PX Pelangio Exploration Inc

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCQB:PGXPF) ("Pelangio" or the
"Company") is pleased to announce that the Board of Directors has approved the
grant of 1,795,000 options to directors, officers, employees and consultants of
the Company, which options are exercisable into common shares of the Company at
a price of $0.05 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 February 4, 2019.


About Pelangio Exploration Inc.

Pelangio successfully acquires and explores camp-sized land packages in
world-class gold belts, while using innovative corporate restructuring to
maximize shareholder value. The Company primarily operates in Ghana, West
Africa, an English-speaking, common law jurisdiction that is consistently ranked
amongst the most favourable mining jurisdictions in Africa. The Company is
exploring three 100%-owned camp-sized properties: the 100 km2 Manfo Property,
the site of seven recent near-surface gold discoveries and which currently hosts
a mineral resource of 195,000 ounces of gold in the Indicated category
(3,973,000 tonnes at 1.52 g/t Au) and 298,000 ounces of gold in the Inferred
category (9,666,000 tonnes at 0.96 g/t Au), estimated in conformity with
generally accepted Canadian Institute of Mining, Metallurgy and Petroleum
("CIM") Estimation of Mineral Resource and Reserves Best Practices Guidelines
and are reported in accordance with NI 43-101, the 290 km2 Obuasi Property,
located four kilometres on strike and adjacent to AngloGold Ashanti's prolific,
high-grade Obuasi Mine, which has produced over 30 million ounces of gold since
1897, and the early-stage 160 km2 Akroma Property.


For additional information, please visit our website at www.pelangio.com, or
follow us on Twitter @PelangioEx.


Cautionary Note Regarding Mineral Resource Estimates

Investors should not assume that any of the indicated or inferred resource
disclosed herein will ever be upgraded to a higher category of mineral resource
or to mineral reserves and that any or all of the indicated or inferred mineral
resource exist or is or will be economically or legally feasible to mine. In
addition, investors should not assume that any of the references herein to
adjacent properties (based on public information) is necessarily indicative of
the mineralization on the Manfo property or that further exploration on the
Manfo property will prove to be successful.


The disclosure herein uses mineral resource classification terms that comply
with reporting standards in Canada and the disclosure of mineral resource
estimates are made in accordance with National Instrument 43-101 - Standards of
Disclosure for Mineral Projects. NI 43-101 is a rule developed by the Canadian
Securities Administrators that establishes standards for all public disclosure
an issuer makes of scientific and technical information concerning mineral
projects that are considered material to the issuer. 


All resource estimates contained herein are based on the definitions adopted by
CIM and recognized under NI 43-101. These standards differ significantly from
the mineral reserve disclosure requirements of the U.S. Securities and Exchange
Commission set out in Industry Guide 7. Consequently, resource information
contained in this press release is not comparable to similar information that
would generally be disclosed by U.S. companies in accordance with the rules of
the SEC. The SEC's Industry Guide 7 does not recognize mineral resources and US.
companies are generally not permitted to disclose mineral resources in documents
they file with the SEC. Investors are specifically cautioned not to assume that
any part or all of the mineral resources disclosed above will ever be converted
into SEC defined mineral reserves. Further, "inferred mineral resources" have a
great amount of uncertainty as to their existence and as to whether they can be
mined legally or economically. In accordance with Canadian rules estimates of
inferred mineral resources generally cannot form the basis of an economic
analysis. 


Forward Looking Statements

Certain statements herein may contain forward-looking statements and
forward-looking information within the meaning of applicable securities laws.
Forward-looking statements or information appear in a number of places and can
be identified by the use of words such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate" or "believes" or variations of
such words and phrases or statements that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements and information include statements regarding the
mineral resource estimate, the timing of exploration programs and filing of
technical reports and the Company's exploration plans and exploration results
with respect to the Obuasi Property and the Manfo Property. With respect to
forward-looking statements and information contained herein, we have made
numerous assumptions, including assumptions about gold price, cut-off grades,
metallurgical recoveries, operating and other costs and technical assumptions
used in the estimate. Such forward-looking statements and information are
subject to risks, uncertainties and other factors which may cause the Company's
actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or achievements
expressed or implied by such forward-looking statement or information.

Such risks include discrepancies between actual and estimated mineral resources,
subjectivity of estimating mineral resources and the reliance on available data
and assumptions and judgments used in the interpretation of such data,
speculative and uncertain nature of gold exploration, exploration costs, capital
requirements and the ability to obtain financing, volatility of global and local
economic climate, share price volatility, estimate gold price volatility,
changes in equity markets, political developments in Ghana, increases in costs,
exchange rate fluctuations and other risks involved in the gold exploration
industry. See the Company's annual information form and annual and quarterly
financial statements and management's discussion and analysis for additional
information on risks and uncertainties relating to the forward-looking statement
and information. There can be no assurance that a forward-looking statement or
information referenced herein will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements
or information. Also, many of the factors are beyond the control of the Company.
Accordingly, readers should not assume that any of the indicated or inferred
resource will ever be upgraded to a higher category or to mineral reserves and
any or all exist or is economically or legally feasible to mine or place undue
reliance on forward-looking statements or information. We undertake no
obligation to reissue or update any forward-looking statements or information
except as required by law. All forward-looking statements and information herein
are qualified by this cautionary statement.


Neither 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 or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pelangio Exploration Inc.
Ingrid Hibbard
President and CEO
905-875-3828 / Toll-free: 1-877-746-1632


Pelangio Exploration Inc.
Warren Bates
Senior Vice President Exploration
905-875-3828 / Toll-free: 1-877-746-1632
info@pelangio.com
www.pelangio.com

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