VANCOUVER, Sept. 12, 2014 /CNW/ - Veris Gold Corp. ("Veris" or the "Company") announced today that it has obtained an order from the Supreme Court of British Columbia (the "Court") as of September 4, 2014 extending the period of the Court-ordered stay of proceeding against Veris and its subsidiaries under the Companies' Creditors Arrangement Act ("CCAA") up to and including October 10, 2014.

The Court also recognized the Final Cash Collateral Order ("CCO") conditioning the use of cash collateral and providing adequate protection to Deutsche Bank AG, London Branch, and approved a claim process for creditors to file claims against Veris (the "Canadian Claims Order").

In addition, during a hearing held on August 29, 2014, the United States Bankruptcy Court for the District of Nevada (the "US Court") (i) recognized the CCAA proceeding as a foreign main proceeding, (ii) determined that Canada was Veris' centre of main interest, and (iii) recognized the Monitor as Veris' foreign representative. The US Court also approved the CCO which allows the Company to continue to operate throughout these proceedings in accordance with the parameters established therein.

By order dated September 9, 2014, the US Court also recognized the Canadian Claims Order.

The Company has been operating under the protection of the CCAA since June 9, 2014.

All inquiries regarding Veris' CCAA proceeding should be directed to the Monitor, Ernst & Young, Inc.: Mr. Rocky Ho at (604) 891-8425. Information about the CCAA proceeding, including copies of all court orders and the Monitor's reports, is available on the Monitor's website: www.ey.com/ca/verisgold.

About Veris Gold Corp.
Veris Gold Corp. is a growing mid-tier North American gold producer in the business of developing and operating gold mines in geo-politically stable jurisdictions. The Company's primary assets are the permitted and operating Jerritt Canyon processing plant and gold mines located 50 miles north of Elko, Nevada, USA. The Company's primary focus is on the re-development of the Jerritt Canyon mining and processing plant. The Company also holds a portfolio of precious metals properties in British Columbia and the Yukon Territory, Canada, including the Ketza River Property.

On behalf of
"VERIS GOLD CORP."

François Marland
President and CEO

To be added to the Veris Gold e-mail list please sign up at www.verisgold.com.