SOURCE: Gold Bag, Inc.

June 01, 2011 08:30 ET

Gold Bag's Focus Gold Mexico Corp. Releases New 43-101 Report Stating Mineralization Consistent With a Large Porphyry Copper-Gold System

RENO, NV--(Marketwire - Jun 1, 2011) - Gold Bag, Inc. (OTCBB: GBGI), operating as Focus Gold Corp.("Focus"), has released a new 43-101 compliant technical report (the "Report") on its Focus Gold Mexico Corp. ("FGM") properties (the "Properties") in Huicicila, Nayarit State, Mexico. As stated in our press release on March 28, 2011, Focus commissioned the Report to cover the over 29,000 hectares FGM now controls as opposed to the original report prepared in November 2010, which covered only the 1,000 hectare Huicicila property. The report was prepared by Carl Nelson (the "Author"), a certified professional geologist with several decades of world-wide experience in both epithermal and porphyry-related deposit types.

In the Report, the Author states that the rock units, alteration, base and precious metal vein mineralization observed on the Properties are consistent with a porphyry copper-gold deposit type. Poly-metallic, high-grade veins (with up to 52 grams per tonne gold) which up until now have been the focus of exploration (and historic production) on the properties are now interpreted as indicators of a buried porphyry copper-gold system. In addition, recent geologic mapping and exploration have recognized several areas of classic porphyry copper-gold style hydrothermal alteration and mineralization. These include quartz-sericite-pyrite (phyllic) alteration in granodiorite and diorite intrusive rocks as well as a potassically altered diatreme breccia which contains visible copper mineralization. Alteration zones appear to be roughly circular in shape and cover a large area (over 10 square kilometres mapped to date), consistent with the presence of a large buried porphyry copper system.

Grant White, CEO of Focus, commented, "We are incredibly excited about these new findings on our Properties and the significant value potential a porphyry copper gold deposit represents. As such, the primary emphasis in our future exploration activities will be to demonstrate the presence of this porphyry deposit as opposed to our initial high grade vein exploration strategy. This change in priority is driven by the potential large size and potential billion dollar value at current copper and gold prices of even a modest-sized porphyry deposit. The Company intends to aggressively explore the Properties over the next few months: an initial diamond drill program of 12-15 holes (250 metres each) to test outcropping targets (including the copper-bearing diatreme breccia) is planned to begin within the next 45 days. Ongoing geological mapping and geochemical sampling is expected to quickly lead to the definition of additional drill targets."

The entire Report is now available on our website at www.focusgoldcorp.com and should be read in its entirety.

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 the Huicicila, Focus 1 and Focus 2 properties in Mexico through the company's wholly owned subsidiary Focus Gold Mexico Corp., two properties in the Timmins Mining District in Canada through an option agreement with Victoria Gold, 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.

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