Mr. Simon Britt reports

OLYMPIO TO RESUME DRILLING AT BOUSQUET GOLD PROJECT, EARNS 51% INTEREST

Bullion Gold Resources Corp. optionee Olympio Metals Ltd. is resuming drilling activities (phase 3 drilling campaign) at the Bousquet gold project following completion of the requirements to earn an initial 51-per-cent interest in the project pursuant to the option agreement between the parties. The Bousquet gold project is located on the prolific Cadillac Larder Lake Fault approximately 30 kilometres east of Rouyn-Noranda, Que., and benefits from existing infrastructure and major Abitibi gold operations including LaRonde and Westwood.

Key points of the news release:

• The phase 3 drilling campaign will test the lateral extension of the bonanza intercept of 19.4 metres grading 17.29 grams per tonne Au from 172.5 m in the Main Lode system and subsequently test the down plunge extension;
• Fieldwork includes a televiewer survey to confirm the structural links between holes;
• Olympio reached the milestone required to earn 51-per-cent ownership of the Bousquet gold project.

Simon Britt, president and chief executive officer: "We welcome the continuation of exploration activities following outstanding results delivered from Olympio's phase 2 drilling campaign on Bousquet. The 51-per-cent interest earn-in (stage 1) was completed ahead of schedule and we fully expect they will earn the remaining 29-per-cent interest (stage 2) ahead of the next five years milestone payments and required exploration expenditures."

Olympio can earn an additional 29-per-cent interest (stage 2) on the Bousquet gold project over the next five years, through option payments and exploration expenditures totaling:

• $500,000;
• $250,000 worth of Olympio shares;
• $1-million in exploration expenditures on Bousquet;
• The agreement provides Olympio with flexibility to accelerate these commitments.

If Stage 2 conditions are met by Olympio, a joint venture (JV2) will be formed:

• Olympio's interest in the JV2 will be 80 per cent;
• Olympio will sole fund Bullion's JV2 20 per cent expenditures until initial production on Bousquet;
• Bullion's 20-per-cent interest is free carried until initial production on Bousquet;
• OLY will retain a right of first refusal to purchase Bullion's JV2 20-per-cent interest.

Qualified person

The scientific and technical information disclosed in this news release has been reviewed and approved by Suzie Tremblay, a member in good standing of the Ordre des geologues du Quebec (OGQ No. 10664), who is a qualified person within the meaning of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. All geoscientific activities related to the Bousquet gold project are carried out under the supervision of Ms. Tremblay, vice-president of Explo-Logik.

About Bullion Gold Resources Corp.

Bullion Gold Resources is a junior mining exploration company conducting exploration activities in Quebec, primarily in the Abitibi and James Bay mining regions. The company holds a 100-per-cent interest in the Terragold (gold), Langlade (copper, zinc, gold, silver) and Bodo (Cu, Zn, Au, Ag) projects. The Bousquet (Au) project is under option to Olympio Metals (Australian Securities Exchange: OLY).

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