SOURCE: Gold Bag, Inc.

March 23, 2011 08:30 ET

Gold Bag's Focus Gold Mexico Corp. Dramatically Increases Holdings in Nayarit State, Acquires Claim of Approximately 10,850 Hectares

RENO, NV--(Marketwire - March 23, 2011) - Gold Bag, Inc. (OTCBB: GBGI), operating as Focus Gold Corp., has further expanded its holdings in the historic mining municipality of Compostela, Nayarit State, Mexico, by acquiring an additional gold, silver and copper claim totaling approximately 10,850 hectares (Focus 2) adjacent to the east of the Company's Focus 1 claim acquired in February and west of Cream Minerals' Nuevo Milenio project. Focus Gold Mexico now has over 29,000 hectares in the area with most of it contiguous.

The Focus 2 claim presents the same geologic conditions as the Focus 1 claim and provides continuity to some of the mineralized structures already identified on Focus 1. The Company is currently completing geophysical and geochemistry sampling on its Mexican properties to define the anomalies and map the principal structures. Once finished, the Company will commence an exploration drilling program on key targets.

About Gold Bag Inc.

Gold Bag Inc., operating as Focus Gold Corp., is focused on the acquisition and development of gold mining properties throughout the world. Focus Gold's projects include two properties in the Timmins Mining District in Canada through an option agreement with Victoria Gold, the Huicicila, Focus 1 and Focus 2 properties in Mexico through the company's wholly owned subsidiary Focus Gold Mexico Corp., and the pending 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 Corporation. 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