Pacific Gold Corp. – Yorkville Debt Agreement
Exhibit 99.1
Pacific Gold Corp. – Yorkville Debt Agreement
TORONTO, March 4, 2009 – Pacific Gold Corp. (OTCBB: PCFG) announced today that it has entered into an extension agreement with Yorkville Advisors regarding the convertible notes that were due on February 26th, 2009.
The extension agreement calls for the Maturity date of the notes to be extended to April 20th, 2009.
As of March 3rd, the remaining principal balance on the notes is approximately $101,887.
To find out more about Pacific Gold Corp. (OTCBB: PCFG), visit the Company’s website at xxx.xxxxxxxxxxxxxxx.xxx. Or contact the Company directly at 000-000-0000.
About the Company
Pacific Gold Corp.’s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns five operating subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold") acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench claims and Defiance mine, located in south-western Oregon; and Pacific Metals Corp. (“Pacific Metals”) owns claims in San Xxxx and Xxxxxxx Counties, Colorado, encompassing the historic Graysill Mine.
This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2008 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.
