02/20/2013 Sebastian River Holdings, Inc. an

Sebastian River Holdings, Inc. (OTC:SBRH), and Drake Gold Resources Inc (OTC KGR) are pleased to announce that their Lease Operator, Chris Repasky, has partially completed the road clearance initiatives that will allow for direct access to the companies' wells in Western Pennsylvania.

Repasky states that, "Because of the massive acreage on this particular lease, drilling here will be economically viable with attractive results anticipated." Some of the wells have been previously plugged and others will have water issues that will require a water swell. Repasky is currently assessing the wells as to which ones will be optimal to drill first. As previously stated, some capital has been provided by Sebastian River Holdings, and Drake Gold Resources will begin providing capital once its Myers lease has been completely reworked, which is expected in Q1 2013, weather-permitting.

Director, Peter Matousek, states, "Chris Repasky has been professional and done a great job of reworking the wells on the Myers lease. The Master lease should proceed smoothly since the warmer months are near. More updates on this endeavor will be released in the coming weeks as the Joint Venture partners estimate that close to a dozen wells will be up and running by summer."

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