SOURCE: Dutch Gold Resources, Inc.

March 06, 2008 09:30 ET

Dutch Gold Resources Retains Kingsdale Capital International Inc. in Advisory Role for Business Development and Strategic Planning

ATLANTA, GA--(Marketwire - March 6, 2008) - Dutch Gold Resources, Inc. (PINKSHEETS: DGRI), a developer and operator of proven gold mines and a regional mill in North America, today announced it has retained Kingsdale Capital International Inc. in an advisory capacity as Dutch Gold enters its next growth phase.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We have retained the services of Kingsdale Capital International, a Toronto-based company, for its exemplary strategic advisory capabilities and its expertise in working with resource companies in Canada, the United States and other regions of the world. We plan to achieve important milestones in 2008 and we are looking to Kingsdale Capital International to help us implement the most expeditious strategy for achieving our goals. Broadly speaking, we plan to ramp up production, expand our exploration efforts and, in doing so, utilize our resources most effectively."

Joseph Duggan, chairman of Kingsdale Capital International, stated, "An extraordinary amount of strategic planning is involved in moving a company forward and putting the appropriate pieces in place for sustained growth and we are pleased to offer Dan and his team the benefit of our expertise in the natural resource sector. Given its proven gold reserves, Dutch Gold is well positioned to enhance its resource base as well as to expedite the company's exploration and drilling programs during the months ahead. In our role as advisor, we will also assist the company in reviewing acquisition targets, potential joint ventures and strategic partnerships to develop the resource base organically as well as through direct acquisition of targeted companies and properties."

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. Please visit the Company's website for additional information 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