RENO, Nev., April 10, 2006 (PRIMEZONE) -- Battle Mountain Gold Exploration Corporation ("Battle Mountain Gold") (OTCBB:BMGXE) is pleased to announce that it has successfully sold 11,750 ounces of gold at $587.90 per ounce for total proceeds of $6,907,825. The proceeds of the gold sale will be used to fund part of the $21,850,000 acquisition of IAMGOLD's gold royalty assets (the "Acquisition"). The eleven gold royalties include a 0.72% NSR on the Williams Mine, a 3.0% NSR on the El Limon Mine, a 3.0% NSR on the Don Mario Mine, and a 1.25% NSR on the Dolores reserve. Please refer to the November 28th, 2005 press release for additional details.
The Acquisition is expected to close no later than April 12th, 2006.
About Battle Mountain Gold Exploration Corp.
Battle Mountain Gold Exploration Corp. (OTCBB:BMGXE) is a gold royalty company with a portfolio of thirteen producing, developmental and exploration stage properties in the Americas and Africa.
On behalf of the Board of Directors,
Mark Kucher
Chairman and CEO
To learn more please visit www.bmegold.com or email info@bmegold.com.
Safe Harbor for Forward-Looking Statements: 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 mineral 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