Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION RECEIVES TSX-V APPROVAL TO ISSUE SHARES TO ASTY CAPITAL AG FOR CONSULTING AND ADVISORY SERVICES

Pelangio Exploration Inc. has received approval from the TSX Venture Exchange to issue two million common shares of Pelangio to Asty Capital AG at a deemed price of 5.5 cents per share, in exchange for consulting and advisory services. Pursuant to a finance and advisory agreement, Pelangio will also pay a quarterly fee of $25,000 (U.S.) commencing on April 3, 2018. The term of the agreement is for one year. Resale of the common shares being issued will be restricted for a period of four months plus one day from the date of issuance.

About Pelangio Exploration Inc.

Pelangio acquires and explores camp-sized land packages in world-class gold belts. The company primarily operates in Ghana, West Africa, an English-speaking common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The company is exploring three 100-per-cent-owned camp-sized properties: the 100-square-kilometre Manfo property, the site of seven recent near-surface gold discoveries, the 264-square-kilometre Obuasi property, located four kilometres on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi mine, and the early-stage 159-square-kilometre Akroma properties, which include the Dormaa and Wamfie concessions.