Savary Gold Closes $1 Million Financing

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

SAVARY GOLD CORP. ("Savary" or the "Company") (TSX VENTURE:SCA) has closed its
previously announced private placement financing through the sale of 16,667,000
common shares at a price of $0.06 per common share for gross proceeds of
$1,000,020 (see press release dated May 15, 2013). 


Savary intends to use the proceeds from the financing for continued exploration
of the Hounde South project in Burkina Faso and for general corporate purposes.
The Company has had remarkable success with its drilling program during the past
year and is excited to continue work proving its thesis, that the Hounde South
project hosts a deposit similar to other deposits currently producing or subject
to development throughout the Hounde Greenstone Belt.


The Common Shares issued by Savary are subject to statutory resale restrictions
for a period of four months and one day, until October 15, 2013. Closing of the
financing remains subject to receipt of all applicable regulatory approvals,
including final approval of the TSX Venture Exchange.


About Savary Gold

Savary Gold is a Canadian company with a tightly held capital structure and
totally focused on exploring the Hounde South Gold Property in Burkina Faso. The
property is in the Birimian age Hounde Greenstone Belt, which hosts Semafo's
Mana mine and additional gold deposits which are presently subject to extensive
exploration efforts (including Endeavour Mining's Hounde Project and Sarama's
South Hounde Project). For additional information please visit our website at
www.savarygold.com. 


SAVARY GOLD CORP.

On behalf of the Board

Charles Mostert, President & Chief Executive Officer

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. Forward-looking statements or information relate to, among other
things, the next phase of the Company's exploration program and the exploration
potential of the Company's properties. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the risks associated with
outstanding litigation, if any; risks associated with project development; the
need for additional financing; operational risks associated with exploration;
fluctuations in gold and other commodity prices; title matters; environmental
liability claims and insurance; reliance on key personnel; the potential for
conflicts of interest among certain officers, directors or promoters with
certain other projects; the absence of dividends; competition; dilution; the
volatility of our common share price and volume and other risks and
uncertainties, including those described in the Company's most recent Management
Discussion & Analysis report filed with the Canadian Securities Administrators
and available at www.sedar.com. Forward-looking statements are made based on
management's beliefs, estimates and opinions on the date that statements are
made and the Company undertakes no obligation to update forward-looking
statements if these beliefs, estimates and opinions or other circumstances
should change, except as required by law. Investors are cautioned against
attributing undue certainty to forward-looking statements.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "1933 Act"), or any state securities laws and may not be offered
or sold within the United States or to, or for the account or benefit of U.S.
persons (as defined in Regulation S under the 1933 Act) absent such registration
or an applicable exemption from such registration requirements.


Neither 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Savary Gold Corp.
Michael McAllister
Manager, Investor Relations
416-309-2134
info@savarygold.com
www.savarygold.com
Savary Gold Corp. (TSXV:SCA)
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