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Discovery Gold Corporation Files Audited Annual Financial Statements With SEC

FORT LAUDERDALE, Fla., Aug. 7, 2012 /PRNewswire/ -- Discovery Gold Corporation (OTCQB: DCGD) ("Discovery Gold" or the "Company"), an emerging international gold exploration and development company, is pleased to announce that the Company has filed a Form 10-K for the period ended April 30, 2012 with the Securities and Exchange Commission. 

"The successful completion of the most recent Form 10-K Annual Report marks the first time audited financial statements have been released since the Company's acquisition of the Edum Banso Gold Project in Ghana and the recent name change to Discovery Gold," said Dean Huge, Chief Financial Officer of Discovery Gold Corporation.  "The Form 10-K Annual Report and other regulatory filing requirements of the SEC will continue as part the Company's ongoing policy to provide timely, accurate, and transparent information available to all shareholders and potential investors."

Further updates regarding the Edum Banso Gold Project and other Company business will be made as additional information becomes available.

About Discovery Gold Corporation

Discovery Gold Corporation is an emerging U.S. based mineral exploration company offering shareholders the opportunity to participate in the ownership of high-potential international gold exploration and development.  The Company's wholly-owned subsidiary, Discovery Gold Ghana Limited, currently holds a 70% interest (with the opportunity to re-acquire 25% for a 95% interest total) in the exclusive rights to explore the Edum Banso Gold Project within the historic and prolific gold producing Ashanti Gold Belt in Ghana.

For further information regarding Discovery Gold Corporation, contact:

LiveCall Investor Relations(855) 490-9700 (Toll-free)E-mail: DCGD@livecallir.com

Forward-Looking Statements

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Such statements may be identified by the use of words such as "anticipate", "believe", "expect", "may", "will", "would", "should", "plan", "projected", "intend", and similar expressions.  Discovery Gold Corporation (the "Company") bases these forward-looking statements on current expectations and projections about future events, based on information currently available.  Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements.  The Company has no mineral resource or reserve estimate for the Edum Banso Gold Project at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties.  The Company disclaims any obligation to update any of its forward-looking statements, except as may be required by law.  On October 1, 2012, the Company has the right to re-acquire 25% of the Edum Banso Gold Project option should certain conditions be met. 

SOURCE Discovery Gold Corporation

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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