Golconda Announces Closing of Asset Sale

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Golconda Resources Ltd. (the "Corporation" or "Golconda") (TSX VENTURE:GA) is
pleased to announce that further to its press release dated May 14, 2013 and
subsequent TSX Venture Exchange approval, its wholly-owned subsidiary, Lyncorp
Drilling Services Inc. ("Lyncorp Drilling") has successfully closed the sale of
four hard-rock drilling rigs and related inventory and equipment to Lyncorp
International Ltd. ("Lyncorp International") in consideration of Lyncorp
International reducing the amount owed to it by Lyncorp Drilling by $750,000.
The total indebtedness of Lyncorp Drilling to Lyncorp International as at
December 31, 2012 and prior to giving effect to the Transaction was $3,192,773.


Lyncorp International is controlled by David Mullen, a director of the
Corporation. Together, David Mullen and Lyncorp International hold approximately
48.5% of the outstanding common shares of the Corporation. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Golconda Resources Ltd.
David Orr
(403) 539-4440
dorr@golconda.ca
www.golcondaresources.com

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