SOURCE: Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc.

December 03, 2009 09:41 ET

Gold Hits Record Highs; Dutch Gold Resources Announces Steps to Improve Transparency

Gold Exceeds $1,225 as Company Announces Initiative to Improve Shareholder Communications

ATLANTA, GA--(Marketwire - December 3, 2009) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) today announced that it has begun the process of improving transparency for its shareholders and investors. As gold continues to reach new highs, the Company announced the implementation of a program to improve its communications with investors.

This program will consist of a new "interactive" website as well as a presence on social media platforms to enable a dialog with investors. The new website will be launched in January 2010 and will allow investors to get a more detailed description of the Company's holdings, operating results and future plans. The Company has purchased the domain which will be launched with new content and features this coming January.

Gold hit record highs over $1,225 an ounce on Thursday as the precious metal continued to attract investors looking for an alternative to the dollar. Gold has risen by more than 7 percent since touching a low of $1,136.80 last Friday on fears of a possible default on debt in Dubai, which spurred investors to sell the metal to raise cash to cover losses.

"The persistent view that the dollar will remain weak stems from moves to review dollar-based assets and the belief that interest rates will be stuck at low levels, and these are factors that remain unchanged," said Daniel Hollis, CEO. "Gold reached record highs in euro and sterling terms on Thursday, and has risen 25 percent in the last three months," added Mr. Hollis.

About Dutch Gold Resources, Inc.

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 Company is currently negotiating three transactions, which, if and when completed, could significantly increase the company's holdings. DGRI management has strong experience in mergers and acquisitions, as well as corporate finance.

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.

Contact Information

  • Contact:
    David K. Waldman
    Klea K. Theoharis
    Crescendo Communications, LLC
    (212) 671-1020