SOURCE: Focus Gold Corp.

Focus Gold Corp.

April 26, 2012 08:00 ET

Focus Gold Corp. Announces Corporate Update

RENO, NV--(Marketwire - Apr 26, 2012) - Focus Gold Corp. (or "Focus" or the "Company") (OTCQB: FGLD) (OTCBB: FGLD) is pleased to announce an update on several corporate initiatives.

1) Union Securities has begun marketing the Focus Celtic financing to both institutional and retail clients in Canada and Europe. The transaction is expected to close in escrow in Mid May.

2) The Celtic merger into Pacific Orient on the TSX-V is progressing well with the majority of key filing statement requirements already completed. Under the terms of the merger Focus receives 26.5 million shares in Pacific Orient. Based on the $0.30 price of the Union financing the implied value of such shares on the TSX-V is approximately $8 million. This value represents approximately $0.08 per share to Focus shareholders based on the Company's current shares outstanding.

3) In early April the Company also restructured approximately $400,000 in debt reducing balance sheet risk.

4) The Company has also successfully completed its second option payment in Mexico for the Cila claims.

Grant White, CEO, commented, "We continue to believe our stock price does not properly reflect the value of our underlying assets. The Celtic shares on the TSX-V alone represent approximately $0.08 per share and we obviously strongly believe in the value of our copper-gold porphyry assets in Mexico and our option assets in Timmins, Ontario. We also have made great progress in deleveraging our balance sheet. We're also planning on setting up in the near future a global conference call for our international shareholder base where I'll be giving further details about Company progress and answering any questions investors may have."

About Focus Gold Corporation:

Focus Gold acquires and develops gold mining projects around the world. Focus Gold's current projects include: multiple Nayarit, Mexico claims with a copper-gold porphyry system through the company's wholly owned subsidiary Focus Gold Mexico Corp.; two properties in the Timmins Mining District in Ontario, Canada through an option agreement with Victoria Gold; and the recently closed acquisition of Metallum Resources PLC, holder of exploration licenses in Northern Ireland, Republic of Ireland and Scotland through the company's wholly owned subsidiary, Focus Celtic Gold Corp.

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