims located on the Cortez Trend in Nevada, adjacent to Barrick’s recently announced gold discoveries, Red Hill and Gold Rush and the past producing Horse Canyon and Buckhorn gold deposits. The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources. Production in 2011 at Barrick’s Cortez district operations is reported to be 1.42 million ounces of gold.

On September 7, 2011 Barrick announced two new gold discoveries, Red Hill and Goldrush, on property adjacent to Cortez Summit. The closer Red Hill discovery was reported to contain an inferred resource of 3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the better holes reported at Red Hill contains 194 feet grading 0.90 ounces per ton gold, and is located 2,000 meters south-southwest of Cortez Summit. Barrick states that the Red Hill geology is similar to its other deposits in the district. Barrick’s operating Cortez Hills mine is located 6.5 kilometers west of the Cortez Summit.

On February 16, 2012, Barrick announced an indicated and inferred resource at Red Hill-Goldrush of 7.0 million ounces of gold as of December 31, 2011, double the estimate reported just a few months earlier. The deposit is open for expansion and Barrick is now carrying out a planned $64 million exploration program for this area in 2012. Twelve drill rigs were observed at Red Hill – Goldrush in June. Mineralized holes occur within 1.5 kilometers southwest of Cortez Summit.

Company geologists believe that the geological environment at Cortez Summit is similar to Barrick’s nearby Carlin-type deposits. The Devonian-age Horse Canyon and Wenban Formations are thought to potentially underlie the property at shallow to moderate depths. Portions of these two units host much of the gold resources in the district, including at Cortez Hills and Red Hill-Goldrush. Sampling along a prominent north-northwest trending structural zone on the west side of Cortez Summit has yielded gold values of 447 and 263 ppb in hydrothermally altered Horse Canyon rocks. This is part of an attractive untested structural and stratigraphic target in the southwest part of the property that will be the focus of the Company’s initial drilling program. Much of this target is blind, being covered by post-mineral gravel and basaltic andesite. The Company conducted a gravity survey to obtain information from the target terrain underneath the cover. The survey was successful in defining potentially favorable structures, which represent drill targets. A permit application for 24 drill sites on Cortez Summit has been approved by the U.S. Bureau of Land Management.

JDS Property

The JDS property is 18 kilometers southeast of Cortez Summit along the southeast extension of the Cortez Gold Trend near the southernmost Paleozoic carbonate window in the trend. The property is covered by late Tertiary sedimentary rocks and alluvium. Drill targets have been defined by gravity, soil and mercury-gas geochemistry. The Company recently received a drill permit.

Willow Property

The Willow property is located in northeast Nevada, northwest of the new Long Canyon gold discovery in the Pequop Mountains, which is part of the Newmont Mining Corporation acquisition in 2011 of Fronteer Gold Inc., a $2.3 billion transaction. Carlin-type targets have been defined in favorable silty carbonate rocks of the Roberts Mountain Formation within an area of significant structural preparation.

YUKON JOINT VENTURE

Carlin also owns approximately 90,000 hectares distributed over 12 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd. The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Note:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin.

Forward looking statements: This news release includes certain “forward-looking information within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to announce the appointment of two new directors to the Company’s board of directors, following the closing of last week’s $2.68 million private placement with Electrum Gold Exploration LLC (“Electrum”). Under the terms of its agreement unit purchase agreement, Electrum had the right to designate two directors on the Company’s board of directors. They are Mr. Kenneth Rye of Denver, Colorado and Mr. Jay Sujir of Vancouver.

Mr. Kenneth Rye is currently Managing Director for Global Evaluations for The Electrum Group LLC, which he joined in 2008. He has extensive experience in both the mineral exploration and financial advisory areas. His 25 plus years in the mining industry have included tenures with major gold producers including Homestake Mining Company, International Corona Corporation and Giant Yellowknife/Pamorex Minerals. Mr. Rye holds a B.Sc. in Earth Science from the University of Waterloo, an M.Sc. in Geology from the University of Western Ontario and an MBA from St. Mary’s College of California.

Mr. Jay Sujir is a partner of the law firm of Anfield Sujir Kennedy and Durno LLP of Vancouver, specializing in corporate finance and securities law. Mr. Sujir was called to the Bar of British Columbia in 1986 after receiving a Bachelor of Laws degree in 1985 and Bachelor of Arts (Economics and Philosophy) degree in 1981, both from the University of Victoria.

Mr. K. Wayne Livingstone, president of the Company, commented: “Carlin Gold is very fortunate to be able to add such exceptional technical and corporate expertise to its board, with the addition of Mr. Rye and Mr. Sujir.”

The Company also announces the issuance of an aggregate of 400,000 stock options to purchase 400,000 shares of the Company at an exercise price of $0.125 cents per share, expiring July 30, 2017. The stock options are being issued to Mr. Rye and Mr. Sujir and are subject to approval by regulatory authorities

About Carlin

Carlin is a junior resource company focused on gold exploration. The Company owns a 100% interest in three mineral properties in Nevada, U.S.A., all of which represent Carlin-type gold targets. The Company has an approved drilling permit for 24 drill sites on its Cortez Summit property, and it plans to begin drilling in August 2012.

The Cortez Summit property consists of 142 claims located on the Cortez Trend in Nevada, adjacent to Barrick’s recently announced gold discoveries, Red Hill and Gold Rush and the past producing Horse Canyon and Buckhorn gold deposits. The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources. Production in 2011 at Barrick’s Cortez district operations has been reported to be 1.42 million ounces of gold.

Company geologists believe that the geological environment at Cortez Summit is similar to Barrick’s nearby Carlin-type deposits. The Devonian-age Horse Canyon and Wenban Formations are thought to potentially underlie the property at shallow to moderate depths. Portions of these two units host much of the gold resources in the district, including at Cortez Hills and Red Hill-Goldrush. Sampling along a prominent north-northwest trending structural zone on the west side of Cortez Summit has yielded gold values of 447 and 263 ppb in hydrothermally altered Horse Canyon rocks. This is part of an attractive untested structural and stratigraphic target in the southwest part of the property that will be the focus of the Company’s initial drilling program. Much of this target is blind, being covered by post-mineral gravel and basaltic andesite. The Company conducted a gravity survey to obtain information from the target terrain underneath the cover. The survey was successful in defining potentially favorable structures, which represent drill targets.

Carlin also owns two other exploration properties in Nevada and a 50% joint venture interest in 3,960 mineral claims in Yukon, Canada

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Note:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin.

Forward looking statements: This news release includes certain “forward-looking information within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin” or the “Company”) is pleased to announce that it has closed a non-brokered private placement with Electrum Gold Exploration LLC (“Electrum”) consisting of 21,404,647 units at a price of $0.125 per unit for aggregate gross proceeds of $2.68 million. Each unit consists of one common share of Carlin and one common share purchase warrant of Carlin (“Warrant”). Each warrant is exercisable for a period of five years after the closing of the transaction at an exercise price of $0.16 per common share. Electrum is now Carlin’s largest shareholder, owning approximately 27% of the Company’s issued and outstanding common shares and approximately 40% of the Company on a fully diluted basis. Under the terms of the agreement, Electrum has the right to designate two nominees to the Company’s board of directors, and the right to participate on a pro rata basis in future financings of the Company.

The securities issued or issuable under the private placement are subject to a four-month plus one-day hold period expiring on November 25, 2012 in accordance with applicable securities laws.

The net proceeds of the financing will be primarily used for exploration on Carlin’s Nevada properties.

K. Wayne Livingstone, Carlin’s President and CEO, comments: “We are very pleased to have completed this financing with Electrum. This financing will allow Carlin to advance aggressively our Nevada exploration programs, particularly at our flagship Cortez Summit property, which is strategically located in the Cortez Trend and adjacent to Barrick’s new gold discoveries in the district.”

NEVADA PROPERTIES

Carlin owns 100% of three properties in northern Nevada described below, all of which represent Carlin-type gold target.

Cortez Summit Property

The Company’s primary focus is on its Cortez Summit property (“Cortez Summit”), which consists of 142 claims located on the Cortez Trend in Nevada, adjacent to Barrick’s recently announced gold discoveries, Red Hill and Gold Rush and the past producing Horse Canyon and Buckhorn gold deposits. The Cortez Trend contains a major gold endowment that exceeds 40 million ounces total gold produced, reserves and resources. Production in 2011 at Barrick’s Cortez district operations is reported to be 1.42 million ounces of gold.

On September 7, 2011 Barrick announced two new gold discoveries, Red Hill and Goldrush, on property adjacent to Cortez Summit. The closer Red Hill discovery was reported to contain an inferred resource of 3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the better holes reported at Red Hill contains 194 feet grading 0.90 ounces per ton gold, and is located 2,000 meters south-southwest of Cortez Summit. Barrick states that the Red Hill geology is similar to its other deposits in the district. Barrick’s operating Cortez Hills mine is located 6.5 kilometers west of the Cortez Summit.

On February 16, 2012, Barrick announced an indicated and inferred resource at Red Hill-Goldrush of 7.0 million ounces of gold as of December 31, 2011, double the estimate reported just a few months earlier. The deposit is open for expansion and Barrick is now carrying out a planned $64 million exploration program for this area in 2012. Twelve drill rigs were observed at Red Hill – Goldrush in June. Mineralized holes occur within 1.5 kilometers southwest of Cortez Summit.

Company geologists believe that the geological environment at Cortez Summit is similar to Barrick’s nearby Carlin-type deposits. The Devonian-age Horse Canyon and Wenban Formations are thought to potentially underlie the property at shallow to moderate depths. Portions of these two units host much of the gold resources in the district, including at Cortez Hills and Red Hill-Goldrush. Sampling along a prominent north-northwest trending structural zone on the west side of Cortez Summit has yielded gold values of 447 and 263 ppb in hydrothermally altered Horse Canyon rocks. This is part of an attractive untested structural and stratigraphic target in the southwest part of the property that will be the focus of the Company’s initial drilling program. Much of this target is blind, being covered by post-mineral gravel and basaltic andesite. The Company conducted a gravity survey to obtain information from the target terrain underneath the cover. The survey was successful in defining potentially favorable structures, which represent drill targets. A permit application for 24 drill sites on Cortez Summit has been approved by the U.S. Bureau of Land Management.

JDS Property

The JDS property is 18 kilometers southeast of Cortez Summit along the southeast extension of the Cortez Gold Trend near the southernmost Paleozoic carbonate window in the trend. The property is covered by late Tertiary sedimentary rocks and alluvium. Drill targets have been defined by gravity, soil and mercury-gas geochemistry. Drill permitting, for JDS, is in progress.

Willow Property

The Willow property is located in northeast Nevada, northwest of the new Long Canyon gold discovery in the Pequop Mountains, which is part of the Newmont Mining Corporation acquisition in 2011 of Fronteer Gold Inc., a $2.3 billion transaction. Carlin-type targets have been defined in favorable silty carbonate rocks of the Roberts Mountain Formation within an area of significant structural preparation.

YUKON JOINT VENTURE

Carlin also owns approximately 90,000 hectares distributed over 12 project areas in Yukon, in a 50/50 joint venture with Constantine Metal Resources Ltd. The properties are early stage, with the initial field evaluation program completed in 2011. Several significant gold anomalies have been identified to date.

About Electrum

Electrum is a member of the privately-held Electrum Group of Companies, which are involved in precious metals exploration and development around the world. Members of the Electrum Group include Electrum Ltd., which holds a large and diversified portfolio of exploration properties in the Americas, Africa, and Eastern Europe; Electrum Strategic Holdings LLC, which owns a strategic stake in Gabriel Resources Ltd., the owner of 80.5% of the Rosia Montana gold project in Romania; Electrum Strategic Resources LLC, which owns substantial interests in NovaGold Resources Inc., which owns a 50% interest in the Donlin Gold Project in Southwest Alaska, and NovaCopper Inc., the owner of the Ambler project, a high-grade copper-zinc-lead-gold-silver property in Northwest Alaska; Sunshine Silver Mines Corporation, the owner of the historic Sunshine Mine located in the Idaho Silver Valley as well as significant silver properties in Mexico; Electrum Strategic Acquisitions LLC, the owner of a significant interest in Sunward Resources Ltd., a company focused on the exploration of gold/copper porphyry projects in Columbia; and The Electrum Group LLC, a New York-based investment, advisory and asset management firm with a principal focus on the natural resources sector.

“K. Wayne Livingstone”

K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402

Website: www.carlingold.com

Note:

Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this news release on behalf of Carlin.

Forward looking statements: This news release includes certain “forward-looking information within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively “forward looking statements”).” Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Carlin’s expectations include availability of capital and financing in connection with future private placement, regulatory approval, actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

Neither the 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 news release.

Vancouver, British Columbia – Carlin Gold Corporation (TSX Venture, CGD), (“Carlin”
or the “Company”) announces the issuance of 1,400,000 stock options to purchase 1,400,000shares of the Company at an exercise price of $0.125 cents per share, expiring June 18, 2017.The stock options are being issued to directors, officers and employees of the Company and are subject to approval by regulatory authorities.

The Company would also like to remind its shareholders that its annual general meeting of shareholders will be held at the offices of DuMoulin Black LLP, 10th Floor, 595 Howe Street, Vancouver, British Columbia, on July 10, 2012, at the hour of 11:00 a.m., Vancouver time. Persons who were registered shareholders at the close of business on June 8, 2012 will be entitled to vote at the Meeting and will be entitled to one vote for each share held.

About Carlin

Carlin is a junior resource company focused on gold exploration. The Company owns a 100% interest in three mineral properties in Nevada, U.S.A., all of which represent Carlin-type gold targets. Carlin also owns a 50% joint venture interest in 3,960 mineral claims in Yukon, Canada.

“K. Wayne Livingstone”
K. Wayne Livingstone, President and Chief Executive Officer

Telephone: (604) 638-1402
Website: www.carlingold.com

Note:

Neither the 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 news release.