SOURCE: Gold Bag, Inc.

February 22, 2011 17:43 ET

Gold Bag's Focus Gold Expands Holdings in Nayarit State, Mexico, Acquires San Nicolas and Santa Fe Claims

RENO, NV--(Marketwire - February 22, 2011) - Gold Bag, Inc. (OTCBB: GBGI), operating as Focus Gold, has expanded its extensive holdings in Nayarit State, Mexico, through the acquisition of two gold and silver claims, San Nicolas and Santa Fe. The two properties provide increased continuity between the company's Huicicila and Focus 1 properties and provide the company with extended trends on both properties.

The 120-Hectare Santa Fe Property strategically extends the company's historic Miravalles Vein. Initial sampling on the Santa Fe Property has indicated more than 500 g/t AG, 5.4% Cu and 22.5% Zn.

The San Nicolas Property includes the caldera border that lies between the Huicicila and Focus 1 properties. The property totals 100 Hectares with initial sampling indicating grades of 27 g/t AU and 2000 g/t AG in the Tiro La Luz area.

The Huicicila Project consists of five gold and silver claims totaling more than 1012 Hectares and was shown in Focus Gold's recently released NI-43-101 Technical Report to be a mesothermal vein system with sample assays showing high gold and silver values in multiple veins.

The recently acquired Focus 1 property consists of 18,286 Hectares that surround the Huicicila Project to the north and east and is adjacent on the east to the caldera containing Cream Minerals' 2560-Hectare Nuevo Milenio property.

CEO, Grant R. White, commented, "The acquisition of the Santa Fe and San Nicolas claims continues the expansion of our Nayarit State holdings. We are especially pleased to be able to acquire an extension of the Miravalles Vein at Huicicila as well as to provide more continuity between the Huicicila and Focus 1 properties through the extension of various prospective trend lines."

About Gold Bag Inc.

Gold Bag Inc., operating as Focus Gold Corp., is a Company focused on the acquisition and development of gold mining properties primarily in the Americas including a recently signed option agreement with Victoria Gold for two properties in the Timmins Mining District and through its wholly owned subsidiary Focus Gold Mexico Corp., the Huicicila mine in Mexico. For further information please visit www.focusgoldcorp.com.

Contact Information

  • Gold Bag, Inc.
    Grant White
    CEO
    (416) 593-8034 ext. 2115

    Investor Relations:
    Desert Son
    (623) 465-0844

    Or

    Small Cap Power
    Mark Thorburn
    416 646-1941