SOURCE: Dutch Gold Resources, Inc.

September 21, 2007 14:32 ET

Dutch Gold Takes Delivery of Hagby Drill

Announces New Drilling Program to Focus on Reserves

ATLANTA, GA--(Marketwire - September 21, 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 expanded its core drilling program to prove out additional reserves at the Company's Benton mine. The company also filed a copy of its N.I. 43-101 compliant reserve report on Form 8-K with the Securities and Exchange Commission (www.sec.gov), which estimates the company's Benton mine to have proven, probable and inferred gold reserves in excess of 279,000 ounces. Additionally, the Company has taken delivery on its new Hagby Core Drill, which is expected to double production at the site.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We are pleased to take delivery of the ONRAM 1000/3 Core Drill (http://hagby.com/documents/onram10003.pdf) this past week. The drill has been customized for Dutch Gold Resources' particular needs. While we intend to deploy the new equipment to ramp up our production, we will now begin a program intended to prove up our additional reserves. We have been very encouraged by the results of our recent drilling program, but to date, have focused much of the drilling on supporting our production efforts. We are now expanding our focus on further establishing our reserve base at our Benton mine, expecting to report our findings from time to time over the next six months." "Lastly," continued Hollis, "this additional equipment will also allow us to begin preparatory drilling utilizing recently completed geo-chemical analysis, preceding the opening of the Gold Bug in 2008."

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