Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION ANNOUNCES $600,000 PRIVATE PLACEMENT FINANCING

Pelangio Exploration Inc. has arranged a non-brokered private placement of up to 15 million units of the company at a price of four cents per unit for gross proceeds of up to $600,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share at a price of five cents for a period of 18 months from the closing date of the private placement.

The proceeds of the private placement will be used for continued exploration at the company's Ghana properties, including up to 3,000 metres of air core and reverse circulation drilling, and for general working capital purposes.

The company may pay a finder's fee of up to 7 per cent to certain introducing parties on some of the proceeds in respect of the private placement, subject to compliance with applicable securities legislation and TSX Venture Exchange policies. The closing date of the private placement is expected to occur on or about Aug. 15, 2014, and is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. The securities issued pursuant to the private placement will be subject to a four-month hold period in accordance with applicable Canadian securities laws. Certain directors and officers of the company are expected to participate in the private placement for a total of up to seven million units.

We seek Safe Harbor.