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ETL.V ·

DISTRIBUTION TO U.S. WIRE SERVICES Not Proceeding with Private Placement

Financings Mergers & Acquisitions

19718094.1

SAVANNAH GOLD CORP.

FOR IMMEDIATE RELEASE

Contact: Investor Relations January 13, 2017

Phone (604) 684-2181

[email protected]

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR

DISTRIBUTION TO U.S. WIRE SERVICES

Not Proceeding with Private Placement

Vancouver, BC - Friday, January 13, 2017 – Savannah Gold Corp. (TSXV – SAV.H) (the

“Company” or "Savannah") announces that the Company is not proceeding with t he

$750,000 non-brokered private placement previously announced July 22, 2016.

ON BEHALF OF THE BOARD OF DIRECTORS

Praveen Varshney, FCPA, FCA

President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Exchange) accept s responsibility for the adequacy or

accuracy of this release.