Updates Progress to Become Fully ReportingATLANTA, GA–(MARKET WIRE)–Nov 29, 2007 — Dutch Gold Resources, Inc., a developer and operator of proven gold mines and a regional mill in North America, today announced that Central Mining Services, Inc., a subsidiary of American International Group, Inc., has completed an onsite review of the company’s safety policies and procedures. The report found the company met and exceeded “best practices” for mining companies.
Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, “We are committed to providing a safe work environment for our team and this favorable report from AIG’s Risk Management consultants further illustrates that our safety officers are doing a commendable job. The onsite review also critically reviewed the plant infrastructure and further validates the heavy investments we have made in our state-of-the art mill, which provides us tremendous capacity as we plan to increase our production at the Benton Mine, open the Gold Bug mine in 2008 and begin to examine acquisition candidates that leverage our infrastructure and advanced processing capabilities.”
Wes King, the Company’s risk management consultant who retained Central Mining Services, Inc., added, “Dutch Mining is to be congratulated on their recent workers compensation loss control survey. The report highlighted management’s commitment to safety and their experience in mining and milling operations. It is very commendable to receive such a positive loss control report especially in an industry that insurance companies generally regard as hazardous.”
Separately, Mr. Hollis commented on the progress of the company’s plan to regain reporting compliance: “There have been several unanticipated delays as we near completion of our filings with the SEC. Nevertheless, we have been very thorough and diligent in preparing our filings, and anticipate completing these filings before year-end.”
About Dutch Gold Resources, Inc.
In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in Southwestern Oregon, consisting of the Benton and Gold Bug mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
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.
Contact:
Contact:
David K. Waldman
Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
Source: Dutch Gold Resources, Inc.
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