Ressources Appalaches (TSX VENTURE:APP)(FRANKFURT:OU3) is pleased to announce
the closing (the "Closing") of the second tranche of its previously announced
loan financing of US$10 M provided by New York based Lascaux Resource Capital
Partners, LLC. A first tranche ("Tranche A") of US$2.5 M, less third party fees
and expenses, was advanced to the Company in May 2013 and the second tranche
("Tranche B") of US$7.5 M, less prepaid interest of US$800,000, a structuring
payment of US$300,000 and other third party fees and expenses, was advanced at
Closing. 


Path to Production

The loan financing of US$10 M is expected to provide sufficient funds to
complete the refurbishment of the Dufferin Mine and advance the project to gold
production. Start of commissioning is currently projected for approximately 4
months, with another 4 months of mining & milling ramp-up operations. 


The targeted first stage of production stands at 300 tonnes per day (TPD). This
targeted output was reviewed by MineTech International as part of the financing
due diligence process.


Financing Details

The financing of US$10 M, is being made through an Ontario limited partnership
(the "Ontario LP"). The financing will bear interest at a rate of 8% per annum
starting the 9th month after Tranche B is advanced and is payable in cash. The
financing is amortized by the delivery of a total of 10,125 ounces of gold over
a period of 27 months starting the 9th month following the advance of Tranche B.



In consideration for the financing, the Company issued 1,000,000 shares to the
Ontario LP in May 2013 and issued an additional 3,500,000 shares to the Ontario
LP at Closing of Tranche B. 


The financing, which is secured by the Company's assets, will be used to resume
gold production at the Dufferin Mine project in Nova Scotia (see press releases
of November 28, 2012 and March 4, 2013).


The Company has entered into an off-take agreement with the Ontario LP for all
production from the Dufferin Mine on market based pricing. The Company will have
the option to buy back the off-take for US$2 M one year after the fulfillment of
the 10,125 ounces of gold deliveries. 


Axiom Capital Management Inc. a broker-dealer based in New York, is receiving a
finder's fee consisting of an aggregate 5,000,000 shares of the Company, of
which 2,000,000 shares were issued in May 2013 and 3,000,000 shares were issued
at Closing, and cash equal to 5% of the amount advanced under the Loan.


About MineTech International

MineTech International Limited has served the Canadian and International mining
markets since its founding in 1989. Staffed by experienced engineers and
geologists, it is located in Halifax, Canada.


MineTech is an independent, employee-owned consultancy capable of delivering
professional results for a wide range of mining and geological problems,
including assistance with mine exploration, design, permitting and operations.


About Lascaux Resource Capital Partners, LLC

Lascaux Resource Capital Partners, LLC is the general partner of Lascaux
Resource Capital Fund I L.P. which is dedicated to providing production based
financing to enable smaller mining companies to put their assets into
production. 


About Ressources Appalaches

Since it was created in 1994, the goal of Ressources Appalaches has been to
discover and develop deposits of base and precious metals in Canada with an
expertise targeted towards the Appalachian geological formation in Quebec and
Nova Scotia. The Company is mainly focused on the exploration and development of
the Dufferin Gold Mine in Nova Scotia. 


Photos of the Dufferin Mine and tis facilities are available on the Company's
website at: www.ressourcesappalaches.com. 


The above mining & milling information of this release have been verified by
MineTech International's Patrick Hannon, M.A.Sc., P.Eng. and Douglas Roy,
M.A.Sc., P.Eng., both reviewers are independent of Ressources Appalaches.


The contents of this press release were prepared and reviewed by Alain Hupe,
Eng. a Qualified Person as defined in NI 43-101. Neither the TSX Venture
Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts any responsibility for the
adequacy or accuracy of this release. 


This press release may contain forward-looking statements that include elements
of risk and uncertainty. Consequently, actual results may differ substantially
from those anticipated in such statements. These risks and uncertainties are
described in the quarterly and annual reports, and in the documents submitted to
the securities administration. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Alain Hupe, Eng.
President
418-724-0901
info@ressourcesappalaches.com


Jean-Claude Morel
Executive Vice-President & COO
418-724-0901
info@ressourcesappalaches.com

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