PXA Phoenix Gold Resources Corp

Phoenix Gold Resources Corp. (TSX VENTURE:PXA) ("Phoenix Gold" or the "Company")
announced today that it has engaged CHF Investor Relations ("CHF"), a highly
regarded Canadian investor relations firm headquartered in Toronto, as its IR
partner. 


"We are delighted and thankful to have completed the financing to allow trading
of the Phoenix Gold shares. Exploration will commence immediately on the Plumas
Gold project in Nevada, just bordering Newmont's Phoenix open pit mine. Being in
the back yard of one of Newmont's largest producing assets is exciting and we
look forward to keeping shareholders and the investment community apprised of
our activities with the expertise of CHF Investor Relations" commented Glenn
Laing, President and CEO of Phoenix Gold.


Effective immediately, the services agreement for investor relations is for a
term ending on April 30th, 2016 whereby three months' termination notice shall
apply after the first anniversary. Under the terms of the services agreement,
which is subject to TSX Venture Exchange approval, CHF will receive monthly fees
of $6,000 and reimbursement of disbursements. The Company has granted CHF
600,000 stock options (the "Options"), exercisable for a period of five years
from the date of grant at an exercise price of $0.10 per share, in accordance
with stock exchange rules. The Options will vest quarterly, with a five-year
maximum term. As is required for by TSX Venture Exchange (the "Exchange")
policies, upon termination of the services agreement, any vested options will be
cancelled after 30 days.


Prior to the grant of options outlined above, CHF had no direct or indirect
interest in the Company or its securities; however, CHF's CEO Cathy Hume
invested personally in the placement concurrent with the Company's qualifying
transaction for its listing on the Exchange.


About Phoenix Gold Resources Corp.

Phoenix Gold Resources Corp. (TSX VENTURE:PXA) is a Canadian exploration company
with strategically located properties in Nevada's prolific Battle Mountain
district. These projects border the boundaries of Newmont's producing
Phoenix-Fortitude Gold/Copper mine. With a defined strategy to delineate
resources and create value to shareholders, Phoenix Gold has an experienced
management team with excellent track record of discoveries, including its most
recent project being the Condor Gold Project in Ecuador, which management has
proven significant new gold and copper resources for Ecuador Gold and Copper
Corp. (TSXV: EGX). 


About CHF Investor Relations

CHF adds substantial financial and investment acumen and experience to emerging
public companies as an outsourced, low-cost option. CHF serves an international
portfolio of TSX/TSX Venture and CNSX listed companies operating in a broad
range of industries including mineral exploration and producers, oil & gas,
industrial products and services, high-tech and special situations sectors.
Services include IR, Media Relations and Market Liquidity services for public
companies as well as consulting for companies about to enter the public domain.


To receive Company news via email, contact jeanny@chfir.com and mention "Phoenix
Gold News" in the subject line.


Neither the 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: 
Phoenix Gold Corp.
Glenn Laing
President & CEO
+1 (647) 865 3101
glaing@phoenixgoldresources.com


CHF Investor Relations
Jeanny So
Investor Relations
+1 (416) 868 1079 ext. 225
jeanny@chfir.com

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