RENO, Nev., May 16, 2006 (PRIMEZONE) -- Battle Mountain Gold Exploration Corp. (OTCBB:BMGX) ("Battle Mountain") is pleased to report that Minefinders Corporation Ltd. ("Minefinders") announced, in a News Release dated May 9, 2006, that the Mexican Environmental Agency, SEMERNAT, has approved the Environmental Impact Statement and associated Change Of Land Use for the Dolores gold and silver project. In their release, Minefinders explained that these permits clear the way for construction and mining operations at Dolores. Battle Mountain holds a 1.25% net smelter return royalty on gold production from the Dolores project.
Also in their release, Minefinders took the opportunity to provide a Dolores Project update:
-- Detailed engineering is in progress and is expected to be
complete for most project components by mid-June,
-- All long-lead items, such as crushers and haul trucks, have
been ordered,
-- Construction on the new mine road is progressing well and full
heavy vehicle access to Dolores is expected by early-June,
-- Minefinders is working on an updated resource model, and
-- A 35,000 meter drill program has begun to further define and
expand the mineralized zones.
Minefinders's goal is to start pouring gold and silver at the Dolores Mine in the third quarter of 2007.
About Battle Mountain
Battle Mountain is a gold royalty company headquartered in Reno, Nevada, with a diversified portfolio of 13 producing, developing, and exploration gold royalties in eight gold producing countries.
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.
Battle Mountain Gold Exploration Corp. Sixth Floor, Suite 9 One East Liberty Street Reno, Nevada 89504 1 800 436 0167
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.