SOURCE: Gold Bag, Inc.

February 16, 2011 08:30 ET

Gold Bag's Focus Gold Mexico Corp. Begins Development of Huicicila and Focus 1 Projects

RENO, NV--(Marketwire - February 16, 2011) - Gold Bag, Inc. (OTCBB: GBGI), operating as Focus Gold Corp., has begun the expedited development of the Huicicila and Focus 1 projects in Nayarit State, Mexico. The development programs, already at an advanced stage, are being undertaken by the company's wholly owned subsidiary, Focus Gold Mexico Corp., and include extensive renovations, exploration, mapping and sampling on both projects.

Employing modern safety standards, the Focus Gold Mexico team has renovated a large portion of the Huicicila Project's Miravalles tunnel with the renovation team currently approaching the historic Asarco Historical Block. Concurrent with the renovations, the Focus Gold Mexico team is conducting expanded exploration, mapping and sampling of the Miravalles vein system.

At the Tres Estrellas vein, which may have the highest grades known in the district, the development program is underway and being expedited.The Company has completed initial geological mapping of the mine area and sampling of the vein and hosting rock. The Focus Gold Mexico team is exploring and mapping the strike to the SE and is preparing exploration plans for the block.

At the Focus 1 Project, the Focus Gold Mexico team has commenced a study of the geochemistry and geophysics of high interest targets on the property.

The Huicicila Project was recently the subject of an NI-43-101 Technical Report commissioned by Focus Gold in which the results of the company's recent exploration and sampling program were presented. The Huicicila Project was described in the report as an "economic to bonanza grade gold-silver deposit" with the identification of "multiple veins with high gold analysis."

On February 7, 2011, Focus Gold announced the significant expansion of its holdings in Nayarit State through the acquisition of the Focus 1 properties that consist of gold and silver claims totaling more than 18,000 Hectares surrounding, to the north and east, the company's Huicicila Project.

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

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    Mark Thorburn
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