Cosigo Announces Granting of Stock Options

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CSG: TSX-V

VANCOUVER, April 10, 2012 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) (the "Company") today announces that, pursuant to the terms and conditions of the Company's stock option plan, it has granted stock options for the purchase of up to 4,810,000 common shares in the capital of the Company at a price of $0.50 for a ten year period. Of these stock options, 4,350,000 were issued to certain directors and officers of the Company.

About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil. Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in the Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project is the first modern exploration program in an area known to have hosted more than 100 historic gold mining operations.

On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/"Dennis Milburn"
President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release