SOURCE: Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc.

August 20, 2009 10:17 ET

Dutch Gold Resources Outlines Permitting and Development Plans Following Merger With Aultra Gold

ATLANTA, GA--(Marketwire - August 20, 2009) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI) today outlined its near term plans for resource permitting and development for the period immediately following the close of the Aultra Gold, Inc. transaction.

Daniel Hollis, CEO of Dutch Gold Resources, stated, "Our intention, following the completion of the business combination with AGDI, is to move swiftly and diligently through the permitting process, in order to begin drilling and development programs in our Montana and Nevada properties. We intend to retain consultants who can help the Company expedite the permitting processes beginning right after Labor Day 2009. Our goal is to have measurable results further defining the resource base of both the Basin Gulch property and the Jungo property in later Q4 2009."

The Companies are moving expeditiously to complete the transaction that will unite the management teams and projects currently under management and development. Managements expect to file an Information Statement with the Securities Exchange Commission this month in anticipation of a near-term closing. The transaction, scheduled to close in mid-September, is expected allow the combined company to trade on the Over the Counter Bulletin Board (OTCBB).

Post-merger, the combined company intends to seek out additional projects that will enhance its previously announced four-step plan to enhance shareholder value. Management believes that the current capital market environment creates excellent opportunities to acquire high quality projects from other cash-strapped junior gold explorers and developers.

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 currently owns the Gold Bug Mine and leases the Benton Mine in Southwestern Oregon, DGRI management has strong experience in mergers and acquisitions, as well as corporate finance.

About Aultra Gold, Inc.

Aultra Gold, Inc. (AGI) has been formed to become one of the leading exploration, development and acquisition gold companies in North America. Our objective is to focus on low-risk and proven reserves that will be economical and profitable for the shareholders of AGI. Its current assets include Basin Gulch and Jungo, and management includes professional geologists and production experience.

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