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Message: Pelangio Exploration Inc. - TSX .V : PX

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....Time To Move Forward

in response to Pelangio Exploration Inc. - TSX .V : PX by Highgrader

posted on Jan 29, 09 01:39PM

Thu Jan 29, 2009
Pelangio Exploration Appoints New Officers And Grants Options

view PDF

TORONTO, Ontario, (January 29, 2009) -- Pelangio Exploration Inc. (PX:TSX-V) ("Pelangio" or the "Company") is pleased to announce the appointment of Mr. Chris Pegg as Vice President Exploration (Africa) and Mr. Brendan Cahill as Counsel and Corporate Secretary. Mr. Pegg has been consulting for the Company in Ghana since May 2006 and has been working in Africa since 1992. He spent 17 years of his 30 year career working for Lac Minerals and was awarded an NSR royalty in the Williams gold mine for his work leading to its discovery. Mr. Cahill has been Counsel to the Company since January 2008 and was previously an Associate in the Mergers & Acquisitions and Corporate Finance departments of Davies Ward Phillips and Vineberg LLP in Toronto.

With the appointment of Mr. Pegg to Vice President Exploration (Africa), Mr. Warren Bates has been promoted to Senior Vice President Exploration.

Pelangio's Board has also approved the grant of 2,125,000 options to officers, directors and consultants of the Company, which options are exercisable into common shares of the Company at a price of $0.10 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 January 21, 2014.

About Pelangio

Pelangio is a gold exploration company active in the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company's main focus is to advance its exploration programs on its premier land position in Ghana totaling 290 square kilometres, located on strike and adjacent to AngloGold Ashanti's Obuasi gold mine.

For additional information, please visit our website at www.pelangio.com or contact:

Ingrid Hibbard, President & CEO or
Brendan Cahill, Counsel and Corporate Secretary
Tel: 905-875-3828 / Toll-free: 1-877-746-1632 / Email: info@pelangio.com

..feeling good about this one.Traps7

You can view the Previous News Releases item: Tue Nov 18, 2008, Pelangio Announces Encouraging Results From Its 2008 Drilling Program At Obuasi, Ghana