| December 14, 2009 Pediment Gold Commences Drilling Deep Vein Extensions at La Colorada | |
| Vancouver, BC, December 14, 2009 -- Pediment Gold Corp. (TSX:PEZ, OTCBB:PEZGF Frankfurt:P5E) ("Pediment" or "the Company") is pleased to report that the drilling of the final five holes of its 2009 La Colorada drill program have commenced. The last segment of the program is planned to total approximately 1500 meters and is to be finalized in January 2010. These final holes of the program are designed to cross down dip extensions of the higher grade veins. The location of the holes was determined based on prior drilling and plotting of positions of underground workings. The first hole of the deep drill program has been completed with a large IR TH 100 RC drill machine. The drill crossed the first vein and an open working at about 173 meters depth in the hole drilled from the north wall of the Creston Pit. Final assays from prior drilling conducted during November are being processed in the assay laboratory and are mainly from the Veta Madre and La Verde areas. Final assays will be reported on when received and resolved. Gary Freeman, President and CEO of the Company, states, "We are pleased with the decision to continue and complete the 2009 La Colorada drill program, and we look forward to conducting additional work next year to continue investigating the potential for underground resources." Mel Herdrick, Vice President of Exploration and a director of the Company, has reviewed and approved the contents of this news release and is a Qualified Person as defined under NI 43-101. For additional information please contact Gary Freeman or Michael Rapsch at (604) 682-4418. Pediment Gold Corp. Gary Freeman President & CEO THE TSX HAS NOT REVIEWED OR ACCEPTED RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE This news release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 27E of the U.S. Securities Exchange Act of 1934, as amended, and within the meaning of Canadian provincial securities laws applicable to the Company, regarding the ongoing exploration activities at the Company's La Colorada property. Such statements include, without limitation, statements regarding the Company's deep drilling at the La Colorada property. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, the Company's inability to produce minerals from its properties successfully or profitably, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. The reader is referred to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com, and the U.S. Securities and Exchange Commission's Electronic Data Gathering and Retrieval (EDGAR) System at www.sec.gov, for a more complete discussion of such risk factors and their potential effects. All of the Company's public disclosure filings may be accessed via www.sedar.com and www.sec.gov, and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties. This news release is not, and is not to be construed in any way as, an offer to buy or sell securities. | |
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