Added some shares at $1.49 this morning. Until we get the financials out there and on to even the OTCBB I think we are going to see some wild swings on low volume. This may be the best opportunity to pick up shares towards the low end of the current range.

Joe

Dutch Gold Resources Reappoints Benton Mine GM, Begins Drilling Initiative
Monday April 9, 8:30 am ET

ATLANTA, GA--(MARKET WIRE)--Apr 9, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and regional mills in North America, today announced that Patrick Engel has agreed to a multiple year extension of his role as General Manager of the producing Benton Mine and has agreed to oversee the development of the Gold Bug Mine.

The Company has also begun a drilling program to develop a longer term mining plan for the Benton mine and expects to deploy the drilling team and resources as it opens the Gold Bug mine later this year.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "Patrick Engel has done an excellent job transitioning Dutch out of the development stage and into production. He is an established and well-regarded member of the community. Further, he has proven his diligence, in building and supporting the great team that is running the Benton project. We are pleased to secure his services for the long term."

"It has been wonderful to participate in the growth of the Benton mine and the expansion of our mill," reported Patrick Engel, General Manager. "We are now beginning to actualize the some of the potential in this project. With the data from the drilling program, we will set out a longer-term mining program in a way to enhance the predictability of our production."

Additional information about the company is available 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
Crescendo Communications, LLC
(212) 671-1020 x101

I bet they still have the largest mining payroll in the county. I think it will be interesting to see how this plays out in the area. Looks to me like a lot of old mines that could be attractive takeover candidates at the right price. Increasing reserves is going to be more important down the road once they get running at full capacity.

Joe

re: 1963 article

What a jewel that article was! This is the real deal.
Thanks for posting this.

'63 was a great year for me...my birth-year!

getting some good vibes with Dutch.

I pulled this info out of a report done in 1963.

http://ir.library.oregonstate.edu/dspace/bitstream/1957/2720/1/vol25_no6_ocr.pdf

DGRI in the local newspaper

By Jeff Duewel
of the Daily Courier
MERLIN — Fred Wilcox scooped out a handful of dull, gray mud from a large fiber sack.
You wouldn’t know it, but thar’s gold in that mud — about 18 ounces per ton, produced at Dutch Mining’s mill at the back end of the Rendata Industrial Park, formerly the site of Miller Redwood.
“This isn’t a new industry here, it’s one that’s coming back,” said Wilcox, the mill superintendent, alluding to Southern Oregon’s mining roots.
Dutch Gold Resources, which owns Dutch Mining, recently completed a $4 million upgrade to the mill, which now can process more than 300 tons of ore a day, up from previous capacity of 120 tons.
A few truckloads were hauled from the Benton Mine beginning in mid-March, and the company hopes to ramp up to full production within a year, Wilcox said. That could mean 30 workers at the Benton Mine and about 10 at the mill. The company went public in January. It has already hired several miners from Nevada, Idaho and Alaska, mining-rich states.
It’s the culmination of 13 years of work, investment and, like any mining operation, some luck.
When the price of gold spiked last May to about where it is now, about $675 an ounce, the company hastened the mill upgrade which began in 2005, said Patrick Engel, CEO of the Rendata Industrial Park and a shareholder in Dutch Gold Resources
Dutch Mining formed in 1994 to investigate re-opening the Benton Mine, which from 1935 to 1942 supported 60 miners and produced $550,000 in gold. The underground mine is located in the Whiskey Creek drainage above the Rogue River a few miles northwest of Grave Creek Bridge.
Dutch Mining did small amounts of test milling for several years at Rendata, slowed by a slump in gold prices in the late 1990s. With the expansion, the company anticipates moving into the Gold Bug Mine adjacent to the Benton.
Inside the 320-foot-long mill building, ore is crushed, pulverized in a rotating ball mill, and mixed with an alcohol-based solution in flotation cells where gold particles stick to bubbles. The solution is then run through a thickening tank, and another filter to produce the mud concentrate that contains the gold.
Leftover sand and mud, or tailings, are unloaded in the former log ponds for Miller Redwood.
The concentrate is sold to a buyer who trucks it to Mexico for smelting into gold bars, Engel said. The ore also produces small amounts of silver, aluminum, copper and iron.
“The increase in mill production bodes well for us as we anticipate additional opportunities exist for us to mill neighboring mines’ ore,” said Dan Hollis, CEO for Dutch Gold Resources, in a company news release.



There are hoops to jump through before Dutch Gold gets close to processing 300 tons a day year-round, despite having permits from the Department of Geology and Mineral Industries, Department of Environmental Quality, Department of Water Resources and others.
At the Benton Mine, the company still operates under an exploratory permit from the 1990s, according to Ben Mundie, reclamationist for DOGAMI.
That allows mining of only 5,000 cubic yards of material a year. Wilcox said ore from the Benton is 3.27 tons per cubic yard, so the permit allows about 16,000 tons, which would run the mill about 50 days at full capacity.
To go beyond, the company needs an operational permit, and there are only a handful of mines with a full operating permit in the state, Mundie said.
“They’re touting themselves as a fully operational, fully permitted gold mine,” Mundie said. “There’s going to be some engineering required to get that operational permit. It will have a lot tighter control than the current permit.”
“We are applying for that right now,” Wilcox said. “By the time we get to the point where we need that, we’ll have it in place.”
The company is also seeking gold ore from other sources to run through the mill.
Mundie said one thing in the mill’s favor is that gold-bearing ore from Benton does not contain sulfides, which create acidic runoff from tailings. A good example is the ill-fated Formosa Mine in the Cow Creek drainage between Glendale and Riddle, where acid runoff has polluted Middle Creek. The mine, defunct since 1993, has been proposed for a Superfund site for cleanup. The Dutch Mining mill has some equipment formerly used at Formosa, Wilcox said.
“The water quality issues at the (Rendata) site aren’t as severe,” Mundie said.
Engel is confident Dutch Gold will eventually operate at or near full capacity.
“This thing will grow,” Engel said. “We’re in it for the long haul. So far we’ve been lucky and well situated.”

I talked to a friend of mine who has been close to the mining industry for the last 20 years and he thought costs of roughly $300/ounces for a mill like theirs was in the ball park. What he did want to stress is that as tons per day that are being processed go up average cost per ounce goes down. Basically as with many industries there is efficiencies in scale. So at 100 TPD our cost may be around $300/ounces but he sees that number being much lower for 300 TPD operation. Should be interesting as they really get rolling over the next few months.

Joe

They are actually most likely profitable at as low as $350 an ounce. At $600 plus an ounce, the company is literally a cash cow.

They are running lean and mean, the way you should when you are trying to build shareholder value.

SM

I worked the grading numbers backwards using the following assumptions.

3 weeks operation
120 TPD rate
Minimum 800 ounces

Using this simple equation:

(Days x TPD) x Grade = ounces

Grade = Ounces/(DaysxTPD)

Grade = 800/2520

Grading about .32 ounces/ton

Valuation-

As Joe has said, this company will get very interested once financials are out and the investing community becomes aware of it.

If gold juniors usually trade at a P/E of 30 and DGRI can do .10-.15 in fiscal EPS, that's a price range of $3-4.50 in PPS. (fair value)

I seem to remember hearing that DGRI is profitable at $600/gold or higher...so anything above that is pure gravy.

Seven reasons why gold should surge

Brodrick, Money and Markets
Last Update: 4:32 PM ET Apr 1, 2007

JUPITER, Fla. (M&M) -- I believe gold about to surge to $700 ... then $800 and potentially higher. Here are seven reasons why ...
1. China can't get enough gold
According to the China Gold Association, China's gold production hit 19.9 metric tonnes in January, up 25.7% from a year earlier. At this rate, China should produce 260 tonnes this year. And it's STILL not enough to meet Chinese demand - it falls about 100 tonnes short.

And the gap may be even BIGGER! This is "The Year of the Golden Pig," in the Asian calendar, and many Chinese buy gold to celebrate. China's 2006 gold consumption grew by an amazing 17%, and the Shanghai Gold Exchange reports that gold trading volume 72.83% in January.

2. Two India gold ETFs are launching
The first gold ETF in India is Benchmark Mutual Fund's Gold BeES. It launched on February 15. The second gold ETF in India is rolling out now, launched by UTI Mutual Fund. The new ETF is called, naturally enough, UTI Gold Exchange Traded Fund.
According to Rajesh Bhojani, President of Marketing for UTI Mutual Fund, about 30% of the gold market in India is investors. I wonder what the new gold ETF will do to that percentage?

3. Existing gold ETFs are pumping up demand
We already know what gold ETFs have done here in the U.S. When the StreetTRACKS Gold Shares gold ETF (GLD : streetTRACKS Gold
GLD66.81, +0.98, +1.5%) started in November of 2004, it held about 100 tonnes of gold and gold traded at around $450 per ounce. Now, there are 476 tonnes and gold is trading around $650 per ounce. That's not a coincidence. The Gold Shares gold ETF and other gold ETFs around the world make it easier than ever for people to invest in gold. Why? Because there are several advantages of investing in GOLD ETFs:

No hassles of safety
No resale concerns
Quality Assurance
No making charges
More tax efficient in absence of wealth tax and long-term capital gains tax

Despite the recent sell-off in markets of all types, the amount of gold held by the GLD barely budged (down 2.2% from its peak). I expect U.S. investors to start adding again, and that will drive prices even higher.

4. Investment demand is booming
Reuters reports that worldwide investment demand for gold should remain at historically high levels this year, with investors continuing to buy large volumes of gold in bullion, coin and jewelry. CPM's 2007 Gold Yearbook report predicted investors would likely add another 39.7 million ounces to their gold holdings in 2007, after investing 43.5 million ounces in 2006.
I believe this estimate of demand is too conservative. See reasons 1 through 3 for why.

5. Central bank gold stockpiles have swooned to a 60-year low
The International Monetary Fund (IMF) reports that the amount of gold held by central banks and other government organizations declined for the eighth straight year in 2006. Bullion holdings were 867.6 million ounces last year, down 1.2% from 2005, the lowest since 1948, according to the World Gold Council.
The Russian Central Bank was the only one to make purchases last year, up 3.8% to 12.91 million ounces, according to the IMF. Speaking of China, it is still holding 19.29 million ounces in December -- unchanged since 2001.
But here's some interesting news: China is setting up a managed fund to handle its more-than $1 trillion in currency reserves. This will be Asia's biggest government controlled fund. China has to do something -- 70% of its currency reserves are in the U.S. dollar and the greenback could get creamed as China's currency, the renminbi (or yuan) appreciates. China is already losing money on the deal, writing off $3.4 billion in exchange-rate losses in 2006.
In short, China needs to invest in something other than dollars. A smart move would be to buy more gold for its central bank reserves. Even a small move in this direction would send gold soaring.
What's more, central bank gold sales fell to 11.4 million ounces in 2006, down from 20.6 million ounces in 2005. If this trend continues, that will also boost the price.

6. Miners can't find new deposits fast enough
Analysis by Metals Economics Group shows exploration budgets increased to almost $7.13 billion in 2006 -- the fourth consecutive annual increase since the bottom of the exploration cycle in 2002 and the highest total since MEG began these reports in 1989. MEG analyzed budgets for 1,624 companies (using a $100,000 cutoff), which MEG estimates covers about 95% of worldwide commercially oriented nonferrous expenditures.
Adding in the other 5% of companies gives total expenditures for commercial nonferrous metals exploration of $7.5 billion. That blows past the previous high of $5.2 billion in 1997 to set a new pinnacle of global nonferrous exploration.
So where is all this gold? Well, it takes time to bring new gold mines online ... and the big 'n' cheap-to-mine deposits have already been found. Meanwhile, production at existing but long-worked mines is grinding down. As a matter of fact ...
South Africa's gold output fell nearly 8% in 2006 from 2005. It is now at its lowest level since 1922!
U.S. gold output for last year declined slightly from 262 tonnes to 260 tonnes.
Australian production fell 4.5% to 251 tonnes.
Peruvian gold production fell to 203 tonnes from 207 tonnes.
Russian gold output dropped to 152 tonnes from 156 tonnes
Canada's gold production fell a whopping 11% to 104 tonnes.
Bottom line: Big gold producers are finding it tough to replace their reserves. That's why we saw huge mergers last year. Yamana merged with RNC Gold ... Glamis Gold bought Western Silver ... Goldcorp merged with Glamis ... Barrick bought Placer Dome.
Heck, just look at mine supply. Despite the price of gold rising for years, supply from mines is actually going DOWN. Since mine supply doesn't cover demand, where does the rest come from? From scrap, central bank gold sales and stockpiles, all of which are being depleted. And that is a recipe for much higher prices.

7. Gold charts show opportunity
Take a look at a weekly chart of gold. You can see that gold is channeling higher. The rate of ascent is INCREASING. It is at the BOTTOM of the channel now. It appears that gold is presenting the best buying opportunity since January. The next big move will likely be over $700 per ounce. And if we have a breakout, all bets are off.
Those are seven good reasons why I think gold will head higher. I could give you a lot more.

How to play the surge

I prefer junior gold miners, but they can have wild ups and downs. There other ways to play this surge that are less cardiac-inducing. You can always buy the streetTracks Gold (GLD : streetTRACKS Gold

I think when they get the financials released there will be a lot more interest from the investment community. I am sure it will take some time but its good to know its a priority with management. They seem to be doing what they said they would do in terms of getting the mine producing and increasing production. I don't see much downside from here but will take advantage of any dips.

Joe

Me too Joe.

SM

Adding some shares this morning in the $1.50 range. Unless my numbers are way off or gold drops significantly I can't see where there is much risk over the next 12 months.

Joe

Both releases on Kitco this morning. Good exposure.

http://www.kitco.com/pr/2177/article_04042007090334.pdf

http://www.kitco.com/pr/2177/article_04042007090310.pdf

Seems like most Junior Gold Mining companies sell at a minimum PE of around 30. Just with the current low rate production numbers that produced 800 ounces in just 3 weeks seem to get us close to .10-.15/share for the next year. Given we have potential to do 3-4X those numbers gives me a good feel for where this stock could be in another 12 months.

Joe

Hard to believe many would be selling after todays news. Company is really coming together in a hurry. Buying opportunity did not last long in the $1.50's.

Joe

Dutch Gold Resources Reports Initial Gold Sales
Tuesday April 3, 7:30 am ET


Company Successfully Ships in Excess of 800 Ounces in March


ATLANTA, GA--(MARKET WIRE)--Apr 3, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and a regional mill in North America, today announced that it has commenced its first regular shipping of gold concentrate.

The Company recently announced the successful upgrading of their mill in Grants Pass, Oregon, the only commercial mill in the area, resulting in a 175% increase in capacity. Utilizing the newly upgraded mill, the Company successfully completed three shipments during the month of March.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We're pleased to have commenced regular gold shipments. This inflection point marks the Company's successful transition from a testing phase to a production stage. Beginning in April, we expect to increase our output to average four shipments per month leveraging our recently upgraded mill infrastructure and higher output capacity for second quarter."

"Our initial assays indicate production for the three week milling period of at least 800 ounces of gold," reported Patrick Engel, General Manager. "Our mining and milling teams are doing a great job working in unison to bring the ore from the ground. Their hard work is enabling us to utilize more of our increased mill capacity while increasing the amount of concentrate we are able to ship."

With todays news I have revised my estimates going forward. I have made the assumption the secondary 120 TPD mill will be brought back on to handle the Gold Bug mine. Using the 330 TPD estimates on the Benton mine and assuming the mine operates only 10 months per year I come up with a range of earnings based on .25 - .50 gradings of $7.35M - $14.7M. The Gold Bug mine comes out with another $2.7 - $5.4M in earnings potential. Total once both are operating roughly $10-$20M in earnings/year. Here are my estimates. Let me know if anyone finds an error.

Dutch Gold Resources

Website
http://www.dutchgoldresources.com/Home_Page.html

Announcement of Acquisition
http://biz.yahoo.com/iw/070116/0203611.html

Announcement of Benton in Production
http://biz.yahoo.com/iw/070313/0225969.html

Announcement of Company becoming fully compliant with filings
http://biz.yahoo.com/iw/070327/0231156.html

Company Completes Mill Upgrade
http://biz.yahoo.com/iw/070402/0233924.html

Background: Company used a previous Shell to reverse merge to take over the Benton and Gold Bug mine in Oregon. The company has spent over $9M to build a processing mill and prepare the Benton mine for production. After the Benton mine is in full production the Gold Bug mine will be started up. With the only permitted processing mill in Oregon there are numerous acquisition targets within several miles that can be procured to add to production and reserves in the future.

Information from Company. Financials being worked on and will be released within 2 months.

Fully Diluted Outstanding 38M
Float 8M
Management owns 30M
Reserves:
Benton Mine 235K oz – Only small amount of land has officially been surveyed. Additional reserves expected.
Gold Bug mine. Reserves to be determined. Averaged 2 oz/ton when mined in the 40’s.


Debt Zero
Status of Mine: Fully permitted and in production. Capacity is 330 tons/day.
Mine Life – 10-15 years

Assumption mining costs aprox. $300/oz, mine in production 300 days/year
Revenue Estimates based on Grading estimates @ 330 tons/day
Grading @.25oz/ton = 82 oz/day x 300 days/year = $14,700,000/year @$600/oz
Earnings estimate approx. $300/oz = $7,350,000/year

Grading @.50oz/ton = 164 oz/day x 300 days/year = $29,400,000/year @$600/oz
Earnings estimate approx. @ $300/oz = $14,700,000 year

Earnings Estimate for Gold Bug Mine
Assumes usage of 120 TPD Mill
At Capacity of 120 tons/day range 2.7M (.25 oz/ton) to 5.4M (.50 oz/ton) in earnings

Future Plans:
1) Update and release financials (Next 2 months)
2) Apply to OTCBB(2 months) and then to AMEX after $2 requirement met
3) Bring Benton up to full capacity (Over next several months)
4) Open up Gold Bug Mine – Late 2007
5) Update Website
6) Start Investor Relations Effort
7) Present at Minerals Conference – Late 2007

Simply put, they are executing. I agree with you that if the pattern persists, the shares should see nice appreciation going forward.

SM

That is great news. The company is already producing and looks like production can triple as they ramp up over the next few months. I don't think there are going to be many buying opportunities in this price range for very long.

Joe

Dutch Gold Resources Completes Major Mill Upgrade
Monday April 2, 4:30 pm ET

Company Increases Production Capacity Approximately 175%

ATLANTA, GA--(MARKET WIRE)--Apr 2, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and regional mills in North America, today announced that it has completed a major upgrade to its mill in Grants Pass, OR.

The Company has installed, tested, and completed production runs on its new configuration, which the Company believes increases capacity from 120 tons of ore per day (TPD) to 330 TPD. The mill is now fully operational and the Company anticipates it being brought up to capacity over the next two quarters.

Dan Hollis, Chief Executive Officer of Dutch Gold Resources, stated, "We're pleased to announce this sizeable increase in our mill's production capacity. Our plan from the outset was to increase our production from the Benton mine to a level that would have exceeded our prior mill capacity. Assuming favorable weather conditions permit, we expect production to exceed our prior capacity in the very near future. Our goal continues to focus on ramping the mill to capacity with ore from the Benton Mine, followed by the Gold Bug Mine upon its opening. The increase in mill production further bodes well for us as we anticipate additional opportunities exist for us to mill neighboring mines' ore as well being the only currently permitted mill in the area."

"Our team at the mill has done an excellent job during our transition of converting from one platform to the other," reported Patrick Engel, General Manager. "The operation is running smoothly and we anticipate no unforeseen problems maximizing production to full load. We have had multiple production days in excess of 300TPD." The increased capacity is expected to process the Company's production for the next 24-36 months from the Southern Oregon holdings.

The Company will keep the previous equipment in inventory and expects to redeploy 120 TPD line in the future. Dutch Gold operates the Benton Mine and expects to reopen the Gold Bug Mine, which it owns, later this year. Its strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production.

Additional information about the company is available 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
Crescendo Communications, LLC
(212) 671-1020 x101

Mikki,

Welcome aboard. I see you are also in Modavox. These two stocks have the most long term potential that I have seen in a long time. The story unfolding for both over the next 12 months should be really exciting.

Joe

me too.

Some of my buddies are buying as well on any price softness...DGRI has a great story to tell. Rather than waiting 10+ years to build and get permits for a mine, Dutch is mining and milling as we write! Huge difference on this point...."producers" versus "explorers".

I can't wait for the drill rigs to arrive on site and start turning up more Dutch Gold core samples.....

I also have a position of DGRI

Michael
Private investor from Israel

The stock dips down and suddenly a bunch of buyers show up. Although there is not much activity here there does seem to be a lot of interest in the stock.

Joe

thanks

Dutch Gold Resources

Website
http://www.dutchgoldresources.com/Home_Page.html

Announcement of Acquisition
http://biz.yahoo.com/iw/070116/0203611.html

Announcement of Benton in Production
http://biz.yahoo.com/iw/070313/0225969.html

Announcement of Company becoming fully compliant with filings
http://biz.yahoo.com/iw/070327/0231156.html


Background: Company used a previous Shell to reverse merge to take over the Benton and Gold Bug mines in Oregon. The company has spent over $9M to build a processing mill and prepare the Benton mine for production. After the Benton mine is in full production the Gold Bug mine will be started up. With the only permitted processing mill in Oregon there are numerous acquisition targets within several miles that can be procured to add to production and reserves in the future.

Information from Company. Financials being worked on and will be released within 2 months.

Fully Diluted Outstanding 38M
Float 8M
Management owns 30M
Reserves:
Benton Mine 235K oz – Only small amount of land has officially been surveyed. Additional reserves expected.
Gold Bug mine. Reserves to be determined. Averaged 2 oz/ton when mined in the 40’s.


Debt Zero
Status of Mine: Fully permitted and in production. Capacity is 300 tons/day.
Mine Life – 10-15 years

Assumption mining costs aprox. $300/oz, mine in production 300 days/year
Revenue Estimates based on Grading estimates @ 100 tons/day
Grading @.25oz/ton = 25 oz/day x 300 days/year = $4,500,000/year @$600/oz
Earnings estimate approx. $300/oz = $2,250,000 year

Grading @.50oz/ton = 50 oz/day x 300 days/year = $9,000,000/year @$600/oz
Earnings estimate approx. @ $300/oz = $4,500,000 year

Earnings Estimate for Benton Mine only
At Capacity of 300 tons/day range 6.7M (.25 oz/ton) to 13.5M (.50 oz/ton) in earnings

Future Plans:
1) Update and release financials
2) Apply to OTCBB(2 months) and then to AMEX after $2 requirement met
3) Bring Benton up to full capacity
4) Open up Gold Bug Mine – Late 2007
5) Update Website
6) Start Investor Relations Effort
7) Present at Minerals Conference – Late 2007

Bull,

I think we are closing in on a bottom. Looks like the company is getting a lot more proactive in getting news out. I put together some info that I will post here.

Joe

This is what the company said they planned to do. Get the mill operating and generating income and then get the filings up to date. I expect we will continue to hear about the progress they are making over the next several months.

Joe

Dutch Gold Resources Announces Plan to Become Fully Reporting With the SEC
Tuesday March 27, 7:30 am ET


ATLANTA, GA--(MARKET WIRE)--Mar 27, 2007 -- Dutch Gold Resources, Inc. (Other OTC:DGRI.PK - News) (the "Company"), a developer and operator of proven gold mines and regional mills in North America, today announced it plans to become a fully reporting company with the Securities and Exchange Commission at which time it expects to list on the Over The Counter Bulletin Board.

Over the next several weeks, Dutch Gold anticipates filing reports to establish reporting compliance with the Securities and Exchange Commission ("SEC") to reflect Dutch Gold's merger into Tombstone Western Resource, Inc. in January 2007. Shareholders are encouraged to visit the SEC's EDGAR site at http://www.sec.gov to view these reports as they are filed.

Dutch Gold anticipates that all reports will be filed with the SEC by mid-May 2007. Dutch Gold will update shareholders should this deadline be extended due to constraints in completing historical filings.

Additional information about the company is available 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.

Nice to see some volume today. I think it is going to be hit and miss on the volume until we get more information on the company. Financials to get us on to the OTCBB will be a good first step.

Joe

What I like about the business in general is that it is not dependent on technology and the potential for it to become obsolete and we aren't waiting on any FDA approval for a wonder drug.

This business is essentially about blocking and tackling. The gold is there, the reserve reports show it and all they need to do is extract it, mill it and sell it. Maybe easier said than done but you get the idea.

It's simply a pretty straight forward business, easy to model with numerous comps in the space. As they report financials in the future, we should all get a better feel for the potential here. As we speak, I'm cautiously optimistic that potential is "substantial"

SM

I think the whole area is pretty impressive for its gold production. The key being they have the only permitted mine in Oregon. They have a chance to become a nice sized company over time. I think as we hear more it will get even more exciting during the summer months.

Joe

2 ounces of gold per ton!

holy toledo. this is what the average ore grade was historically from the gold bug mine. Most mines can make money at .30 opt (ounces per ton) Dutch's web site talks about more exploration on the gold bug property...I can't wait to see those drill results!

Bmrboy,

Good to see another shareholder show up here. If you know any others send them our way. Todays volume was the highest since they came out of their shell and I think shows there is a real demand for shares. I'm not sure how much lower the shares will go if today is any indication. When shares hit the market someone stepped in and bought all that were out there. I expect the good news to continue flowing which will also drive the stock upward. We know they are in production which is a huge milestone for any of these small Gold companies.

Joe

Thanks, Joe...

I took place in the private placement for this company and I hope to hear good things from them in the coming months, years. My friends live nearby, so it'll be an interesting story to watch unfold.

Looks like it is going to be a high volume day. I think the more people here learn about them the more are going to want some shares. I'll continue to add info as I get it and hopefully the finacials will get done and released over the next month or so.

Joe

Good stuff Joe!

Some nice volume and interest this am. I would have to believe this story will resonate very well with investors as they start to become more transparent in their filings and move to the otcbb.

A domestic gold producer with what appears to be the only permitted mill in Oregon, I assume soon to be profitable with quality management having a ton of their own skin in the game in the form of high insider ownership.

I also found it interesting that apparently this "Gold Bug" mine that they also own and will be bringing into production is a fairly prolific mine having an interesting history. Just Google it and you'll find some history on it.

SM

I have added a couple of pictures of the mill. This was in February and now the mill is running.

Joe

Apparently management and insiders hold the majority of the company's outstanding shares making the float very small.

It's always imperative to me that management themselves have serious skin in the game. I want to know they have a very vested interest in executing their business plan and building value for all of us shareholders.

Although still a bit early in this story, it appears to have all the hallmarks of a potential success story.

SM

Bull,

Sounds good. Stop by once in a while as I will try to post any info I get.

Joe

thanks i'll eye them...most of my funds are tied up right now in some other co.'s so will give me a chance to watch their action....lemme know if u see a good entry

Bull,

Your absolutely right. I have been buying when there suddenly is a dip. The stock is pretty illiquid at this point. I'm not a huge metal guy but my friends who are were so excited I couldn't help but start buying shares. I guess finding new gold stocks like this that are actually in production is rare. One friend sent me an article that said it takes 10-12 years to start up most mines.

Joe

thanks for the response, am interested in their operations but cannot get a good read on the chart/net worth/volume etc to find a decent entry price

JT,

The OS is somewhere between 30-35M from what I have been told. The float is so low you see wide swings in the stock price on even low volume. The market cap would be roughly $70M.

Joe

Bull,

I am not suggesting you rush out and buy the stock now but if you are a true metal head (as I call them) you might want to keep your eye on them. What I like about Dutch is this is really a very unique story. They have two proven properties and a working mill. Most of these small metal companies will take years and millions of dollars before they produce their first ounce. Here they are now in the production phase and given that I expect we will continue to hear good news going forward. From what I have been told the priorities have been to get the mill up and running so they establish cash flow. After that they will get their financials done so they can at least get on the OTCBB. They have talked about going directly to the AMEX but in reality I would be happy with one small step at a time. What I have learned in the market is unique stories like this have a tendency to get rewarded over time. Its worth watching and please ask any questions and if I know the answer I will be glad to respond.

Joe

What is the O/S and MC?? please ladies/GENTS TYIA JTS

why is the stock price trading so high with no financials etc...seems kinda high to buy right now

Thanks for setting up the board.

Looking forward to discussing the prospects of this company.

SM