Pelangio Exploration Reports Results of Annual Meeting of Shareholders

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCQB:PGXPF) ("Pelangio" or the
"Company") is very pleased to announce Mr. Thor Eaton has been elected to the
Board of Directors at the Company's Annual Meeting of Shareholders today.


Mr. Eaton is a highly regarded, well known Canadian businessman and
philanthropist. Mr. Eaton serves as President of Notae Investments Limited since
January 1998 and he has sat on the boards of a number of publicly traded
companies in the mining sector. Mr. Eaton created the Thor E. and Nicole Eaton
Family Charitable Foundation, in June 1999 which contributes to the livelihood
of hospitals, environmental groups and Canadian cultural institutions, such as
the Royal Ontario Museum, St. Michael's Hospital, the National Ballet of Canada
and the Atlantic Salmon Association. He has been a director of Excellon
Resources Inc. since August 2011 and joined the board of Nordex Explosives Ltd.
in June 2012.


Pelangio would also like to thank Mr. Arthur Gordon Slade for his years of
service and for agreeing to become the first member of Pelangio's Advisory
Committee, Pelangio will continue to benefit from his knowledge and experience
gained from over 33 years as a mining engineer and mining executive.


Pelangio is also pleased to announce that all proposed resolutions were approved
by the Shareholders today, at the Annual Meeting of Shareholders.


About Pelangio

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, 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.


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
Company's exploration plans. With respect to forward-looking statements and
information contained herein, we have made numerous assumptions, including
assumptions about our ability to continue our exploration plans. 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 gold price
volatility, speculative and uncertain nature of exploration, changes in equity
markets, capital requirements and the ability to obtain financing, volatility of
global and local economic climate, share price volatility, 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 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.


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


Pelangio Exploration Inc.
Warren Bates
Senior Vice President Exploration
905-875-3828 or Toll-free: 1-877-746-1632
info@pelangio.com
www.pelangio.com / Twitter @PelangioEx
Pelangio Exploration (TSXV:PX)
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から 5 2024 まで 6 2024