On 05/01/2013, California Gold Corp announced that they will be unable to file their next 10-K by the deadline required by the SEC.

California Gold Corp. has completed the majority of its planned 2011-2012 exploration program at its AuroTellurio project near the town of Moctezuma in the state of Sonora, Mexico, and is currently planning a drilling program as a logical follow up to the exploration results generated to date. The exploration program that started early in 2011 resulted in the delineation of two target areas in the Company's mining concessions, namely, Target 1 (the La Bambolla Extension), and Target 2 (the Deep-Seated Intrusive area). The dominant rock types in the project area consist of Tertiary rhyolite tuffs overlain by younger andesite tuffs. The rhyolite tuffs generally exhibit pervasive hydrothermal alteration and host the La Bambolla gold-tellurium deposit. Target 1 is an extensive, prime exploration ground to search for gold-tellurium mineralization in quartz-pyrite veins and silica-rich zones similar to those found at La Bambolla deposit. Scattered zones of hydrothermal alteration (argillic alteration, quartz-calcite veinlets) are evident on the surface within this target area. Three diamond drill holes will be drilled in Target 1 as part of the planned 2012 drilling program. Target 2, also known as the Deep-Seated-Intrusive target area, is a centrally located, extensive area where the presence of a blind intrusive responsible for the alteration and mineralization in the region was proposed on the basis of geologic work. A subsequent gravity survey performed over this target area in the winter of 2011 corroborated the original geologic interpretation. The gravity survey confirmed the potential presence of a blind intrusive at depths in the 400-meter range, and covering an area measuring approximately 2 by 1.5 kilometers. The Target 1 area is located in the vicinity of the La Bambolla tellurium-gold mine owned by First Solar. Geologic mapping and sampling carried out by the Company in the Target 1 area led to the conclusion that the regional structure hosting the tellurium-gold vein system at La Bambolla could extend east-southeasterly onto the Company's Target 1 area. Zones of fracture-controlled silicification, strikingly similar to those described at La Bambolla, have been recognized in the Company's Target 1 area.

California Gold Corp is pursuing a mineral exploration strategy in the metals mining sector in the Americas and will initially focus on identifying and acquiring rare and precious metals mining opportunities for development and production.