Drilling Completed At Klondike In Eureka

GRAND JUNCTION, CO - Bullfrog Gold Corp (BFGC) reported completion of a phase 1 drill program at its Klondike Silver Project (Klondike) located 40 miles north of Eureka, Nevada. Assays from this program should be received this month. The Company has also provided a 30-day termination notice on its Option to Purchase the Newsboy Gold Project located approximately 45 miles NW of Phoenix, Arizona. This termination allows the Company to focus on exploring the significant potential of Klondike while maintaining its 100% owned Bullfrog Gold Project located 120 miles NW of Las Vegas, Nevada. In addition, the Company aggressively continues to seek and selectively pursue acquisitions and potential business opportunities of merit.

The initial program at Klondike was planned for percussion drilling 5,000 feet in 50 shallow holes in five specific target areas of the Klondike property. Based on issues concerning the percussion drill and requirements of the BLM, the program was revised whereby 1,507 feet of percussion drilling in 16 shallow holes and 2,885 feet of reverse circulation drilling in 11 deeper holes were completed by the end of May. The deepest hole was extended to 400 feet based on observations of mineralized host rocks in the drill cuttings. Significant oxide minerals of silver, lead, zinc and copper as well as barite have been observed in most of the drill cuttings, but mineral contents in Klondike rocks can only be determined by assay.

Drilling and further surface reconnaissance were able to trace mineralization from the Glory Hole exploration target nearly 2,000 feet south toward the historic Old Whalen underground mine. The Copper Hill target, located approximately 2,000 feet west of the Glory Hole target, appears to be a large stock-work located between two north-south fault systems separated by more than 1,000 feet of altered dolomite host rocks. Copper Hill also extends south toward the Cougar Hill exploration target, the latter of which was not drilled during this first phase program and is located approximately 1,500 feet south of Copper Hill. Most of the phase 1 drilling did not appear to penetrate the total thickness of the mineralized zones.

The Company entered an Option to Purchase the Newsboy Gold Project in September 2011, at which time the gold price was near $1,900 per ounce. Since then the Company completed four exploration programs that included 27,201 feet of drilling in 160 holes to test potential expansions to an open pit mine proposed in 1992 and at priority exploration targets within 3 miles of the Main deposit. An independent technical report was completed in February 2014 that showed the project was not economic under reasonably foreseeable.