Pershing Gold Reports Analyst Coverage Initiated by Rodman & Renshaw‏

LAKEWOOD, Colo., July 29, 2015 (PR NEWSWIRE)—Pershing Gold Corporation (NASDAQ:PGLC, FWB:7PG1) (“Pershing Gold” or the “Company”) announces that H.C. Wainwright and Co. LLC, which conducts certain research activities under the name Rodman & Renshaw, has initiated analyst coverage on the Company. Analysts Heiko F. Ihle, CFA and Jake Sekelsky authored the report.

“We would like to thank H.C. Wainwright and Co. LLC for initiating coverage on Pershing Gold,“ stated Stephen D. Alfers, Pershing Gold President, CEO, and Executive Chairman. “Following the Company’s up-listing to the NASDAQ and subsequent listing on the Frankfurt Stock Exchange, the addition of well-respected analyst coverage like that produced by Heiko and Jake will help Pershing Gold to continue to build high-quality investor awareness for the Company,” Alfers said.

About Pershing Gold Corporation

Pershing Gold is the emerging Nevada gold producer restarting the Relief Canyon Mine, which includes three open-pit mines and a state-of-the-art, fully permitted and constructed heap-leach processing facility. Pershing Gold is currently permitted to resume mining at Relief Canyon under the existing Plan of Operations.

Pershing Gold's landholdings cover approximately 25,000 acres that include the Relief Canyon Mine asset and lands surrounding the mine in all directions. This land package provides Pershing Gold with the opportunity to expand the Relief Canyon Mine deposit and to explore and make new discoveries on nearby lands.

Pershing Gold is listed on the NASDAQ Global Market under the symbol PGLC and the Frankfurt Stock Exchange under the symbol 7PG1. The investment banks H.C. Wainwright and Co. LLC (under the name Rodman & Renshaw) and Cantor Fitzgerald currently produce analyst reports on the Company.

Contact Information

For more information, please contact:

Jack Perkins

Vice President, Investor Relations

720.974.7254

investors@pershinggold.com