Final Drill Permits For The South Bullfrog Gold Project

VANCOUVER - Zacapa Resources has completed all permitting requirements related to the inaugural South Bullfrog drill program in Beatty, Nevada. Drilling is anticipated to commence in March, with 3,000 meters planned to test top ranked epithermal gold exploration targets at the Shingleback and Longtail prospects.  Notice of Intent filed and accepted by U.S. Bureau of Land Management for the Shingleback and Longtail drill prospects.

Zacapa has received approval from the U.S. Bureau of Land Management for its Notice of Intent for proposed drilling activities at the Longtail prospect, which together with previously reported Shingleback permit completes the permitting activities for the inaugural drill program at South Bullfrog. The approved drill program at South Bullfrog includes four drill pad locations at Shingleback and three drill pad locations at Longtail. The total number of drill holes and meters drilled from each pad will be based on results and can be increased pending success.

"Zacapa's technical team has advanced South Bullfrog from early greenfields exploration to high quality permitted drill targets in 14 months," commented Adam Melnik, CEO & Director. "We are very pleased to see our technical teams' hard work evolve into such robust targets. In our view, investors will re-rate the exploration and development potential of the Beatty District in the near term as AngloGold Ashanti updates its gold reserve/resource estimate and releases a PFS for Silicon, announces an inaugural resource for the Merlin deposit, and receives permits to begin construction at North Bullfrog."