Altius Minerals Corporation press release

Mandalay Resources Files Preliminary Economic Assessment for the Cuffley Lode at the Costerfield Gold-Antimony Mine, Australia and Announces New Website

2013-10-10

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TORONTO, Oct. 10, 2013/CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) is pleased to announce that it has filed a Preliminary Economic Assessment ("PEA") for the Cuffley lode at its Costerfield gold-antimony mine located in Victoria, Australia. The PEA, announced in a press release dated September 10, 2013, is titled "Mandalay Resources Costerfield Operation Victoria, AustraliaPreliminary Economic Assessment" and was prepared by by SRK Consulting (Australasia) Pty Ltd, Melbourne, Australia. This PEA can be accessed under the Company's profile at www.sedar.comand on the Company's website.

Mandalay Launches New Website

The Company is also pleased to announce that it has recently launched its newly-developed website. The new website can be accessed at www.mandalayresources.com.

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australiaand producing and exploration projects in Chile. The Company is focused on executing a roll-up strategy, creating critical mass by aggregating advanced or in-production gold, copper, silver and antimony projects in Australiaand the Americas to generate near-term cash flow and shareholder value.

SOURCE Mandalay Resources Corporation

Bradford Mills Chief Executive Officer

Greg DiTomaso Investor Relations

Contact: 647.260.1566

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