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Grass Roots Research and Distribution Issues Research Report on Pacific Gold Corp.
Cohen Price Index Target of $0.08 per share

TORONTO, March 26, 2012 - Pacific Gold Corp. (OTCQB: PCFG) (Pinksheets: PCFG), announced today that Grass Roots Research and Distribution, Inc. ("GRRD") ( has initiated research coverage on the Company.

GRRD has calculated a Cohen Price Index Target of $0.08 per share for PCFG, 446% higher than current market price of $0.014. The Cohen Price Index Target is calculated using 2011 Price-to-Earnings ratio (P/E), Cohen Price-to-Capital Employed ratio (P/CE), Cohen Discounted Cash Flow (DCF) method and Cohen Price Performance Index. The P/E and P/CE are based on market multiples and representative of the broader industry in which the Company operates. The Cohen Price Performance Index is a representative of the post coverage performance of all stocks covered by GRRD. The last component in calculating the Cohen Price Index Target is the value derived using the long-term DCF valuation approach.

The report states: "Pacific Gold is an exciting investment opportunity. The Company is in an excellent position to further expand its asset base, advance toward profitable operations and generate significant cash flows. We anticipate that Pacific Gold will have additional opportunities to expand its Black Rock Canyon resource, which may significantly expand the mine life and optimize operations. Since the capital investment requirement for additional capacity at its mill is limited, the potential for increased production from additional resources should significantly improve the Company's top-line...The stock is an interesting short term trade and potentially a long term investment." The report also features detailed information about the global market for gold.

To find out more about Pacific Gold Corp. (OTCQB: PCFG), visit the Company's website at Or contact the Company directly at 416-214-1483.

About Grass Roots Research and Distribution, Inc.:
The Grass Roots Research and Cohen Research brand names are the worldwide Gold Standard for micro cap/small cap research. Grass Roots has raised the art of fundamental securities research by forecasting the three statements, including assumptions of capital raised. Grass Roots distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation. For more information, visit:

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 four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which 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 2011 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.