Just got this this am.....Richard



Dear Richard,

January 22, 2013


Veris Gold Corp. Drills 49.71 m Grading 8.26 g/t Au at Jerritt Canyon, Nevada
Vancouver, BC – January 22, 2013 – Veris Gold Corp. (TSX: VG) (OTCQB: YNGFF) (Frankfurt Xetra Exchange: NG6A) is pleased to announce assay results from its 2012 underground drilling program at the Jerritt Canyon gold operation in Nevada, USA.  Jerritt Canyon is operated by Queenstake Resources USA, Inc., (“Queenstake”) a wholly-owned subsidiary of Veris Gold Corp. (“VG” or the “Company”).
This news release reports upon final assay results for the recently completed Zone 5 resource conversion drill program at the company’s Smith underground mine.
·                     SMI-LX-818 intersected 42.39 meters assaying 7.89 g/t
·                     SMI-LX-820 intersected 38.12 meters assaying 5.38 g/t
·                     SMI-LX-821 intersected 51.54 meters assaying 5.69 g/t
·                     SMI-LX-822 intersected 49.71 meters assaying 8.26 g/t
·                     SMI-LX-825 intersected 29.89 meters assaying 8.37 g/t

The Smith Zone 5 drill program included 13 diamond core holes (SMI-LX-813 through SMI-LX-825) totaling 13,710 ft. (4,181.6 m).  The program commenced in early May, 2012 and concluded at the end of September, 2012.
Results from the first three drill holes (SMI-LX-813 through SMI-LX-815) were previously reported upon in a news release dated August 2, 2012.  Significant assay results from the remaining ten drill holes are listed in Table 1.

Table 1.  Significant 2012 Drill Hole Assay Results from Smith Mine:  Zone 5.
Hole ID From
Feet (ft)
Meters (m)
Feet (ft)
Meters (m)
Feet (ft)
Meters (m)
Gold Grade
SMI-LX-816 869.0 ft
265.04 m
918.0 ft
277.99 m
49.0 ft
14.94 m
0.228 opt
7.82 g/t
SMI-LX-817 524.0 ft
159.82 m
540.0 ft
164.70 m
16.0 ft
4.88 m
0.200 opt
6.86 g/t
SMI-LX-818 366.0 ft
111.63 m
426.0 ft
129.93 m
60.0 ft
18.30 m
0.188 opt
6.45 g/t
SMI-LX-818 822.0 ft
250.71 m
961.0 ft
293.10 m
139.0 ft.
42.39 m
0.230 opt
7.89 g/t
SMI-LX-819 381.0 ft
116.20 m
420.0 ft
39.0 ft
11.89 m
0.120 opt
4.12 g/t
SMI-LX-820 371.0 ft
113.15 m
450.0 ft
137.25 m
79.0 ft
24.09 m
0.102 opt
3.50 g/t
SMI-LX-820 665.0 ft
202.82 m
790.0 ft
240.95 m
125.0 ft
38.12 m
0.157 opt
5.38 g/t
SMI-LX-821 670.0 ft
204.35 m
839.0 ft
255.89 m
169.0 ft
51.54 m
0.166 opt
5.69 g/t
SMI-LX-821 1067.0 ft
325.43 m
1104.0 ft
336.72 m
37.0 ft
11.28 m
0.188 opt
6.45 g/t
SMI-LX-822 680.0 ft
207.40 m
843.0 ft
257.11 m
163.0 ft
49.71 m
0.241 opt
8.26 g/t
SMI-LX-823 936.0 ft
285.48 m
992.0 ft
302.56 m
56.0 ft
17.08 m
0.291 opt
9.98 g/t
SMI-LX-825 663.0 ft
202.21 m
761.0 ft
232.10 m
98.0 ft
29.89 m
0.244 opt
8.37 g/t

William Hofer, Chief Geologist for Jerritt Canyon, states, “The excellent results from this resource conversion drilling have exceeded the expectations as outlined by the year-end 2011 resource inventory for that area of Zone 5 at the Smith Mine.”
Todd Johnson, VP Exploration for Veris Gold states, “Underground drilling at the Smith Mine continues to define and upgrade resources to reserves which are on par with the historical excellent conversion rate at Jerritt Canyon. In other words, as we drill define these deep ore pods from underground on tight drill spacing (generally less than 50 feet), the inferred resources that are typically defined by wide-spaced deep surface drilling (generally greater than 150 feet spacing) are successfully converted into reserves. We are very excited with these results.”
Cross sectional and plan view maps illustrating the drilling and significant assay results for Zone 5, reported upon in this news release, can be found on the Company website here at http://www.verisgold.com/i/pdf/Smith_Mine_Zone5_UGmaps.pdf.
A table summarizing all of the assay results received to date, and reported upon in this news release, can be found on the Company website here at http://www.verisgold.com/i/pdf/Smith_Mine_2012_UG_drill_assays_update.pdf.
Assaying of all samples from the 2012 underground drill program reported in this news release were conducted by ALS Laboratory Group in Reno, Nevada using standard fire assay techniques.  Assay intercepts are reported as drilled.  True widths have not yet been calculated; given the geometry of the mineralization at Jerritt Canyon, the concept of true width is not always meaningful before delineation drilling has been completed.  The company’s 2010 and 2011 Quality Assurance and Quality Control protocols are available at the Company’s website:  http://www.verisgold.com/i/pdf/JC_Assay_Protocols.pdf
The information in this news release was compiled and reviewed by William Hofer B.Sc., Chief Geologist, Jerritt Canyon Mine. The information contained in this news release has been reviewed and approved by the Company’s Vice President of Exploration, Todd Johnson, M.Sc. (Qualified Person per the requirements of NI 43-101).
Veris Gold Corp. is a growing mid-tier North American gold producer in the business of developing and operating gold mines in geo-politically stable jurisdictions. The Company’s primary asset is the permitted and operating Jerritt Canyon gold mine located 50 miles north of Elko, Nevada, USA. The Company also holds a diverse portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the former producing Ketza River mine. The Company's focus has been on the re-development of the Jerritt Canyon mining and milling facility.

For more information please contact:

Veris Gold Corp.
Nicole Sanches
Investor Relations Manager
Tel: (604) 688-9427 ext 224
Email: [email protected]

CHF Investor Relations
Jeanny So
Director of Operations
Tel: (416) 868-1079 ext. 225
Email: [email protected]

Wolfgang Seybold
Tel: +49 711 25 35 92 40
Email: [email protected]

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.