Mr. Dominic Verdejo reports

BULLION GOLD RECEIVES APPROVAL ON DEBT SETTLEMENT TRANSACTION

Bullion Gold Resources Corp., further to its news release dated June 14, 2016, has closed the debt settlement transaction and settled indebtedness in the aggregate amount of $839,386.60. Pursuant to the transaction, the company allotted and issued 9,875,136 common shares at a deemed price of 8.5 cents per share to various arm's-length creditors. All shares are subject to escrow over a three-year release schedule. The company determined to satisfy this outstanding indebtedness with shares in order to preserve its cash for operations.

All shares issued pursuant to the transaction are subject to a four-month-and-one-day hold period.