Pacific Gold Corp.

Pacific Gold Corp.

August 22, 2011 13:15 ET

Pacific Gold Corp.-NRG Leases 100% of B&B Mining Claims

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2011) - Pacific Gold Corp. (PINK SHEETS:PCFG)(OTCQB:PCFG)

Further to the Company press releases of June 14th and August 2nd 2011, Pacific Gold Corp. ("PCFG") is pleased to announce that Nevada Rae Gold, Inc., ("NRG") a subsidiary of PCFG, has expanded its lease agreement with the owners representing the remaining 25% interest in the B&B claims that the Company had not previously leased. NRG now has a lease agreement covering 100% of the B&B claims.

The B&B claims area encompasses almost 2,000 acres of additional federal mining claims containing gold bearing gravels. The B&B claims more than double NRG's existing land area in Crescent Valley at the Black Rock Canyon Mine.

To find out more about Pacific Gold Corp. (PINK SHEETS:PCFG)(OTCQB:PCFG), visit the Company's website at

About the Company

Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.

This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

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