SOURCE: Dutch Gold Resources, Inc.

February 04, 2010 10:12 ET

Dutch Gold Resources Inc. Discusses Shareholder Value Proposition

New Assets and Expanded Management Team Among Actions in Process

ATLANTA, GA--(Marketwire - February 4, 2010) -  Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) (the "Company") (, today provided guidance regarding its plans and strategies for maximizing shareholder value, and increasing its position in the marketplace.

We have previously announced our Four Step plan for moving from a junior miner, into the intermediate marketplace. This plan provided for a combination of growth through acquisition, and organic growth though leveraging our geological, engineering and technical skills to increase the potential of the properties under management. Following is a summary of the Company's achievements over the last six month and the near term steps underway for the next six months:

1 -- We completed the acquisition of Aultra Gold, Inc.'s assets and integrated its management and technical skills with our staff's investment banking and merger/acquisition experience;

2 -- We have preserved the public company status of AGDI, which gives us an additional platform to potentially expand our operations and assets, either through organic growth, or via acquisition. We own 67% of AGDI's shares and will consolidate their financial results with ours pursuant to current accounting regulation;

3 -- We have doubled the number of mining properties from the Gold Bug and Benton mines in Oregon, to now include Basin Gulch in Montana, and Jungo in Nevada. As a result the size of our mineralization high-grade gold assets has grown from 330,000 ounces to 3 million ounces;

4 -- We have plans underway to enhance the valuation of our existing properties with additional drilling and development work. Additionally, we expect to complete a revised mining plan for the Benton site;

5 –- We continue to evaluate other complementary properties to be added into our portfolio. However, there can be no assurance that we will enter into an agreement to acquire either of these sites or that if an agreement is reached that it will be on terms favorable to the Company.

This press release 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 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.

For further information, please see or please contact Jason Assad at Dutch Gold Resources, Inc. at (404) 419-2440.

Dutch Gold Resources, Inc. accepts sole responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Dutch Gold Resources, Inc. and its business. Forward-looking statements are statements that are not historical facts and include resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Dutch Gold Resources, Inc. actual results or achievements to differ materially from those expressed in or implied by forward-looking statements. These risks, uncertainties and other factors include, without limitation risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Dutch Gold Resources, Inc., properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Dutch Gold Resources, Inc. SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Dutch Gold Resources, Inc. management at the time they are made, and other than as required by applicable securities laws, the Dutch Gold Resources, Inc. does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

Contact Information

  • Contact
    For further information, please see
    or please contact:
    Jason Assad
    Dutch Gold Resources, Inc.
    (404) 419-2440