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11/29/2006 11:54:23 AM ET
PCFG Fernley Gold Progress

TORONTO, Nov 29, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Pacific Gold Corp., (OTCBB: PCFG) announced today that its subsidiary Fernley Gold has completed its previously announced review of the leased Butcher Boy project.

During the second and third quarters of 2006 the Company completed a sampling program designed to primarily test the results of previous work performed on the property by third parties. The gold grade results recovered matched the previous drill holes estimates and samples.

In the fourth quarter the Company has begun surveying as well as a detailed mapping process of the claims under lease.

Fernley Gold is now preparing for a seismic survey to provide a picture of the gravel deposit and accurate depth readings. Once this program is complete the company will begin its mine design and permitting process.

The Company plans to submit permits, in order to place the claims into production, in 2007 with a proposed start up date sometime 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 currently 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 2006 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

SOURCE Pacific Gold Corp.

about Pacific Gold Corp. (OTCBB: PCFG), please visit our Company's website at www.pacificgoldcorp.com, or contact Investor Relations directly at (416) 214-1483 http://www.prnewswire.com