Ms. Ingrid Hibbard reports

PELANGIO EXPLORATION ANNOUNCES RECEIPT OF $1,395,933 IN PROCEEDS FROM WARRANT EXERCISE

Pelangio Exploration Inc. has received gross proceeds of $1,395,933.35 from the exercise of 27,918,667 common share purchase warrants at an exercise price of five cents per warrant. The company issued 27,918,667 common shares upon exercise of these warrants.

The company intends to apply the proceeds to advancing its projects and for general working capital and corporate purposes. This includes continued work across its Ghanaian and Canadian portfolios.

About Pelangio Exploration Inc.

Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West Africa, and Canada. In Ghana, the company is exploring its two 100-per-cent-owned camp-sized properties: the 100-square-kilometre Manfo property, the site of eight near-surface gold discoveries and the 284-square-kilometre Obuasi property, located four kilometres on strike and adjacent to AngloGold Ashanti's prolific high-grade Obuasi mine, as well as the Dankran property located adjacent to its Obuasi property.

We seek Safe Harbor.