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Golden Reign Trenching Doubles Arras Zone Strike Length, Intersects High-Grade Gold

Drill Results Exploration Programs Sampling & Geoscience Results

Suite 501 - 595 Howe Street Vancouver, BC V6C 2T5 Tel: (604) 685-4655 Fax: (604) 685-4675 Toll Free: 1-888-685-4655

October 8, 2013 NEWS RELEASE - #13-21 TSX- V: GRR

GOLDEN REIGN TRENCHING DOUBLES ARRAS ZONE STRIKE LENGTH, INTERSECTS HIGH-GRADE GOLD

Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) is very pleased to announce further trenching results from its San Albino Gold Deposit, located in the Southern District of its San Albino- Murra Gold Property (the “Property”), Nueva Segovia, Nicaragua. This work is part of the current program to increase open-pittable resources at the San Albino Gold Deposit.

Trenching of the Arras Zone has successfully confirmed the continuation of near-surface high-grade, openpittable material. Excavation of additional trenches has doubled the surface exposure of the Arras Zone from 130 metres to over 260 metres. The average depth of the trenches is 1.8 metres, with the mineralization intersected at a depth of 1.0 to 1.5 metres. The Arras Zone is one of three zones comprising the Company’s NI 43-101 compliant San Albino Gold Deposit resource estimate (“NI 43-101”).

Excellent results were received from four trenches - AR13-TR-6, AR13-TR-12, AR13-TR-13 and AR13-TR-15 - that trace the northeast extension of the Arras Zone in an area previously untested by trenching or drilling. Exploration pits excavated at three trenches – AR13-TR-6, AR13-TR-12 and AR13-TR-13 – also intersected extremely high-grade material, including 70.94 g/t (2.06 oz/ton) gold and 196.0 g/t (5.7 oz/ton) silver over 2.0 metres. The Arras Zone remains open to the northeast.

Trench AR13-TR-7, located to the south, intersected a highly mineralized Arras Zone over true-width intervals ranging from 1.4 to 4.0 metres. An exploration pit excavated at this trench exposed some exceptionally highgrade material, including 103.06 g/t (3 oz/ton) gold and 123.4 g/t (3.6 oz/ton) silver over 3.3 metres of true-

width.

Management is extremely encouraged by the continued high-grade trenching and exploration pit results which will increase open-pittable resources at the San Albino Gold Deposit.

Highlights from 2013 exploration pits include:

  • AR13-TR-6 3.88 g/t gold and 11.9 g/t silver over 6.0 metres and 2.44 g/t gold and 9.4 g/t silver over 5.0 metres
  • AR13-TR-7 103.06 g/t gold and 123.4 g/t silver over 3.3 metres and 49.68 g/t gold and 78.0 g/t silver over 1.5 metres and 42.68 g/t gold and 80.0 g/t silver over 3.8 metres and 31.20 g/t gold and 77.9 g/t silver over 4.0 metres and 31.18 g/t gold and 59.6 g/t silver over 4.0 metres and 28.32 g/t gold and 27.6 g/t silver over 3.4 metres and 24.64 g/t gold and 20.0 g/t silver over 3.4 metres and 21.38 g/t gold and 47.8 g/t silver over 3.2 metres and 20.53 g/t gold and 33.1 g/t silver over 8.0 metres and 14.36 g/t gold and 20.5 g/t silver over 6.0 metres
  • AR13-TR-12 22.81 g/t gold and 22.1 g/t silver over 1.4 metres and 18.21 g/t gold and 63.3 g/t silver over 3.8 metres and 17.13 g/t gold and 44.3 g/t silver over 3.7 metres and 6.65 g/t gold and 30.1 g/t silver over 2.8 metres

and 3.14 g/t gold and 15.8 g/t silver over 10.0 metres

  • AR13-TR-13 70.94 g/t gold and 194.0 g/t silver over 2.0 metres and 69.95 g/t gold and 98.9 g/t silver over 2.0 metres and 54.44 g/t gold and 86.4 g/t silver over 4.0 metres and 52.43 g/t gold and 170.0 g/t silver over 1.7 metres and 31.10 g/t gold and 175.0 g/t silver over 1.8 metres and 29.56 g/t gold and 56.2 g/t silver over 1.5 metres and 19.22 g/t gold and 36.9 g/t silver over 4.0 metres and 8.60 g/t gold and 14.9 g/t silver over 10.0 metres

Highlights from 2013 trenching include:

  • AR13-TR-6 23.49 g/t gold and 33.5 g/t silver over 4.0 metres

including 43.60 g/t gold and 62.6 g/t silver over 2.0 metres

  • AR13-TR-7 39.68 g/t gold and 47.2 g/t silver over 1.6 metres and 24.62 g/t gold and 29.6 g/t silver over 4.0 metres and 20.28 g/t gold and 20.2 g/t silver over 2.9 metres and 18.31 g/t gold and 44.0 g/t silver over 9.0 metres and 14.74 g/t gold and 22.0 g/t silver over 9.0 metres and 13.46 g/t gold and 17.1 g/t silver over 3.2 metres and 13.22 g/t gold and 22.0 g/t silver over 2.8 metres and 10.65 g/t gold and 23.2 g/t silver over 4.0 metres and 6.53 g/t gold and 14.0 g/t silver over 6.0 metres
  • AR13-TR-12 14.67 g/t gold and 25.5 g/t silver over 2.0 metres and 4.34 g/t gold and 7.5 g/t silver over 4.0 metres
  • AR13-TR-13 13.40 g/t gold and 5.5 g/t silver over 2.0 metres
  • AR13-TR-15 6.29 g/t gold and 6.6 g/t silver over 6.0 metres

For comprehensive results from trenching and exploration pits please see attached table.

Results from the current program will be included in an updated NI 43-101 planned for Winter 2013.

Qualified Person

David Reid, P.Geo, a geologist and qualified person (as defined under NI 43-101) has read and approved the technical information contained in this news release.

On behalf of the Board,

“Kim Evans”

Kim Evans, CGA President & CEO

For additional information please visit our website at www.goldenreign.com and SEDAR www.sedar.com.

Forward-Looking Statements: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Such forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to political risks involving the Company’s exploration and development of mineral properties interests, the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, the inability or failure to obtain adequate financing on a timely basis and other risks and uncertainties. Such information contained herein represents management’s best judgment as of the date hereof, based on information currently available.

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.

Results from 2013 Trenching and Exploration Pits – San Albino Gold Deposit

TrenchSampleFromToWidthDescriptionAuAg
No.No.(m)(m)(m)(g/t)(g/t)
AR13-TR-061182640.01.01.0floor sample in mineralized phyllites with quartz material21.6631.4
AR13-TR-06118273- 11827613.017.04.0floor sample in oxidized phyllites23.4933.5
Including11827615.017.02.0floor sample in oxidized phyllites43.6062.6
AR13-TR-0611827915.015.01.5vertical sample in oxidized phyllites0.621.5
AR13-TR-06118207- 1182127.012.05.0exploration pit floor sample in mineralized phyllites with quartz material2.449.4
AR13-TR-06118214- 1182231.513.011.5exploration pit floor sample in mineralized phyllites with quartz material1.137.9
AR13-TR-06118224- 1182290.07.57.5exploration pit floor sample in mineralized phyllites with quartz material0.615.4
AR13-TR-0611823310.512.01.5exploration pit floor sample in mineralized phyllites with quartz material2.727.9
AR13-TR-0611823412.013.01.0exploration pit floor sample in mineralized phyllites with quartz material13.6722.1
AR13-TR-061182353.53.51.0exploration pit floor sample across width of trench in oxidized phyllites and quartz material0.584.9
AR13-TR-06118238- 1182395.55.53.0exploration pit floor sample across width of trench in oxidized phyllites and quartz material0.678.7
AR13-TR-06118244- 11824812.512.56.0exploration pit floor sample across width of trench in oxidized phyllites and quartz material3.8811.9
AR13-TR-0611825410.510.50.8exploration pit floor sample across width of trench in oxidized phyllites and quartz material3.9611.0
AR13-TR-0611825710.011.01.0exploration pit floor sample across width of trench in oxidized phyllites and quartz material8.6125.9
AR13-TR-0611825911.011.01.0exploration pit floor sample across width of trench in oxidized phyllites and quartz material1.212.7
AR13-TR-07116122- 11612736.042.06.0floor sample in quartz material6.5314.0
AR13-TR-07116132- 11613345.047.02.0floor sample in quartz material0.763.6
AR13-TR-07116166- 11617596.0105.09.0floor sample in quartz material with sulphides14.7422.0
AR13-TR-07116178- 116186107.0116.09.0floor sample in mineralized phyllites with quartz material18.3144.0
AR13-TR-0711622982.082.02.0vertical sample in quartz material2.387.0
AR13-TR-0711623183.083.01.7vertical sample in quartz material16.6846.9
AR13-TR-07116247141.0141.02.0vertical sample in mineralized phyllites with quartz material0.531.2
AR13-TR-0711626339.539.51.5vertical sample in mineralized phyllites with quartz material3.035.8
AR13-TR-0711626441.042.01.0vertical sample in mineralized phyllites with quartz material1.312.1
AR13-TR-07116266- 11626749.049.02.0vertical sample in mineralized phyllites with quartz material8.3416.1
AR13-TR-0711626953.053.01.0vertical sample in mineralized phyllites with quartz material1.542.3
AR13-TR-0711628938.038.00.9floor sample across width of trench in oxidized phyllites and quartz material0.846.4
AR13-TR-0711629139.039.02.3floor sample across width of trench in oxidized phyllites and quartz material12.4226.1
AR13-TR-0711629240.040.02.2floor sample across width of trench in oxidized phyllites and quartz material21.4830.8
AR13-TR-0711629341.041.02.3floor sample across width of trench in oxidized phyllites and quartz material16.8622.9
AR13-TR-0711629442.042.01.6floor sample across width of trench in oxidized phyllites and quartz material2.946.9
AR13-TR-07116297- 11629845.045.03.2floor sample across width of trench in oxidized phyllites and quartz material39.6847.2
AR13-TR-07116299- 11635146.046.02.9floor sample across width of trench in oxidized phyllites and quartz material20.2820.2
AR13-TR-07116352- 11635347.047.02.8floor sample across width of trench in oxidized phyllites and quartz material13.2222.0
AR13-TR-07116354- 11635648.048.03.2floor sample across width of trench in oxidized phyllites and quartz material13.4617.1
AR13-TR-07116357- 11635849.049.04.0floor sample across width of trench in oxidized phyllites and quartz material24.6229.6
AR13-TR-07116359- 11636150.050.04.0floor sample across width of trench in oxidized phyllites and quartz material10.6523.2
AR13-TR-0711636251.051.02.0floor sample across width of trench in oxidized phyllites and quartz material9.3910.7
AR13-TR-0711636352.052.02.0floor sample across width of trench in oxidized phyllites and quartz material7.4816.1
AR13-TR-0711636539.039.01.4exploration pit floor sample in oxidized phyllites and quartz material4.976.0
AR13-TR-0711636640.040.01.0exploration pit floor sample in oxidized phyllites and quartz material6.6610.9
AR13-TR-0711636839.039.01.0exploration pit floor sample in oxidized phyllites and quartz material14.7442.8
AR13-TR-0711637146.046.01.0exploration pit floor sample in oxidized phyllites and quartz material16.8622.3
AR13-TR-0711637348.048.01.4exploration pit floor sample in oxidized phyllites and quartz material12.4720.1
AR13-TR-0711637650.050.01.5exploration pit floor sample in oxidized phyllites and quartz material8.789.6
AR13-TR-0711637752.052.01.7exploration pit floor sample in oxidized phyllites and quartz material4.613.7
AR13-TR-07116378- 11638144.050.06.0exploration pit floor sample in oxidized phyllites and quartz material14.3620.5
AR13-TR-07116382- 11638544.052.08.0exploration pit floor sample in oxidized phyllites and quartz material20.5333.1
AR13-TR-0711639272.072.01.2exploration pit floor sample in oxidized phyllites and quartz material1.775.5
AR13-TR-0711639373.073.01.0exploration pit floor sample in oxidized phyllites and quartz material3.205.9
AR13-TR-0711640276.076.01.4exploration pit vertical sample over true thickness of quartz material9.9714.0
AR13-TR-0711640377.077.02.0exploration pit vertical sample over true thickness of quartz material6.927.6
AR13-TR-07116405- 11640778.078.03.6exploration pit vertical sample over true thickness of quartz material3.198.3
AR13-TR-07116421- 116422100.0100.03.9exploration pit floor sample in oxidized phyllites and quartz material12.3534.4
AR13-TR-07116423- 116424101.0101.03.9exploration pit floor sample in oxidized phyllites and quartz material9.6723.1
AR13-TR-07116425- 116426102.0102.03.9exploration pit floor sample in oxidized phyllites and quartz material10.3723.7
AR13-TR-07116427- 116428103.0103.03.4exploration pit floor sample in oxidized phyllites and quartz material24.6420.03
AR13-TR-07116429/ 116431104.0104.03.4exploration pit floor sample in oxidized phyllites and quartz material28.3227.6
AR13-TR-07116432- 116433105.0105.03.4exploration pit floor sample in oxidized phyllites and quartz material12.1213.8
AR13-TR-07116436106.0106.02.0exploration pit floor sample in oxidized phyllites and quartz material0.561.8
AR13-TR-07116438107.0107.01.7exploration pit floor sample in oxidized phyllites and quartz material29.1538.7
AR13-TR-07116439104.5104.51.0exploration pit floor sample in oxidized phyllites and quartz material1.373.9
AR13-TR-07116441105.5105.51.5exploration pit floor sample in oxidized phyllites and quartz material3.907.0
AR13-TR-07116443107.5107.51.4exploration pit floor sample in oxidized phyllites and quartz material3.3611.1
AR13-TR-07116444- 116445108.0108.03.2exploration pit floor sample in oxidized phyllites and quartz material8.4513.7
AR13-TR-0711644698.099.01.5exploration pit vertical sample over true thickness of quartz material8.1711.4
AR13-TR-07116447- 11644899.0100.03.5exploration pit vertical sample over true thickness of quartz material12.9823.9
AR13-TR-07116453- 116454107.0107.03.3exploration pit vertical sample over true thickness of quartz material1.034.1
AR13-TR-07116456- 116457107.0107.04.0exploration pit vertical sample over true thickness of quartz material31.1859.6
AR13-TR-07116458- 116459107.0107.02.5exploration pit vertical sample over true thickness of quartz material13.3817.5
AR13-TR-07116464- 116465112.0112.03.2exploration pit floor sample in oxidized phyllites and quartz material21.3847.8
AR13-TR-07116466- 116467113.0113.03.0exploration pit floor sample in oxidized phyllites and quartz material76.4177.1
AR13-TR-07116468- 116469114.0114.04.0exploration pit floor sample in oxidized phyllites and quartz material31.2077.9
AR13-TR-07116471- 116472115.0115.03.8exploration pit floor sample in oxidized phyllites and quartz material42.6880.0
AR13-TR-07116473- 116474112.0112.03.3exploration pit vertical sample over true thickness of quartz material103.06123.4
AR13-TR-07116478113.0113.01.5exploration pit vertical sample over true thickness of quartz material49.6878.0
AR13-TR-07116479115.0115.01.0exploration pit vertical sample over true thickness of quartz material13.0258.1
AR13-TR-12117577- 11757822.026.04.0exploration pit floor sample in oxidized phyllites and quartz material4.347.5
AR13-TR-1211758840.042.02.0exploration pit floor sample in oxidized phyllites and quartz material14.6725.5
AR13-TR-12117604- 11761468.078.010.0exploration pit floor sample in oxidized phyllites and quartz material3.1415.8
AR13-TR-12117644- 11764670.070.02.8exploration pit floor sample in oxidized phyllites and quartz material1.8523.8
AR13-TR-12117647- 11764871.071.02.8exploration pit floor sample in oxidized phyllites and quartz material6.6530.1
AR13-TR-12117649- 11765172.072.03.6exploration pit floor sample in oxidized phyllites and quartz material1.8412.5
AR13-TR-12117652- 11765373.073.03.8exploration pit floor sample in oxidized phyllites and quartz material18.2163.3
AR13-TR-12117654- 11765574.074.03.7exploration pit floor sample in oxidized phyllites and quartz material17.1344.3
AR13-TR-12117656- 11765775.075.03.6exploration pit floor sample in oxidized phyllites and quartz material2.2910.1
AR13-TR-12117658- 11765976.076.03.4exploration pit floor sample in oxidized phyllites and quartz material0.681.95
AR13-TR-12117661- 11766277.077.03.3exploration pit floor sample in oxidized phyllites and quartz material3.1417.8
AR13-TR-12117663- 11766478.078.03.4exploration pit floor sample in oxidized phyllites and quartz material3.1720.0
AR13-TR-1211766878.0- 79.078.0- 79.01.4exploration pit vertical sample over true thickness of quartz material3.3622.0
AR13-TR-1211767178.0- 79.078.0- 79.01.2exploration pit vertical sample over true thickness of quartz material0.711.7
AR13-TR-12117676- 11767779.079.02.6exploration pit vertical sample in phyllites and quartz material0.733.7
AR13-TR-1211769125.025.01.4exploration pit vertical sample in phyllites and quartz material22.8122.1
AR13-TR-131178250.02.02.0floor sample in mineralized phyllites with quartz material13.405.5
AR13-TR-1311783920.022.02.0floor sample in mineralized phyllites with quartz material1.8912.2
AR13-TR-1311784122.032.010.0exploration pit floor sample in oxidized phyllites and quartz material8.6014.9
AR13-TR-13117866- 11786755.057.02.0exploration pit floor sample in oxidized phyllites and quartz material70.94194.0
AR13-TR-1311801157.057.01.7exploration pit vertical sample in phyllites and quartz material52.43170.0
AR13-TR-13118054101.0101.01.5exploration pit vertical sample in phyllites and quartz material29.5656.2
AR13-TR-1311809126.027.01.0exploration pit floor sample in oxidized phyllites and quartz material4.7116.9
AR13-TR-13118093- 11809428.532.54.0exploration pit floor sample in oxidized phyllites and quartz material5.599.5
AR13-TR-1311809622.024.02.0exploration pit floor sample in oxidized phyllites and quartz material1.347.2
AR13-TR-13118099- 11810228.032.04.0exploration pit floor sample in oxidized phyllites and quartz material54.4486.4
AR13-TR-13118104- 11810524.024.04.0exploration pit vertical sample over true thickness of quartz material2.3412.1
AR13-TR-1311810731.031.02.0exploration pit vertical sample over true thickness of quartz material4.2913.4
AR13-TR-1311810830.030.01.7exploration pit vertical sample over true thickness of quartz material15.9158.5
AR13-TR-13118109- 11811029.029.04.0exploration pit vertical sample over true thickness of quartz material19.2236.9
AR13-TR-13118112- 11811323.023.04.0exploration pit floor sample in oxidized phyllites and quartz material0.645.1
AR13-TR-13118114- 11811530.030.04.0exploration pit floor sample in oxidized phyllites and quartz material13.8334.6
AR13-TR-1311811655.055.02.0exploration pit floor sample in oxidized phyllites and quartz material69.9598.9
AR13-TR-1311811757.057.01.8exploration pit floor sample in oxidized phyllites and quartz material35.10175.0
AR13-TR-1411851212.012.01.70exploration pit vertical sample over true thickness of quartz material1.550.9
AR13-TR-15118307- 11830910.016.06.0exploration pit floor sample in oxidized phyllites and quartz material6.296.6
AR13-TR-15118384140.0142.02.0exploration pit floor sample in oxidized phyllites and quartz material1.2817.9