P2 Gold Inc. ("P2" or the "Company") (TSXV: PGLD) (OTCQB: PGLDF) reports results from a positive Updated Preliminary Economic Assessment ("Updated PEA") on its wholly-owned gold-copper Gabbs Project located on the Walker-Lane Trend in Nevada. The Updated PEA was prepared by Kappes, Cassiday & Associates ("KCA") of Reno, Nevada with Mineral Resource and mining contributions from P&E Mining Consultants Inc. ("P&E") in accordance with National Instrument 43-101, Standards of Disclosure for Mineral