SOURCE: Dutch Gold Resources, Inc.

May 24, 2007 10:00 ET

Dutch Gold Resources Further Enhances Mill to Process Free Gold

Company Nears Completion of Audit to Become Fully Reporting

ATLANTA, GA -- (MARKET WIRE) -- May 24, 2007 -- Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has installed a Knelson Concentrator at its Merlin Mill near Grant's Pass, Oregon, following the recent discovery of unusually high amounts of free gold, not commonly seen in structures such as the zones being developed. The Knelson Concentrator is said to offer the most efficient and highest precious metal recovery performance in the industry. Installation of the Knelson concentrator follows the company's recent announcement it has increased capacity at the mill from 120 tons of ore per day (TPD) to 330 TPD.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "Our mill team responded quickly to the discovery of free gold and installed the Knelson Concentrator to capitalize on these favorable findings within a matter of weeks. We expect to immediately benefit from our expanded capacity to capture gold from our ore and the initial assays indicate higher recovery rates in our first production runs since installation of the new equipment. Our operating team intends to make additional enhancements to the mill, which we believe will further optimize our recovery rates."

Separately, Mr. Hollis reported, "Our efforts to bring the Company into full reporting status are progressing, and we anticipate completion of our audit during the second quarter."

About Dutch Gold Resources, Inc.

In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company's strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Additional information about the company is available at: www.dutchgoldresources.com.

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