Integra Gold Announces $14.6 Million Investment by Eldorado Gold

VANCOUVER, BC--(August 18, 2015) -
Press Release Highlights:

• Eldorado Gold to invest $14.6 million for a 15.0% pro forma interest on an undiluted basis
• Eldorado Gold subscribing for 52.1 million common shares at a price of $0.28 per share significantly strengthening Integra's balance sheet
• Integra to substantially increase the size of the Triangle Zone exploration and expansion drill program among other initiatives

Integra Gold Corp. (TSX VENTURE: ICG) (ICGQF) ("Integra" or the "Company") is pleased to announce that it has entered into a share purchase agreement with Eldorado Gold Corporation ("Eldorado") whereby Eldorado will make a $14.6 million strategic investment in Integra by way of a non-brokered private placement of common shares of Integra (the "Private Placement"). As a result of the Private Placement, Eldorado will hold 15.0% of Integra's issued and outstanding common shares on an undiluted basis.

Under the terms of the share purchase agreement, Eldorado will purchase a total of 52,058,200 common shares of Integra (the "Common Shares") at a price of $0.28 per share (the "Subscription Price") for gross proceeds of $14,576,296. The Subscription Price represents a 5.7% premium to the closing price and 11.0% premium to the 20-day volume weighted average price of Integra on the TSX Venture Exchange as of August 17, 2015.

"Recent drill results from the Lamaque Project, and specifically the Triangle Zone, continue to demonstrate the excellent upside potential of the deposit, which is situated in the world-class gold district of Val-d'Or, Quebec. The Eldorado investment allows us to substantially increase our current program with the objective of enhancing our confidence in existing mineral resources and adding to an already substantial gold resource base. With five drill rigs operational by the end of the month and almost 100,000 metres of planned drilling in 2015, this investment provides us with the financial resources to more rapidly move forward with an active fall and winter drill program which is anticipated to include ten operating drills at the project," commented Stephen de Jong, President and CEO of Integra.