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7/30/2007 11:45:40 AM ET
New Research Update Issued on Pacific Gold Corp. by Beacon Equity Research

DALLAS, Jul 30, 2007 (BUSINESS WIRE) -- Pacific Gold Corp. (OTCBB: PCFG) has been reiterated a "Speculative Buy" with a target price of $0.90 by Beacon Equity Research Analyst, Victor Sula, PhD.

The full report is available at http://www.BeaconEquityResearch.com.

Anyone interested in receiving alerts regarding Pacific Gold Corp. research should email members@beaconequityresearch.com with "PCFG" in the subject line.

In the report, Dr. Sula writes, "Since our initial report, Pacific Gold's stock price has increased by 26%, while daily liquidity has doubled mainly due to production recommencement. While these improvements are notable, there may be potential for more. The Company's estimated value of base metals reserves of nearly $2 billion, its progress of operations at the Nevada Rae facilities and a strong gold price environment allow us to restate our Speculative Buy rating and price target of $0.9 per share of common stock."

Other companies in the gold and mining sector include Great Basin Gold (AMEX: GBN), Meridian Gold (NYSE: MDG) US Gold (AMEX: UXG) and Capital Gold Corp. (OTCBB: CGLD).

Beacon Equity Research Disclosure

The analysts contributing to this report do not hold any shares of Pacific Gold Corp. (PCFG). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has been compensated a total of twelve thousand dollars directly from the company for this report and other services related to Pacific Gold. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

SOURCE: Pacific Gold Corp.

Beacon Equity Research Jeff Bishop, 469-361-6239 editor@beaconequityresearch.com www.BeaconEquityResearch.com or Pacific Gold Corp Mitchell Geisler, 416-214-1483

Copyright Business Wire 2007