RENO, Nev., Sept. 2, 2005 (PRIMEZONE) -- Battle Mountain Gold Exploration Corporation ("Battle Mountain Gold") (OTCBB:BMGX) is pleased to announce the closing of a $375,000 non brokered private placement. A total of 1,500,000 Units were sold at a price of $0.25. Each Unit was comprised of one share of the Company's common stock and one purchase warrant entitling the holder to acquire one additional share of the Company's common stock at a price of $0.25.
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 innovative ground-water chemistry exploration program is 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.
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 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