updated 11/15/2010 9:46:01 AM ET 2010-11-15T14:46:01

ATLANTA, Nov. 15, 2010 (GLOBE NEWSWIRE) -- Dutch Gold Resources, Inc. (Pink Sheets:DGRI) announced the appointment of Steve Keaveney, CPA, as chief financial officer, effective today. Steve Keaveney has assumed responsibilities for the company's financial functions and compliance reporting. He has significant Merger & Acquisition experience, and corporate finance expertise, making him an important addition to the Board of Directors.

"Dutch Gold has reached a stage in its corporate history where we need to broaden the management team. Strengthening our core team is essential to advance the company's goal of becoming an intermediate mining company," said Dan Hollis, chief executive officer. "Steve's extensive background in auditing and compliance makes him the ideal executive to help us execute our strategy."

"Acquisitions and joint venture partnerships are important components of our plan to find and develop late stage exploration and development projects that can quickly be advanced to production and cash flow generation," added Rauno Perttu, Vice Chairman and COO. "We look forward to Steve's contributions to our growth plans and to expanding our portfolio of resource rich, cash-producing properties. We welcome him as CFO, and as a member of the Board."

Mr. Keaveney, 46, brings 24 years experience in finance and business development. Mr. Keaveney, a CPA, began his career as an auditor at Deloitte & Touche. He received a B.A. in Accounting from Villanova University and holds an M.B.A. from Pepperdine University. Early in his career, Mr. Keaveney built a cable television company in Ireland, beginning with one small system, eventually acquiring another 27 systems. In 1999, after ten years, the last of which were spent as CEO, Mr. Keaveney was able to sell the company to Liberty Media, Inc. for $100,000,000. He has subsequently acted as CFO or CEO or both for public and private companies.

The Board of Directors is comprised of Mr. Hollis, Mr. Perttu, and Lance Rosmarin, who welcome Mr. Keaveney in his new dual role, as CFO and a member of the Board of Directors. Currently, the Board is reviewing mining industry candidates for the Board of Directors who would fulfill the Company's requirements to apply for a listing on the American Stock Exchange and/or the Toronto Stock Exchange.

About Dutch Gold Resources

Dutch Gold Resources, Inc. is engaged in the production and development of gold projects 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 Basin Gulch project in Montana, the Jungo property outside Winnemucca, Nevada, and the Gold Bug Mine in Oregon make up the Company's  portfolio. The DGRI management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance. For additional information about the company, please visit http://dutchgold.com .  

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

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