Pelangio Exploration Inc.

Ghana – Timmins – Red Lake ● World-class Gold belts

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Message: NR 100% rights....getting closer

TORONTO, Ontario, (June 16, 2011) – Pelangio Exploration Inc. (PX:TSX-V) (“Pelangio” or the “Company”) is pleased to announce that it has acquired a 100% interest in the 290 km2 Obuasi Property in Ghana (subject to the Government of Ghana’s legislated 10% carried interest upon commencement of mining operations). The Company recently completed the final payment totaling US$750,000 under the option agreements in respect of the Obuasi Property.

“Our 100%-owned, 290 km2 Obuasi Property is immediately adjacent to and on strike with the largest vein-hosted deposit in the world, AngloGold Ashanti’s Obuasi Mine,” stated Ingrid Hibbard, President and Chief Executive Officer. “The acquisition of the Obuasi Property epitomizes Pelangio’s philosophy of acquiring camp-size land packages on world class gold belts, which provides many opportunities to make major discoveries.”

Ms. Hibbard continued, “Since arriving at Obuasi, we have developed excellent relationships with the property vendors and local communities, and we expect to continue these relationships into the future. We also plan to build upon our exploration successes to date as we move towards discovery on the property. With four growing discoveries already and immediate discovery potential at our Manfo Property, the prospect of new discoveries at Obuasi represents tremendous additional opportunity for our shareholders.”

Pelangio Acquires Option on 160 km2 Akroma Property

Pelangio is also pleased to announce that it has entered into an agreement to acquire a 100% interest in the Akroma Property, a reconnaissance license covering 160 km2 in the Brong Ahafo Region of Ghana. The Akroma Property is an early stage exploration property with initial prospecting, geochemical and geophysical surveys indicating significant exploration promise.

“The Akroma Property is a promising grassroots property that adds to our exploration pipeline,” stated Warren Bates, Vice President Exploration. “Though large ground packages are rarely available in Ghana, we have now managed to acquire 550 square kilometres of highly prospective ground.”

Pursuant to the option agreement on the Akroma Property, in order to acquire a 100% interest in the property, Pelangio must pay US$50,000 and issue 200,000 common shares (“PX Shares”) to the optionor over a three-year period, pursuant to the following schedule:

(a) US$50,000 and issue 35,000 PX Shares, paid on June 15, 2011;

(b) on or before June 15, 2012, issue 40,000 PX Shares;

(c) on or before June 15, 2013, issue 55,000 PX Shares;

(d) on or before June 15, 2014, issue 70,000 PX Shares.

Pelangio must also grant the optionor a 2% net smelter return royalty (“NSR”) upon making the payment and share issuances described above, of which 1% may be repurchased at any time for a cash payment of US$2 million.

About Pelangio

Pelangio is a junior gold exploration company that acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. Drilling is currently underway on two properties with company-making potential in Ghana, West Africa: the 100 square kilometre Manfo Property on the Sefwi greenstone belt between the Ahafo and Chirano mines, respectively operated by Newmont and Kinross, is the site of four recent near-surface gold discoveries; and the 290 square kilometre Obuasi Property on the Ashanti greenstone belt is located on strike and adjacent to AngloGold Ashanti's prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897.

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