Buccaneer Gold Announces Results of Annual Shareholders' Meeting

Toronto, Ontario--(Newsfile Corp. - March 11, 2014) - BUCCANEER GOLD CORP. (TSXV: BGG) ("Buccaneer" or the "Company") announces the following results of its Annual and Special Shareholders' Meeting held on March 7, 2014 (the "ASM").

Election of Directors

Paul Zyla, Kevin C. Swanborough, Richard W. Grayston and Blaine Schmidt were re-elected directors of the Company (the "Board") at the ASM to hold office for the ensuing year.

Stock Option Plan

The Company's 10% rolling stock option plan was approved by its shareholders, subject to final acceptance for filing by the TSX Venture Exchange ("TSX-V").

Amendments to Stock Options

Disinterested shareholder approval was obtained to re-price 1,000,000 stock options previously granted to certain insiders of the Company to $0.10 per share and to amend the expiry date to March 7, 2019. The TSX-V has accepted the foregoing amendments.

Share Consolidation

Shareholder approval was obtained at the ASM for the Company to consolidate its common shares (the "Shares") on the basis of the range of between one post-consolidation Share for between two and three pre-consolidation Shares (the "Consolidation"), subject to acceptance by the TSX-V.

Appointment of Officers

Subsequent to the ASM, the following officers were re-appointed by the Board:

About Buccaneer

Buccaneer is a mineral exploration company whose long-term objective is to build a diversified company focused on the acquisition, exploration and development of mineral properties. Additional information about the Company is available on SEDAR at www.sedar.com.

Cautionary Statement

This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, future plans and objectives of Buccaneer, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Buccaneer's expectations are the risks detailed herein and from time to time in the filings made by Buccaneer with securities regulators.

For further information, please contact Paul Zyla, President and Chief Executive Officer or Kevin Swanborough, Chief Financial Officer at 416 366-4227 or by e-mail at info@buccaneergold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this news release and neither accepts responsibility for the adequacy or accuracy of this news release.