VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 11/16/12 — Blue Gold Mining Inc. („Blue Gold“ or the „Company“) (TSX VENTURE: BGX) reports financial results for the three months ended September 30, 2012 and provides an update on the Company-s corporate activities. All amounts are presented in Canadian dollars unless otherwise stated.
HIGHLIGHTS TO DATE
Business Development Activities
Exploration Activities
SELECTED FINANCIAL DATA
The following selected financial data is derived from Blue Gold-s financial statements for the three month period ended September 30, 2012, as prepared in accordance with International Financial Reporting Standards („IFRS“).
Details of the Company-s financial results are described in the condensed interim financial statements and corresponding Management-s Discussion and Analysis for the three months ended September 30, 2012. These and further details on Blue Gold-s project and activities can be found on the Company-s website at and on SEDAR at .
All technical information contained in this release has been reviewed and approved by Scott Heffernan, P. Geo., Vice-President – Exploration for Blue Gold and a „qualified person“ within the meaning of National Instrument 43-101.
All statements in this press release, other than statements of historical fact, are „forward-looking information“ with respect to Blue Gold within the meaning of applicable Canadian securities laws, including statements that address exploration drilling, potential quantity and/or grade of minerals, potential size or location of a mineralized zone, potential expansion of mineralization and the timing of exploration programs and the completion of the Arrangement with Riverstone.
Forward-looking information is often, but not always, identified by the use of words such as „seek“, „anticipate“, „plan“, “ continue“, “ planned“, „expect“, „project“, „predict“, „potential“, „targeting“, „intends“, „believe“, „potential“, and similar expressions, or describes a „goal“, or variation of such words and phrases or state that certain actions, events or results „may“, „should“, „could“, „would“, „might“ or „will“ be taken, occur or be achieved. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company-s property; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Blue Gold-s operations and other risks and uncertainties, risk of not completing the Arrangement with Riverstone and including those described in Blue Gold-s Annual Information Form for the year ended June 30, 2012.
Forward-looking statements are based on the beliefs, estimates and opinions of Blue Gold-s management on the date the statements are made. Except as required by law, Blue Gold undertakes no obligation to update these forward-looking statements should management-s beliefs, estimates or opinions, or other factors, change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Blue Gold Mining Inc. Mark O-Dea Chairman and CEO 604-683-7790
Blue Gold Mining Inc. Sean Tetzlaff Chief Financial Officer 604-683-7790
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