SOURCE: Dutch Gold Resources, Inc.

February 11, 2010 09:11 ET

Dutch Gold Positions Its Subsidiary, Aultra Gold, to Capitalize on Gold Projects Outside North America

International Acquisition Strategy Discussed, Effective Date for Reverse Split Set

ATLANTA, GA--(Marketwire - February 11, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") ( is pleased to announce its strategy to leverage international market opportunities. Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) today announced that it will use its recently acquired, publicly traded subsidiary, Aultra Gold, Inc. (OTCBB: AGDI) as the platform for its international mining opportunities. After studying alternative strategic investments, the Board of Directors has chosen to have Aultra pursue non-domestic precious metal prospects, where there are well-defined projects and professional management teams in place.

"We think this strategy makes tremendous sense. It allows us to move domestically and internationally at the same time, while providing separation of operations, and balance of risk, and separate funding strategies. Rauno Perttu and I are regularly shown attractive deals by colleagues, that fall outside the stated mission of Dutch Gold," commented Daniel Hollis, Chairman and CEO of Dutch Gold. He explained the strategy, "Since Dutch owns 67% of the outstanding Aultra shares, we get the consolidated financial benefit of the investments in Aultra, while providing some separation from the domestic activities of Dutch. Certainly international projects may be perceived to include a bit more risk from political considerations, currency fluctuations, international legal and regulatory compliance, but we believe that the returns may be even greater than some domestic situations."

Dutch Gold Resources, Inc. has stated that is has a corporate mandate to develop North American projects, a more conservative strategy which optimizes the current management and capital resources of the Company. Mr. Hollis further observed, "This move is consistent with our stated goal of providing additional resource developments, with an eye toward enhancing shareholder value, in our existing corporate structure."

Individuals and companies are invited to forward potential international acquisition/joint venture projects to Rauno Perttu, COO at the Company's Atlanta headquarters. Said Mr. Perttu, "We welcome input from our professional colleagues around the world, and will evaluate prospects wherever they may be found."

Hollis also confirmed the impending reverse split for AGDI shares, as was previously disclosed in a Form 14 DEF filing on November 17, 2009. Copies of the document can be found at, and on the Dutch Gold web site at The reverse split is set at 1 for 10, and will apply to all shareholders as of February 15, 2010.

About Dutch Gold Resources:

Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Basin Gulch project Montana, the Jungo property outside Winnemucca, Nevada, and the Benton Mine in Oregon comprise the Company's current portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. The Company also will position its subsidiary, Aultra Gold, Inc., to take advantage of global opportunities in precious metals development and production.

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

For further information, please see or please contact Jason Assad at Dutch Gold Resources, Inc. at (404) 419-2440.

Contact Information

  • Jason Assad
    Dutch Gold Resources, Inc.
    (404) 419-2440