Reno, Nevada, March 19, 2013 (GLOBE NEWSWIRE) -- Dakota Territory Resource Corp(OTCQB: DTRC)("Dakota Territory" or the "Company") announced today theappointment of Wm Chris Mathers as chief financial officer of theCompany. Mr. Mathers is a strategic finance and senioraccounting professional with more than 30 years financial,accounting, merger and acquisition, Securities and ExchangeCommission compliance and operational and administrative supportexpertise across diverse middle market industries. Mr.Mathers holds a BBA in accounting from Southwestern University atGeorgetown, Texas, and is a certified public accountant. Mr.Mathers began his career in public accounting with theinternational accounting firm of Price Waterhouse and hasserved as chief financial officer for several privately andpublicly held companies. Mr. Mathers served as chief financialofficer of Intersystems, Inc (Amex:II) from 1993 through1999 andmost recently served as chief financial officer of Texas Rare EarthResources Corp. (TRER:OTCQX) from November 2010 through December2012. "We are committed to advance our projects in the Black Hills ofSouth Dakota this year" said Richard Bachman, president and chiefexecutive officer of Dakota Territory. " We are building theinfrastructure of Dakota Territory and our decision to strengthenour business and finance capabilities is a reflection of ourdedication to fund and execute programs we believe are capable ofproviding for the significant growth of the Company in the nearterm. With his extensive public company building expertise in themining, petrochemical and affiliated industries, Chris is avital addition to our team and is key to the success of ourefforts." About Dakota Territory Resource Corp Dakota Territory Resource Corp. is a Nevada Corporation withoffices located at Reno, Nevada. Dakota Territory iscommitted to creating shareholder value through the acquisition andresponsible exploration and development of high caliber goldproperties in the Black Hills of South Dakota.
In terms of total historic US gold production, the Black Hillsranks second only to the Carlin District of northeast Nevada, withthe gold production of the Black Hills concentrated in a 100 squaremile area known as the Homestake District. Dakota Territorymaintains 100% ownership of four mineral properties including theBlind Gold, West False Bottom/Paradise Gulch, City Creek andHomestake Paleoplacer Properties, all of which are located in theheart of the Homestake District and cover a total of approximately2,466 acres. The Blind Gold Property is located approximately 3miles northwest and on structural trend with the historic HomestakeGold Mine. Through its 125 year production history, theHomestakeGold Mine produced approximately 40 million ounces of gold and isthe largest iron-formation-hosted gold deposit in the world.In the 1980's and 1990's Homestake Mining Company undertook a$70 million exploration program managed by Richard Bachman,president and chief executive officer of Dakota Territory that wasfocused primarily on the search for a repeat of the Homestake Mine.This program successfully discovered significant new goldmineralization beyond the confines of the producing mine,demonstrating repeatability and the potential for additional golddeposits in the Homestake iron-formation host. This programalso proved the continuous extension of the Homestakeiron-formation to a distance of approximately 3 miles from theproducing mine and under the Blind Gold Property. Dakota Territory is uniquely positioned by the experience of itsmanagement team in the Homestake District to leverage the extensiveexploration efforts of the past. For more informationon Dakota Territory please visit the Company's website at http://dakotaterritoryresource.com/. Investor Relations Investor Relations Contact: For more information, please contactConstellation Asset Advisors, Inc. (415) 524-8500 Cautionary Note to U.S. Investors The United States Securities and Exchange Commission ("SEC")limits disclosure for U.S. reporting purposes to mineral depositsthat a company can economically and legally extract or produce. Our property currently does not contain any known proven orprobable ore reserves under SEC reporting standards. Ourreference above to the various formations and mineralizationbelieved to exist in our property as compared to historical resultsand estimates from other property in the district is illustrativeonly for comparative purposes and is no indication that similarresults will be obtained with respect to our property. U.S.investors are urged to consider closely the disclosure in ourlatest reports filed with the SEC. You can review and obtaincopies of these filings at http://www.sec.gov/edgar.shtml. Safe Harbor Statement This release contains forward-looking statements that are basedupon current expectations or beliefs, as well as a number ofassumptions about future events. Although we believe that theexpectations reflected in the forward-looking statements and theassumptions upon which they are based are reasonable, we can giveno assurance that such expectations and assumptions will prove tohave been correct. Forward-looking statements are generallyidentifiable by the use of words like "may," "will," "should,""could," "expect," "anticipate," "estimate," "believe," "intend,"or "project" or the negative of these words or other variations onthese words or comparable terminology. The reader is cautioned notto put undue reliance on these forward-looking statements, as thesestatements are subject to numerous factors and uncertainties,including but not limited to: adverse economic conditions,competition, adverse federal, state and local governmentregulation, inadequate capital, inability to carry out research,development and commercialization plans, loss or retirement of keyexecutives and other specific risks. To the extent that statementsin this press release are not strictly historical, includingstatements as to revenue projections, business strategy, outlook,objectives, future milestones, plans, intentions, goals, futurefinancial conditions, events conditioned on stockholder or otherapproval, or otherwise as to future events, such statements areforward-looking, and are made pursuant to the safe harborprovisions of the Private Securities Litigation Reform Act of 1995.The forward-looking statements contained in this release aresubject to certain risks and uncertainties that could cause actualresults to differ materially from the statements made. Readers areadvised to review our filings with the Securities and ExchangeCommission that can be accessed over the Internet at the SEC'swebsite located at http://www.sec.gov.