Mega Precious Metals Engages Palisade Capital for Marketing Services

THUNDER BAY, ONTARIO--(Marketwired - Feb 20, 2014) - Mega Precious Metals Inc. (TSX VENTURE:MGP) ("Mega" or the "Company") is pleased to announce that it has retained Palisade Capital Corp ("Palisade") as an independent consultant to provide marketing services, setting up marketing roadshows/teleconference for the European, Canadian and U.S. investment community, and assisting in the distribution of news releases. Collin Kettell and Sean Zubick, the Principals of Palisade, will be primarily responsible for providing the services to Mega.

Palisade is a consulting services company headquartered in Burtonville, Maryland, U.S.A. Palisade offers strategic consulting services to public and private companies looking to expand their corporate footprints and attract new international investors. From marketing road shows to full-service investor relations and promotional video campaigns, Palisade utilizes innovative strategies and techniques to drive broader investor awareness, increased liquidity, and higher valuations for its clients. (www.palisadecapitalcorp.com)

In consideration for its services, the Company has agreed to pay Palisade a total fee of $70,200 for a term of 12 months (i.e. $5,850 per month) commencing February 25, 2014 and ending on February 24, 2015. In addition, the Company has agreed to grant Palisade stock options to purchase a total of 300,000 common shares at a price of $0.15 per share for a period of 5 years, subject to vesting in accordance with the Company's stock option plan and the policies of the TSX Venture Exchange.

Forward-looking Statements

Certain statements in this press release relating to the Company's exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal's filings which are posted on sedar at www.sedar.com.

There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.

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.