Pelangio Advances Multiple Exploration Programs Across Ghana

Pelangio Exploration Inc. (TSXV: PX) (OTC PINK: PGXPF) ("Pelangio" or the "Company") is pleased to announce that exploration is advancing across its Ghana portfolio, with multiple programs now underway or set to begin this month. Controlled Source Electromagnetic Survey ("CSEM") targeting mineralization the depth of the recently completed drill program at Manfo is now complete which included SPDD26-008 which intercepted 26 meters at 2.99 g/t Au from 270m including 6 meters at 11.74 g/t Au Obuasi CSEM survey, in collaboration with neighbour, AngloGold Ashanti to commence by end of September, evaluating exploration targets along the Obuasi Mine trend Diamond drilling program at Dankran about to commence, following up on encouraging results from previous drilling by Pelangio including up to 3 meters of 14.17 g/t Au plus 2 meters of 6.02 g/t Au. Partner TuNya has begun 2,000-meter RC drilling progam to test targets on their earn-in portion of Pelangio's Obuasi Property. "What is particularly encouraging is that each of these programs is aimed at answering an important geological question," said Ingrid Hibbard, President and CEO of Pelangio. "At Manfo, we are testing the potential for mineralization beyond the depth reached by recent drilling. At Obuasi, we will be surveying along a trend associated with one of the world's premier gold districts, and at Dankran we are following up on previous high-grade drill intercepts. Collectively, these programs represent meaningful catalysts for advancing our understanding of the potential across our Ghana assets." CSEM surveys will test deeper targets at Manfo and Obuasi SEMS Exploration Services of Ghana has been contracted to conduct CSEM surveys on Pelangio's Obuasi and Manfo projects to explore for mineral targets at depths up to 1 kilometre or more. Controlled source electromagnetics is an active EM method where an electromagnetic signal is 'injected' into the ground with the response measured at multiple stations in a grid array. The SEMS survey will employ an IRIS Instruments TIP 12000 transmitter powered by a 20kVA generator to create the EM signal with the subsurface response read by two Metronics Magneto-Telluric (MT) grade receiver units working on a 170-meter grid node spacing. The CSEM method is effective at mapping resistive bodies and detecting conductive features at shallow to intermediate depths (up to several km) and should be effective at resolving Obuasi-style mineralization (conductive sulphide ore and resistive gold-bearing quartz lodes) plus Manfo style mineralization (resistive silicified gold zones) comfortably to a depth of 1 kilometre or more. Manfo CSEM Survey Completed The recently completed Manfo survey covered the area of the Pokukrom deposits plus down-plunge extensions to the northeast. An area of 2.8km 2 was surveyed with 100 EM stations. The intention of the survey was to explore for mineralization at greater depths than the recently completed drill program. the crew is moving to Obuasi. Refer to Figure 1. Obuasi survey will advance exploration along the interpreted Obuasi Mine trend The Obuasi survey will run in collaboration with neighbours AngloGold Ashanti. Pelangio's Obuasi survey will cover the 'Obuasi Targets Area' on the western edge of the property, interpreted to be on strike with the Obuasi Mine's Main Au Trend. See Figure 2. The survey will cover an area of 9.2km² with 295 170-meter spaced stations. AngloGold Ashanti will conduct a parallel CSEM survey extending Pelangio's survey 6-kilometers into their mine property with 333 stations over an area of 10.4 km². While SEMS will be conducting both surveys, the surveys are independent of one another, although a data-sharing agreement is being discussed. The survey contractors and 3D-inversion data processors will have the full survey dataset, which is necessary to interpret the results and tie them to the known gold deposits at the O...