Blue Gold Appoints VP Business Development

Blue Gold Mining Inc. (TSX VENTURE:BGX) is pleased to announce the appointment
of Alex Holmes to its management team as Vice President, Business Development.


Mr. Holmes brings a successful track-record in capital markets and M&A
transactions, further strengthening Blue Gold's ability to identify and realize
new opportunities. Mr. Holmes was previously Vice President, Investment Banking
for NCP Northland Capital Partners Inc. and a key member of the firm's Mining
Team. As Vice President with PI Financial Corp. (2003-2010), he successfully
led, co-led or managed hundreds of mining financing mandates and many successful
M&A transactions in the mining sector. Prior to this, Mr. Holmes worked with a
London, UK based investment bank. Alex earned the Chartered Financial Analyst
designation in 2005 and has a M.Sc. in Investment Management, graduating with
Distinction from Cass Business School in London. 


Blue Gold has granted five year incentive options to purchase an aggregate of
200,000 shares at a price of $1.00 per share. The options will be subject to
certain vesting requirements.


This news release may contain forward-looking statements. These statements are
based on current expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of factors
discussed in the management discussion and analysis section of our interim and
most recent annual financial statements or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward-looking statements.