Blue Gold Water Technologies Ltd.
CNSX : BGO
FRANKFURT : 2GCN
CNSX : GOX

Blue Gold Water Technologies Ltd.

May 31, 2013 19:47 ET

Blue Gold Water Announces Appointment of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 31, 2013) - Blue Gold Water Technologies Ltd. (CNSX:BGO)(FRANKFURT:2GCN)(WKN:A1WY9Y)(CNSX:GOX) (the "Company") is pleased to announce the appointment of Rocky Bellotti to the board of directors of the Company effective immediately.

Mr. Bellotti, BA LLB, is the Vice President of Bellotti Goodman Inc., a Canadian-based resource focused investment group that invests in and builds resource companies. Mr. Bellotti graduated from York University with a degree in economics and completed his Law Degree in the United Kingdom. Before completing his Law Degree, Mr. Bellotti worked at Dundee Capital Markets and Ned Goodman Investment Counsel. At Bellotti Goodman, Mr. Bellotti's main focus is on structuring early stage transactions with a focus on resources.

As announced in the Company's news releases of April 19, May 7, 13 and 24, 2013, the Company raised a total of $1,515,188 in its private placements, representing a total issuance of 10,376,346 units. As part of the private placement, Bellotti Capital Partners Inc. completed a $2.2 million financing with the Company's wholly owned subsidiary, Blue Gold Tailing Technologies Ltd., bringing the total raised to $3,715,188.

About the Company

Blue Gold Water Technologies Ltd. is a water remediation company with a suite of patent pending technologies and proprietary nano-biotechnology that provides environmentally safe solutions for water purification, restoration and contamination issues. The Company uses the EPA guidelines as a benchmark for what constitutes safe agricultural or drinkable water, and tailors these guidelines to those standards that are acceptable in the jurisdiction in which the technology is used. Additionally, the Company's technology can be used to recover heavy and precious metals from mine tailings.

The Company also holds a 100% undivided interest in the Holy Cross Property, which consists of a single mineral exploration tenure covering 2,005 hectares within the Omineca Mining Division of north central British Columbia.

On behalf of the Board of Directors:

David Rowson, CEO

THE CANADIAN NATIONAL STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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