Golden Reign Warrant Extension and Repricing

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June 11, 2014 NEWS RELEASE - #14-5 TSX- V: GRR

GOLDEN REIGN WARRANT EXTENSION AND REPRICING

Golden Reign Resources Ltd. (TSX-V: GRR) (the “Company” or “Golden Reign”) announces that it intends to extend the expiry date and reduce the exercise price of a total of 4,711,640 outstanding non-transferable Share Purchase Warrants (the “Warrants”) which were issued on July 12, 2012, in connection with a brokered private placement (the “Private Placement”).

The original expiry is at 4:30 PM (Vancouver time), July 12, 2014, and the proposed amended expiry is at 4:30 PM on December 31, 2014. The original exercise price is $0.80 per share and the proposed amended exercise price is as follows:

• Should the Warrant Holder elect to exercise the Warrants on or before the original exercise date of July 12, 2014, the proposed amended exercise price will be $0.15;
• Should the Warrant Holder elect to exercise the Warrants after July 12, 2014 and on or before December 31, 2014, the proposed amended exercise price will be $0.25.

The Company currently has 4,849,909 Warrants issued and outstanding pertaining to the Private Placement, of which only 4, 711,640 are eligible for amendment pursuant to the policies of the TSX Venture Exchange. The remaining 138,269 Warrants are not eligible for amendment as such Warrants were issued as Broker’s Warrants under the Private Placement. Insiders hold less than 10% of the total number of Warrants.

The proposed amendments to the Warrants are subject to acceptance by the TSX Venture Exchange.

Proceeds from the Program will be utilized for on-going exploration at the Company’s flagship San Albino- Murra Gold Property in Nicaragua and for general working capital.

On behalf of the Board,

“Kim Evans”

Kim Evans, CGA President & CEO

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.