Pacific Gold Corp.

Pacific Gold Corp.

July 20, 2011 09:00 ET

Pacific Gold Corp.-Stock Quotation Upgrade

TORONTO, ONTARIO--(Marketwire - July 20, 2011) - Pacific Gold Corp. (OTCQB:PCFG)

Pacific Gold announced today that the Company's stock has been upgraded to now be quoted on the OTCQB market tier of the OTC marketplace.

The OTCQB is the OTC market tier for companies that report to the SEC or a U.S. banking system or insurance regulator. Investors can find Real-Time quotes and information for the Company at

The Company has worked hard to ensure all financial requirements are now up to date. Moving up to the OTCQB will allow the company to reach a larger potential number of investors and bring greater awareness to the Company. The transparency of the OTCQB, and its tier requirements, is of benefit to all current and potential shareholders.

The OTCQB is the chosen market tier of many broker-dealers compared to the OTCBB which is currently undergoing changes. It is the broker-dealers (market makers) who chose whether to quote a Company's shares on OTC Markets Group's OTC Link platform (for OTC Pink, OTCQB and OTCQX securities) or the OTCBB; it is not the Company's choice. Please read below in the "About OTCQB" section of this release for a better understanding of the current quotation markets.

In the future, as the Company develops, PCFG will investigate other potential market tiers that may be a benefit to the Company.

About OTCQB:

OTCQB was created in 2010, by OTC Markets Group, in response to the increasing number of U.S. reporting companies quoted solely on our OTC Link Platform. OTCQB was created to help investors identify OTC-traded companies that report to the SEC.

Ten years ago, OTC Markets Group saw a need to bring electronic trading to what was then a telephone-only OTC marketplace on the OTC Bulletin Board. Broker-dealers responded favorably to this new electronic platform (OTC Link) and superior customer service and overwhelmingly use the OTC Link platform to trade OTC securities. Today, over 95% of broker-dealer OTC priced quotes are on the OTC Link platform compared to less than 5% on FINRA's OTC Bulletin Board (OTCBB). As a result, most OTC companies are no longer quoted on the OTCBB.

OTCQB is fully accessible to investors and offers broker-dealers an electronic trading environment. Investors can trade OTCQB securities through their preferred broker-dealers and get real-time quotes through online broker-dealers such as E*Trade, Fidelity, Scottrade, Schwab, and TD Ameritrade.

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. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp. ("Pacific Metals") 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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