Sutter Gold Mining Inc. announced that it has entered into an agreement for a restructured Senior Secured Term Loan Facility (the "SSTLF") with RMB Australia Holdings Limited ("RMBAH"). The new SSTLF will replace the current Pre Paid Gold Facility (the "PPGF") between SGM and RMBAH, dated July 14, 2011, and the Bridge Loan Facility (the "BLF"), dated October 18, 2012, as amended and restated (together as the "Facilities"). Key terms and conditions of the SSTLF include the following: The existing forward positions associated with the PPGF have been closed out at market according to the close out protocol agreed between the Company and RMBAH with the resulting marked-to-market value of the PPGF obligations forming part of the principal amount to be restructured in the SSTLF.

The PPGF refinancing amount is $17.05 million; The BLF principal of $19.97 million will be refinanced as additional principal under the SSTLF; The total amount available under the SSTLF will be $40 million for the purpose of repaying amounts owing under the PPGF close out and BLF and for continued development of the Lincoln Project and general corporate purposes; The SSTLF will bear interest at Libor plus 5% per annum payable quarterly beginning March 31, 2014 and continuing until repayment of the SSTF; Scheduled principal repayments of the SSTLF will commence December 31, 2014 on a quarterly basis through March 31, 2018; Mandatory pre-payments of the SSTLF will be made equal to 75% of the available free cash flow after all Project and corporate costs, interest and scheduled repayments on a quarterly basis; The SSTF may also be pre-paid by the Company at any time without penalty in part or in whole Upon commencement of commercial production the Company may enter into gold hedging arrangements with RMBAH at its discretion over a maximum of 60% of forecast production over the term of the SSTF.