Mr. Geoff Balderson reports

ALERIO GOLD CORP CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

Alerio Gold Corp. has closed the second tranche of a private placement. The closing of the second tranche of the offering is subject to all required regulatory approvals.

The company has issued 600,800 units at a price of 25 cents for total gross proceeds of $150,200 in connection with the second tranche. Each unit is composed of one common share and one share purchase warrant. Each whole warrant is exercisable into one share at a price of 40 cents for a period of two years from the date of issuance.

In connection with the second tranche, the company issued 31,000 finders' warrants and paid a cash fee of $7,750 to certain finders. Each finders' warrant is exercisable at a price of 40 cents for a period of two years from the date of issuance.

All securities issued will be subject to a four-month statutory hold period.

The company intends to use the funds to advance exploration of its property.

About Alerio Gold Corp.

Alerio Gold is a mineral exploration and development company in the business of acquiring, exploring and developing natural resource properties, with a focus in Guyana, South America. The company currently has a 100-per-cent interest in two gold projects, the Tassawinni and Harpy properties, located in Guyana.

We seek Safe Harbor.