RENO, Nev., Sept. 20, 2005 (PRIMEZONE) -- The management of Battle Mountain Gold Exploration Corp. ("Battle Mountain Gold") (OTCBB:BMGX) is pleased to announce the purchase of 3,116,475 shares in the company by RAB Capital's Special Situations (Master) Fund Limited. This represents a 7.5956% interest in BMGX.
RAB Capital (RBCPF) is a London-based investment management company, founded in 1999 and is one of the world's leading investors in the junior mining sector. RAB Capital specializes in managing absolute return funds and as of June 30, 2005 had $2.25 billion in assets under management. The Company currently manages ten hedge fund strategies: Europe, Special Situations, High Yield, UK, Commodity/Energy, Fund of Funds, North American, Japan, Energy and Emerging Europe. RAB Capital also provides advisory and distribution services within the hedge fund industry.
ABOUT BATTLE MOUNTAIN GOLD
Battle Mountain Gold Exploration Corporation (OTCBB:BMGX) is a gold exploration and development company operating through a joint venture on two gold targets in the Battle Mountain and Walker Lane Gold Trends and is the first exploration company focused on gold discovery in Nevada to apply the concept of using water chemistry to locate new gold deposits.
A detailed description of the company and the innovative ground-water chemistry exploration program is found on the Company's website at www.bmegold.com.
BMGX is headquartered in Reno, Nevada. BMGX's Officers and Directors have over 110 years of combined experience in the successful creation of gold and copper mines, including key participation in the discoveries of the pediment-covered Twin Creeks (+20 million ounces) and Lone Tree (+10 million ounces) deposits and the McLaughlin (+3 million ounces), Mule Canyon (+1 million ounces), and Gold Bar (+1 million ounces) discoveries.
On behalf of the Board of Directors,
"James E. McKay" President and CEO
For more information visit www.bmegold.com or email info@bmegold.com. Tel: 1-800-436-0167
Battle Mountain Gold Exploration Corporation Sixth Floor, Suite 9 One East Liberty Street Reno, Nevada 89504 Tel: 1-800-436-0167
Safe Harbor for Forward-Looking Statements: No securities regulatory authority or stock exchange has reviewed or accepts responsibility for the adequacy or accuracy of this release. This release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in minerals exploration, the need to obtain additional financing, the availability of needed personnel and equipment for future exploration and development, fluctuations in the price of minerals, and general economic conditions.
FOR INVESTOR INFORMATION PLEASE CALL 1-800-436-0167