TORONTO, ONTARIO--(Marketwire - Oct. 26, 2012) - Pacific Gold Corp. (OTCQB:PCFG)(PINKSHEETS:PCFG), announced today that it is holding its annual meeting at Bally's in Las Vegas, Nevada on November 13, 2012 at 11:00 a.m. in the Palace 1 room. The meeting is open to all shareholders of record as of November 1, 2012. For entrance to the meeting shareholders should bring their proxy card or a reasonable proof of share ownership.

PCFG also announced that a dividend of shares of Pacific Metals Corp. has been approved by the board of directors of PCFG. 1 share of Pacific Metals will be issued for every 420 shares of PCFG owned by shareholders of record on November 1, 2012. Payment of shares will be direct to the shareholder's brokerage account and by mail for those holding share certificates.

To find out more about Pacific Gold Corp. (OTCQB:PCFG), visit the Company's website at [ www.pacificgoldcorp.com ].

About the Company

Pacific Gold Corp.'s business plan provides for the acquisition and development of production-ready and in-production mining operations. The company is focused on alluvial gold and base metals operations located in western North America. Pacific Gold Corp. owns four operating subsidiaries: Nevada Rae Gold, Inc., which owns and operates the Black Rock Canyon gold mine, located in north-central Nevada; Pilot Mountain Resources Inc., which owns Project W, a large tungsten based deposit in Nevada; Fernley Gold, Inc., which has acquired exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada; and Pacific Metals Corp., which owns claims in San Juan and Delores Counties, Colorado, encompassing the historic Graysill Mine.

This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about its future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2012 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

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