Pacific Gold Corp.-Corporate Update

TORONTO, ONTARIO, Jun 30 (MARKET WIRE) --
Pacific Gold Corp. (PINK SHEETS: PCFG) announced today that it has
entered into an extension agreement with Yorkville Advisors regarding the
convertible notes that were due on June 20th, 2009.

The extension agreement calls for the Maturity date of the notes to be
extended to August 20th, 2009.

As of June 30th, the principal balance on the notes has been paid off and
the remaining amount of interest is approximately $97,000. The interest
is convertible into shares of the Company at the closing price (with no
discount) from the day prior to the remaining installment dates, which
are the 1st and 15th of July and the 1st and 15th of August.

In addition, Nevada Rae Gold announces that it has increased its
reclamation bond amount with the Nevada Division of Minerals bond pool in
order to comply with the increased bond calculation by Bureau of Land
Management and Nevada Division of Environmental Protection. The Company
is meeting its requirements and the Black Rock Canyon mine remains in
good standing.

The Company is investigating financing opportunities in order to restart
production at the Black Rock Canyon mine and in order to complete the
2008 audit and 10-K annual report.

To find out more about Pacific Gold Corp. (PINK SHEETS: PCFG), visit the
Company's website at www.pacificgoldcorp.com. Or contact the Company
directly at 416-214-1483.

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 five operating
subsidiaries: Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the
Black Rock Canyon gold mine, located in north-central Nevada; Pilot
Mountain Resources Inc. ("Pilot Mountain") owns Project W, a large
tungsten based deposit in Nevada; Fernley Gold, Inc. ("Fernley Gold")
acquired exclusive lease rights to mine the Lower Olinghouse Placers in
north-western Nevada; Oregon Gold, Inc. ("Oregon Gold" now trading under
the symbol ORGG) (OTCBB: ORGG) owns the Bear Bench claims and Defiance
mine, located in south-western Oregon; and Pacific Metals Corp. ("Pacific
Metals") 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 2009 and beyond, to differ materially from those expressed in, or
implied by, these forward-looking statements.

Contacts:
Pacific Gold Corp.
Mitchell Geisler
416-214-1483

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