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Dutch Gold Resources, Inc.: Dutch Gold Resources Announces Commissioning of David Brown & Associates to Update NI 43-101 Compli

^{Published on 2009-05-27 06:58:55, Last Modified on 2009-05-27 07:00:14 - Market Wire}
 

ATLANTA, GA--(Marketwire - May 27, 2009) - Dutch Gold Resources, Inc. (PINKSHEETS: [ DGRI ]) (the "Company"), a junior gold producer, developer and explorer in North America, is pleased to report that it has retained the firm of David Brown and Associates to provide an updated compliant NI 43-101 report on one of the properties it is in the process of acquiring. Based on review of data earlier developed and adjusted for current gold prices, the Company believes that significant additional resources may be economically recovered in the Basin Gulch property that the Company may acquire upon consummation of the proposed Aultra Gold acquisition. To date, 323 reverse circulation and core holes have been drilled on the property for a total of 89,800 feet, with holes ranging from 80 feet to 1,050 feet in depth. In addition, 17,000 feet of trenching has been completed in 40 test trenches. Much of this data was not included in earlier reports.

An earlier NI 43-101 technical report was completed in July of 2006. In 2006, when the price of gold ranged from a low of $520 to a high of $720, the earlier report focused on the property's known underground minable gold resources and was written with the assumption that surface gold mining in Montana is not allowed. In reality, only the use of cyanide in gold recovery from surface mines is precluded. It appears that alternative methods of processing could allow successful gold recovery from selected surface and underground mining on the property. Based on the earlier gold price and excluding surface mining, the earlier report nevertheless indentified open-ended potentially recoverable gold resources of approximately 400,000 ounces. This report did not include the recovery of any silver, which is a strong component of the mineralization at Basin Gulch.

In addition, also in 1996, a non-NI 43101 compliant computer calculation by a consulting company projected an informal shallow open-ended resource of in excess 150 million tons at an average grade of 0.016 opt gold within a much larger low grade gold system, and within which are much higher grade zones and structures. Neither the informal computer calculation nor the 2006 NI 43-101 compliant report addressed several additional open-ended gold mineralized areas that were only lightly drilled, but which appear to have major expansion potential by further exploration.

With today's higher gold prices, and with availability of non-cyanide leaching methods, the Company believes this shallow material may be mined profitably, while protecting Montana's environment. In addition to our planned re-evaluation of the historic work and updated feasibility studies of the currently known mineralization, we also plan an aggressive exploration effort to expand and define known intercepts of high-grade mineralization, and to test potentially large new deeper high-grade targets.

About Dutch Gold Resources, Inc.

Dutch Gold Resources, Inc. is engaged in the production and development of gold reserves in North America. The company's strategy is to focus on overlooked resources that can be quickly and cost-efficiently brought into production, and to seek out potentially significant exploration targets in high value geographies. The Company currently owns the Gold Bug Mine and leases the Benton Mine in Southwestern Oregon, and has entered into an agreement to acquire significant properties in Montana and Nevada, through the pending acquisition of Aultra Gold, Inc. When the acquisition is completed, the Company expects to move to the OTC Bulletin Board, and subsequently apply to be listed in the Canadian markets. Please visit the Company's website for additional information at: [ www.dutchgoldresources.com ].

Forward-Looking Statements

Certain statements in this release, and other written or oral statements made by the company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.