SOURCE: Dutch Gold Resources, Inc.

February 01, 2010 10:02 ET

Dutch Gold Takes Further Steps to Enhance Transparency

Company Files Full NI 43-101 Compliant Report in Form 8K and Launches New Corporate Website

ATLANTA, GA--(Marketwire - February 1, 2010) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") (http://dutchgold.com) is pleased to announce that it has filed a Current Report on Form 8-K with the Securities Exchange Commission which includes the full NI 43-101 compliant report announced on January 29, 2010. Further, the Company is pleased to have launched its new corporate website which is accessible immediately.

The NI 43-101 report is available at www.sec.gov and on the Company's website, www.DutchGold.com. The report details the information developed by the independent geologist as to the scope of the Company's Basin Gulch project.

Daniel Hollis, Dutch Gold CEO, stated, "Management remains committed to keeping our investors well informed. To that end, we have launched a new corporate website, www.DutchGold.com, where our investors should find the relevant information they need in a much more user-friendly format. We believe that this approach is important for both our investors in Canada and the United States."

The report uses the terms "Measured resources," "Indicated resources" and "Inferred resources," which are calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. We advise investors that while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. In addition, "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally minable.

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.

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.

Contact Information

  • For further information, please contact:
    Jason Assad
    Dutch Gold Resources, Inc.
    (404) 419-2440
    www.DutchGold.com