MESA, Ariz., Aug. 26, 2010 (GLOBE NEWSWIRE) -- B2 Digital, Inc. (Pink Sheets:BTDG) is pleased to provide a corporate update with respect to its activities since acquiring Castle Creek Silver, Inc. (Castle Creek).
In May, B2 Digital provided an update outlining its strategy of maximizing shareholder value by entering the field of mineral exploration by acquiring Castle Creek Silver, Inc. in a share exchange agreement. This strategy included building a portfolio of mineral properties and advancing the properties through exploration or select joint-ventures. B2 Digital management believes the favorable long-term supply-demand trends for commodities in the precious metals, base metals and industrial mineral areas provide excellent opportunities for its shareholders.
B2 Digital CEO, Paul LaBarre, said, "We have moved forward in the implementation of this strategy beyond our initial silver properties to add gold and uranium prospects in Idaho, Washington and Arizona under ownership, lease, option, or letters of intent."
In addition to our JE Properties and Castle Creek prospect in the last three months the Company has:
- Signed a letter of intent, subject to due diligence, to consider acquiring or optioning the Courville Gold Prospect in Quebec, Canada.
- Acquired an interest in the GB Gold Claim group through a lease, and acquired core claims of our GB project.
- Staked a Uranium Prospect in Washington State.
Mr. LaBarre continued, "This represents Phase I of our business plan, which is ongoing and the Company intends to continue building its mineral property portfolio throughout the rest of 2010.We are considering widening Castle Creek's base of properties and are planning to diversify geographically."
Phase II represents adding value through exploration and seeking joint venture partners. Castle Creek is currently compiling data on its projects. For those projects where initial exploration work has been conducted, Castle Creek is planning exploration efforts to commence in September, provided the company has sufficient funding. Investors are encouraged to review our filings at pinksheets.com for updates and disclosure related to our property acquisition and exploration efforts.
B2 Digital is continuing to conduct a wide-ranging strategic review of its technology development division. In particular the company is considering both international expansion opportunities, or combining its exploration expertise with its technological expertise and experience. We expect this review will be completed by September 2010.
President Paul LaBarre stated: "B2 Digital is focused on developing long term shareholder value for its shareholders. We are pleased that our operational activities the first three months have shown results in meeting our strategic objectives for our exploration division, and feel that we will continue to implement our Phase I plan of building our portfolio of mineral properties, while preparing to launch Phase II exploration of our projects."
About B2 Digital
B2 Digital is a technology development company with interests in various media sectors involving the use of B2 Digital's technology development experience, which is dedicated to shareholder value through the acquisition and development of promising 21st century businesses, within the technology sector and outside of the technology sector. More information on B2 Digital can be found at http://www.b2digital.us.
About Castle Creek Silver
Castle Creek's strategy is to become a mid-tier silver producer through an aggressive acquisition and development plan focused on advanced-stage projects with known silver resources exhibiting potential for expansion. Castle Creek Silver is primarily focused on pursuing early and advanced stage silver-based opportunities in North America, South America, and Mexico. More information on Castle Creek Silver can be found at http://www.castlecreekmining.com.
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result certain risk and uncertainties, including but not limited to those detailed from time to time in the Company's filings with Pink Sheets.com. Mining projects are subject to numerous risk factors including changing regulations, volatile commodity prices, and others factors that may preclude production should commercially viable reserves be established on a property and exploration plans dependent on funding and approval of any required permits. Please review on www.pinksheets.com as posted: July 29, 2010, Exhibit 1.02, Page 1 "Risk Factors".