Mr. Warren Bates reports

PELANGIO GRANTS OPTIONS AND PROVIDES UPDATE

Pelangio Exploration Inc. has approved the grant of 3.5 million options to directors, officers, employees and consultants of the company, which options are exercisable into common shares of the company at a price of five cents per share. Subject to the rules of the TSX Venture Exchange and the company's stock option plan, the options have a term of five years and will expire on Jan. 18, 2021.

The Minerals Commission of Ghana completed its initial review of the option agreements between Minatura and Pelangio under which it is proposed that Minatura may mine alluvial gold at Pelangio's Obuasi property with Pelangio retaining all mining rights to any bedrock mineralization. As a result of that review, the minerals commission has requested additional information from the parties to the agreement.

Several years ago, Pelangio was named as a co-defendant in two separate actions commenced in the Ghana High Court involving the vendor of two of the three concessions comprising the Obuasi property and relating to such vendor's corporate history and founding shareholders. No monetary consideration was claimed from Pelangio in either action. One action is the subject of a pretrial motion and has not yet proceeded to full trial. An interlocutory injunction has been granted preventing all parties from selling any interest in the property pending final determination of the matter. Pelangio has appealed against this ruling and such appeal is yet to be determined. The other action has proceeded to trial with judgment given for the plaintiff. The only impact of such judgment on Pelangio is that it is restrained from making any further payments to the vendor. Since Pelangio has fully exercised its option on both concessions, no payments are required to be made now or in the future, other than with respect to royalty payments, in the event that the property goes into commercial production.

Pelangio commissioned Abitibi Geophysics to complete a GPS-positioned ground magnetic field survey followed by a 3-D inversion interpretation on its 100-per-cent-owned Poirier gold property located in Bristol township, 22 kilometres west of Timmins, contiguous with Lake Shore Gold Corp.'s Timmins and Thunder Creek deposits. The interpretation of the ground magnetic survey has improved the understanding of the geological setting of the Poirier gold property.

The exploration program at the Poirier gold property is overseen by Warren Bates, PGeo (APGO No. 0211), a qualified person as defined by the Canadian Securities Administrators' National Instrument 43-101. Mr. Bates has verified and approved the data disclosed in this release.

We seek Safe Harbor.