BULGOLD Inc. announced that it has sourced historic exploration data relating to the Lutila Gold Project located in Slovakia. This information has now been validated and incorporated into the company's database. The Lutila exploration licence covers an area of 32.2km² and is prospective for quartz-adularia epithermal gold mineralization.

Highlights: Historic soil sampling has outlined a +7km long, paleo-geothermal system as defined by arsenic and antimony geochemistry which remains open to the south and northwest; Historic rock chip sampling, which is limited to the North East Block, has shown that surface gold grades increase in value (up to 4.44g/t Au) towards lower elevations which is in line with the Company?s current geological model; Historic exploration drilling, which is also restricted to the North East Block, has shown that there are anomalous gold grades within the rhyolite flow dome complexes and their pyroclastic products on either flank of the Certov vrch target area; best intersection of 26.2m at 0.91g/t Au (from 97m); Rhyolite flow dome complexes define a series of topographic highs (ridgelines) within the licence area which cumulatively extend for approximately 7km; these rhyolite ridges are in turn surrounded by a large (27km²) sinter field; The sinter field has not been drill tested for gold mineralization; it has been extensively drill tested for bentonite (average hole depth 20m); The Property is located 5km south, along strike and within the same volcanic depression that hosts the historic quartz-adularia Kremnica gold mine (current JORC (2012) mineral resource estimate of 2.7Moz Au2); Exploration target: high-grade gold (Au) ± silver (Ag) quartz veins.