SOURCE: Bullfrog Gold Corp.

Bullfrog Gold Corp.

May 02, 2012 07:00 ET

Bullfrog Gold Corp. Obtains DTC Eligibilty

GRAND JUNCTION, CO--(Marketwire - May 2, 2012) - Bullfrog Gold Corp. (OTCBB: BFGC) ("Bullfrog" or the "Company") announced that the Depository Trust Company (DTC) has granted the Company full eligibility for electronic clearance and settlement. This DTC eligibility eliminates the need to exchange actual stock certificates and reduces the transaction cost to shareholders.

"Bullfrog management has invested a lot of time to obtain DTC eligibility and we are pleased our efforts have been successful," Dave Beling, Bullfrog's President and CEO stated. "This is another positive step forward in the short history for Bullfrog. Giving our shareholders the ability to buy and sell shares with increased efficiency and lower cost is extremely important to us. It will also provide greater liquidity to current and future investors and allows us to expand our shareholder base."

About Bullfrog Gold Corp.

Bullfrog Gold Corp. is a Delaware corporation that has been quoted on the over-the-counter bulletin board market since October 17, 2011 under the symbol BFGC. During 1992, predecessor owners of the Newsboy Project completed a feasibility study and submitted environmental permit applications to the State of Arizona and the US Bureau of Land Management. Historic resources in the main deposit area were estimated in 1992 at 5.3 million tons averaging 0.04 gold opt and 0.7 silver opt. A total of 38,600 feet of drilling and substantial technical work has been completed on the Newsboy Project at an expenditure of more than $5.5 million.

The Company also owns a highly-prospective property located 116 miles NW of Las Vegas, Nevada. These lands are adjacent to Barrick Gold's Montgomery-Shoshone mine and within one mile of Barrick's Bullfrog mine. Between 1988 and 2003 these two open pit mines produced approximately 220,000 ounces gold and 2.3 million ounces of gold, respectively. More information on the Company and its projects may be obtained from www.BullfrogGold.com, or by emailing info@BullfrogGold.com.

Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements". All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although the Company's management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Potential risks and uncertainties include, among others: general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices; risks of junior exploration and pre-production activities; and maintenance of important business relationships. Exploration is highly speculative in nature, involves many risks, requires substantial expenditures and may not result in the discovery of sufficient mineral deposits that can be mined profitably. Once a site with mineralization is discovered, it may take several years from the initial phases of drilling until production is possible, during which time the economic feasibility of production may change. Substantial expenditures are required to establish recoverable proven and probable reserves and to construct mining and processing facilities. As a result, there is no assurance that current or future exploration programs will be successful. Furthermore, the Company currently has no reserves on any of its properties. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Annual Report on Form 10-K, filed with the SEC on February 27, 2012 The Company assumes no obligation to update any of the information contained or referenced in this press release.

Contact Information

  • David Beling, PE
    President, CEO & Director
    970-628-1670