TORONTO, Jan. 29 /PRNewswire-FirstCall/ - Pacific Gold Corp. (OTCBB: PCFG stock message boards forums) today provided an update on progress at the Black Rock Canyon Mine.

Dewatering System

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Mine staff and consultants have performed tests on the gravel materials, and investigated numerous vendors with respect to availability of dewatering systems to replace the current system, which did not perform per vendor specifications.

The Company has concluded that the system should be replaced with a sand screw and aggregate thickener system. The Company is currently negotiating the purchase of a new system.

The Black Rock Canyon mine operates by washing gravels and separating the combined slurry back to clean water and gravel after the gold has been extracted. For the mine to operate efficiently, an adequate dewatering system is a necessity.

The Company is pursuing remedies with the original vendor for equipment failure and consequential damages.

Plant Changes

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The Company has replaced the JCI three deck screen with a trommel screen and has streamlined the plant operations plan. The system is expected to be more reliable with respect to operating up-time, and it is anticipated that operating costs can be reduced.

The Company is also looking at additional improvements to the gold recovery system to enhance the net gold recovery from the plant.

Hauling

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The Company is performing on-site screening tests to investigate the pre-screening of materials prior to hauling to the plant site. These tests are expected to reduce the hauled volume of material by up to 40%. This would reduce hauling costs, and this cost reduction should be larger than the increase in handling costs.

Black Rock Canyon - Timeline

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While the Company understands the frustration of shareholders with respect to the production timeline and progress at Black Rock Canyon, management is working diligently to improve the operations at the mine. Management strongly believes the project will become successful in 2008.

About the Company

The Company'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 Juan and Delores 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.

SOURCE Pacific Gold Corp.