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File: Angel Gold Enters Option Agreement_11242014.docx


NEWS RELEASE
November 24, 2014
Symbol: TSX - V: ANG
Angel Gold Enters Option Agreement to acquire El Porvenir Gold Property from Mineros S. A. in Antioquia, Colombia  
Vancouver, British Columbia - Angel Gold Corp. (TSX-V: ANG)("Angel" or the "Company") is pleased to announce that as p
--->art of its acquisition strategy it has entered into an option agreement (the "Agreement") with Mineros S.A. ("Mineros"
--->), a private Colombian mining company, to acquire 100% of the "El Porvenir" gold property (the "Property").  This Prop
--->erty is comprised of approximately 5,945 hectares and is situated within the Segovia-Remedios gold belt in the Departm
--->ent of Antioquia in Colombia. See the map at http://www.angelgoldcorp.com/index.php/el-porvenir-concession-map 

Under the terms of the Agreement, Angel can earn 100% interest in the Property by making aggregate option cash payment
--->s consisting of $2 million and incurring minimum exploration expenditures of $5.2 million (subject to environmental pe
--->rmits and exploration results) over a five year period.

Stella Frias, President and CEO of Angel Gold, stated, "I am thrilled to be bringing a property with such merit into A
--->ngel's portfolio.  This property presents a significant exploration opportunity in the Segovia-Remedios gold belt, his
--->torically the largest gold-producing region in Colombia. It is strategically located adjacent to Gran Colombia's flags
--->hip Segovia Gold Project, which historically produced approximately 4.6 million ounces of gold over the last 150 years
---> and where Gran Colombia is currently producing 80,000 ounces per year with plans to triple production by the end of 2
--->015. We have worked six months with Mineros to reach an agreement that is mutually beneficial.  Mineros is a private, 
--->100% Colombian business Group with over 35-years' expertise in exploration and mining of precious metals, and currentl
--->y producing 120,000 ounces of gold per year from alluvial  and underground mines in the Segovia-Remedios belt. We look
---> forward to strengthening this relationship with our exploration expertise in Colombia. Our experienced team of geolog
--->ists has already done an initial review of the property's well documented historic exploration, allowing us to quickly
---> identify four priority drill targets.  Further due diligence over the next 90 days will enable Angel to establish a w
--->ell-defined and targeted field exploration and drill program in the near future."  

 Property Option Terms

Angel may earn a 100% interest in the Property by meeting the following obligations:

a. making cash payments to Mineros totaling $2 million: $50,000 upon the Agreement's signature; $50,000 due 90 days af
--->ter the Agreement's signature (known as the "Due Diligence and Approval Period"); $100,000 upon the second anniversary
---> of the Due Diligence and Approval Period; $400,000 upon the third anniversary of the Due Diligence and Approval Perio
--->d; $400,000 upon the fourth anniversary of the Due Diligence and Approval Period; and $1 million upon at the fifth ann
--->iversary of the Due Diligence and Approval Period; 

b. spending an aggregate of $5.2 million over five years (subject to environmental permits and exploration results): $
--->200,000 in year 1; $500,000 in year 2; and $1.5 million per year in years 3,4 and 5.  

Angel retains the right to exit the Agreement at any time over its term.  Also, by paying the balance of the Agreement
--->'s value, Angel can acquire the mining title at any time over its term.

Terms of the Agreement also stipulate that Angel, upon acquiring Mineros' interest, will grant a 3% net smelter royalt
--->y (NSR) royalty to Mineros from the commercial production of mineral products from the property. 

All amounts expressed in US dollars unless otherwise noted.

The transaction is conditional upon TSX Venture Exchange approval.

About Angel Gold Corp.:

Angel is a Canada-based gold exploration company focused on responsible development of mineral resources in Colombia, 
--->host to some of the world's largest gold deposits.  Angel has been working in Colombia for over five years. The Compan
--->y continues its strategy to acquire "brownfield" opportunities in Colombia's best mining districts.  
On Behalf of the Board of Directors of Angel Gold Corp. 

Blanca Stella Frias, Director
President and Chief Executive Officer 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility 
--->for the adequacy or accuracy of this news release.

For further information please contact:  Stella Frias President & CEO Tel: (360)  201-9609 or Rob Gamley Contact Finan
--->cial Corp.
(604) 689-7422 


The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibilit
--->y or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain "
---> forward- looking statements " within the meaning of Section 21E of the United States Securities and Exchange Act of 1
--->934, as amended. Except for statements of historical fact relating to the Company, certain information contained herei
--->n constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of managem
--->ent at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors whi
--->ch could cause actual results to differ materially from those projected in the forward looking statements. The reader 
--->is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release
---> is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholde
--->r approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at th
--->e property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transa
--->ction will complete as described in this News Release. We seek safe harbour.