Mr. Alex Granger reports

BARISAN GOLD TO SELL COLLINS PROSPECT

Barisan Gold Corp. has entered into a conditional sales and purchase agreement with a private Indonesian company whereby the private Indonesian company has agreed to purchase Barisan Gold's 75-per-cent equity interest in PT Takengon Mineral Resources. PT Takengon Mineral Resources owns the Takengon exploration izin usaha pertambangan, which includes the Collins epithermal gold prospect. PT Takengon Mineral Resources is separate from the company's two key investments, PT Gayo Mineral Resources (which contains the Barisan porphyry prospects) and PT Linge Mineral Resources (which contains the Abong epithermal gold deposit).

As per the terms of the CSPA, the private Indonesian company will pay Barisan Gold a total of 7.25 billion Indonesian rupiah (equivalent to approximately $770,000). One billion rupiah has been deposited in escrow already in the company's bank account. Another 5.25 billion rupiah will be paid upon closing of the transaction, and the final one billion rupiah will be payable one year after closing and secured by a certain number of shares in PT Takengon Mineral Resources transferred under the CSPA. Closing of the transaction is subject to a number of regulatory approvals in Indonesia, and the deal is expected to close toward the end of the second calendar quarter of 2013.

Pro forma for this transaction, Barisan Gold would have had approximately $6-million in cash at Jan. 31, 2013. This represents 15 cents per share of cash in the bank, a 100-per-cent premium to the current share price of the company. With a very conservative cash burn rate, Barisan Gold is well positioned to have sufficient funds on hand to conduct the next phase of drilling at both the Abong epithermal gold deposit and the Barisan porphyry prospects when forestry borrow-use permits are issued.

Alex Granger, chief executive officer of Barisan Gold, commented: "This transaction represents a great opportunity for Barisan Gold to realize value for a non-material property. In addition to eliminating the ongoing costs of maintaining the Takengon IUP, we are also solidifying our balance sheet ahead of restarting drilling at the Abong project and the Barisan porphyry prospects once we receive the forestry borrow-use permits."

During the December, 2012/January, 2013, period, Barisan Gold drilled four exploratory holes at the Collins prospect to test the continuity of the veins identified at surface with grade and depth. Results of the drilling campaign were disappointing as they did not return the projected grade and width of the veins at depth.

Dibiansyah Hamid, MAIG, the designated qualified person within the meaning of National Instrument 43-101, has reviewed and approved the content of this release.

We seek Safe Harbor.