Mega Precious Metals Announces Completion of First Tranche of Pacific Road Financing & to Host a Conference Call January 7, 2014

THUNDER BAY, ONTARIO–(Marketwired – Dec. 31, 2013) – Mega Precious Metals (TSX VENTURE:MGP) (“Mega” or the “Company”) is pleased to announce that it has completed the first tranche of the previously announced financing (the “Tranche 1 Financing”) with Pacific Road Resources Funds (“Pacific Road”) whereby Pacific Road has invested in US$3,330,398 aggregate principal amount of unsecured zero coupon convertible notes (the “Tranche 1 Convertible Notes”), which are convertible into Mega common shares (“Common Shares”) at a conversion price of C$0.1122 per Common Share, pursuant to an agreement (the “Definitive Agreement”) dated December 4, 2013 between Pacific Road and the Company. The amount of the investment was increased as a result of the completion of the Company’s private placement which closed on December 20, 2013.