Blue Gold Reports Third-Quarter Financial Results

Mai 18 20:37 2012

VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 05/18/12 — Blue Gold Mining Inc. (TSX VENTURE: BGX) reports financial results for the three and nine months ended March 31, 2012, and provides a brief update on our corporate activities. All amounts are presented in Canadian dollars unless otherwise stated.

HIGHLIGHTS

Business Development Activities

Exploration Activities

SELECTED FINANCIAL DATA

The following selected financial data is derived from our financial statements for the three and nine months ended March 31, 2012 and 2011, 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 and nine months ended March 31, 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 .

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

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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