CALGARY, ALBERTA--(Marketwired - Dec. 2, 2014) - Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Company") is pleased to release results from holes E1412 through to E1423 from the Company's 2014 core drilling program at the Jersey-Emerald Tungsten Property (the "Property"), located near the town of Salmo in south-eastern British Columbia.

Drilling is currently continuing on the Property, extending the program from the original drill program that comprised 5,740 metres in 32 holes. Drilling is focussed on the East Emerald Tungsten target.

Highlights from holes E1412 to E1423 include:

• 0.59% WO₃ over a drilled length of 2.65 m in E1412
• 0.22% WO₃ over a drilled length of 6.71 m in E1413
• 0.35% WO₃ over a drilled length of 4.00 m in E1414
• 0.33% WO₃ over a drilled length of 6.45 m in E1419 including 0.65 grams per tonne Au
• 0.14% WO₃ over a drilled length of 1.40 m in E1422 including 1.32 grams per tonne Au
• 0.27% WO₃ over a drilled length of 7.05 m in E1423

Core samples continue to be received at the laboratory and analysis is ongoing. The composites for tungsten (WO₃) for holes E1412 to E1423 are shown in Table 1.

Table 1: Composites for drill holes E1411 to E1423

HoleID	UTMX (m)	UTMY (m)	Z (m ASL)	Az	Dip		From (m)	To (m)	Length* (m)	WO3** (%)
E1412	483941	5439795	1389	022	-70	•	95.45	96.90	1.45	0.221
						•	154.55	161.35	6.80	0.166
						Incl	156.00	157.00	1.00	0.342
						•	208.40	213.00	4.60	0.141
						•	223.70	225.80	2.10	0.121
						•	223.70	234.10	10.40	0.139
						Incl	230.65	233.35	2.70	0.286
						•	302.35	305.00	2.65	0.593
						•	309.00	314.00	5.00	0.102
E1413	483914	5439723	1395	132	-89	•	96.10	99.05	2.95	0.206
						Incl	96.10	96.90	0.80	0.467
						Incl	98.40	99.05	0.65	0.348
						•	127.40	129.53	2.13	0.254
						Incl	128.50	129.53	1.03	0.460
						•	142.20	143.77	1.57	0.183
						•	148.70	152.37	3.67	0.239
						Incl	148.70	149.92	1.22	0.354
						•	176.85	185.75	8.90	0.150
						Incl	176.85	178.03	1.18	0.269
						Incl	181.10	182.00	0.90	0.328
						Incl	184.00	184.30	0.30	0.755
						Incl	185.05	185.75	0.70	0.289
						•	196.10	200.65	4.55	0.105
						Incl	199.75	200.65	0.90	0.232
						•	205.55	209.15	3.60	0.181
						Incl	205.55	206.00	0.45	0.325
						Incl	205.55	209.15	3.60	0.181
						•	219.73	226.44	6.71	0.219
						•	236.13	239.42	3.29	0.198
						Incl	236.13	237.43	1.30	0.236
						Incl	238.25	239.42	1.17	0.294
E1414	483850	5439665	1390	135	-89	•	136.90	139.30	2.40	0.207
						•	151.30	152.30	1.00	0.375
						•	174.10	180.80	6.70	0.107
						Incl	178.80	180.80	2.00	0.228
						•	194.50	199.80	5.30	0.127
						Incl	194.50	195.70	1.20	0.255
						Incl	198.80	199.80	1.00	0.226
						•	207.90	211.90	4.00	0.353
						Incl	207.90	208.90	1.00	0.789
						Incl	210.89	211.90	1.01	0.521
E1415	483794	5439600	1375	83	-89	•	115.50	116.30	0.80	0.261
						•	126.07	127.80	1.73	0.180
						Incl	126.07	127.08	1.01	0.267
E1416	483794	5439600	1375	037	-80	•	131.00	134.10	3.10	0.116
E1417	483680	5439436	1369	284	-89	No significant results
E1418	483680	5439436	1369	112	-55	•	14.00	15.85	1.85	0.233
E1419	483845	5439568	1424	112	-79	•	198.65	203.53	4.88	0.208
						Incl	199.50	200.10	0.60	0.567
						•	218.51	220.10	1.59	0.144
						•	243.85	250.30	6.45	0.326
						Incl	246.00	248.85	2.85	0.622
						•	252.98	256.20	3.22	0.216
						Incl	254.95	256.20	1.25	0.458
						•	266.20	266.92	0.72	0.126
E1420	483845	5439568	1424	112	-65	Hole lost in workings before target
E1421	483851	5439632	1416	117	-66	No significant results
E1422	483851	5439632	1416	271	-89	•	67.90	71.05	3.15	0.146
						Incl	70.40	71.05	0.65	0.285
						•	189.95	191.40	1.45	0.277
						•	208.60	211.35	2.75	0.111
						Incl	208.60	209.00	0.40	0.286
						•	222.30	227.00	4.70	0.128
						Incl	225.50	226.40	0.90	0.344
E1423	483807	5439502	1426	137	-81	•	97.05	97.60	0.55	0.470
						•	108.05	108.80	0.75	0.190
						•	198.75	205.80	7.05	0.273
						Incl	198.75	201.80	3.05	0.334
						Incl	204.65	205.80	1.15	0.391
* The true widths of the mineralized intercepts may be less than the drilled lengths reported. Further interpretation using all drilling results is required to determine the true widths.
** WO3 calculated as W x 1.2611

On November 5, 2014, Margaux released the results from the first 10 of the 32 holes drilled. Highlights from the first 10 holes include:

• 0.23% WO₃ over a drilled length of 8.65 m in E1402
• 0.49% WO₃ over a drilled length of 2.75 m in E1404
• 0.50% WO₃ over a drilled length of 4.50 m in E1409
• 0.52% WO₃ over a drilled length of 3.35 m in E1410 including 2.19 grams per tonne Au

Note: The true widths of mineralization are likely less than the drilled lengths presented above.

Drilling continues to identify broad zones of mineralized skarn that contain significant tungsten.

Gold

On November 6, 2014, Margaux released the results from hole E1411.

• 24.98 g/t gold over a drilled length of 10.2 m in E1411

This gold intercept from altered granite supports the bismuth-gold potential of the Property as described in several publications and summarized in the Margaux technical report dated March 14, 2014 (available on www.SEDAR.com).

Gold has been intercepted in skarn in holes E1410, E1419, and E1422. These results (Table 2) demonstrate the potential for gold within and proximal to tungsten mineralization.

Table 2: Composites for Au in holes E1410, E1419, and E1422

HoleID	UTMX (m)	UTMY (m)	Z (m ASL)	Az	Dip		From (m)	To (m)	Length* (m)	Au (g/t)
E1410	483728	5439530	1357	096	-55	•	212.30	214.35	2.05	0.88
						•	273.25	272.00	0.75	1.37
						•	307.50	310.85	3.35	2.19
E1419	483845	5439568	1424	112	-79	•	80.12	81.80	1.68	1.60
						•	246.00	247.10	1.10	2.22
E1422	483851	5439632	1416	271	-89	•	70.40	71.05	0.65	2.26

Lead-Zinc-Silver

Some holes that were collared stratigraphically above the tungsten zone passed through the Jersey lead-zinc horizon. Samples from this horizon returned elevated values for lead, zinc, and silver (Table 3).

These intercepts suggest the potential for additional lead-zinc-silver resources on the Property. The current lead-zinc resource estimate, as summarized in the Margaux technical report dated March 14, 2014 (available on SEDAR.com), has an indicated resource of 1.9 Mt averaging 1.96% lead and 4.10% zinc, and an inferred resource of 4.98 Mt averaging 1.95% lead and 3.37% zinc, using a 3.5% combined lead-zinc cut-off grade.

Table 3: Lead, zinc, and silver composites for drill holes E1419 and E1420

HoleID	UTMX (m)	UTMY (m)	Z (m ASL)	Az	Dip		From (m)	To (m)	Length* (m)	Pb (%)	Zn (%)	Ag (g/t)
E1419	483845	5439568	1424	112	-79	•	0.00	5.00	5.00	3.75	6.00
						•	13.80	15.95	2.15	0.41	2.09
						Incl	13.80	15.00	1.20	0.48	3.45
E1420	483845	5439568	1424	112	-65	•	0.00	8.00	8.00	3.32	3.79	11.04
						Incl	0.00	2.80	2.80	1.63	6.05
						Incl	2.80	3.60	0.80	18.48	2.47

* The true widths of the mineralized intercepts may be less than the drilled lengths reported.

Qualified Person

The Company's 2014 drilling program at the Property was conducted under the supervision of Mr. Edward Lawrence, P.Eng, who is the Company's Qualified Person as defined by National Instrument 43-101. He has reviewed and approved the technical disclosure contained in this news release as applicable.

Quality Assurance and Quality Control ("QA/QC") Procedures

Drill core is logged and photographed at a secure building on the Property. Mineralized intervals were halved using a manual core splitter, and sampled at site. The remainder of the core was kept in the box as a permanent record. Samples were placed into sealed bags that were delivered by a commercial trucking company to the AcmeLabs facility in North Vancouver.

The samples were assayed for tungsten and 36 other elements using aqua regia digestion with an ICP-MS finish. Over-grade tungsten was analyzed using a phosphoric acid leach with an ICP-ES finish, and over-grade molybdenum, lead, and zinc were analyzed using a four acid digestion with an ICP-ES finish. Over-grade gold was analyzed using a 30 g fire assay with gravimetric finish.

Margaux has implemented a rigorous industry-standard QA/QC program that includes the blind insertion of certified reference materials, duplicates, and blanks into the sample stream.

About Margaux Resources Ltd.: Margaux is based in Calgary, Alberta and a publicly traded resource company with oil and gas exploration and production and an option on the Jersey Emerald Tungsten-Zinc Property near Salmo, British Columbia.

Cautionary Statements

This press release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this press release contains statements concerning the size and timing of completion of the remainder of the Company's 2014 drill program and disclosure of the results thereof.

Forward-looking statements or information are based on a number of material factors, expectations or assumptions of Margaux which have been used to develop such statements and information but which may prove to be incorrect.
Although Margaux believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Margaux can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties.

The forward-looking statements contained in this press release are made as of the date hereof and Margaux undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

Neither 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.