Pelangio Exploration Announces Management Change
TORONTO, ONTARIO -- (Marketwire) -- 07/23/12 -- Pelangio Exploration Inc. (TSX VENTURE: PX)(OTCBB: PGXPF) ("Pelangio" or the "Company") hereby announces that Brendan Cahill, Vice President Corporate Development, is stepping down from his management position effective today to assume a senior position with a producing resource company. Mr. Cahill will continue to provide certain consultancy and advisory services to Pelangio on an ongoing basis.
"We thank Brendan for his valuable contributions, during his time with Pelangio and we wish him every success in his new position," said Ingrid Hibbard, President and Chief Executive Officer.
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 two 100%-owned camp-sized properties: the 100 km2 Manfo Property, the site of five recent near-surface, high grade and bulk tonnage, gold discoveries, and 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. For additional information, please visit our website at www.pelangio.com or follow us on Twitter @PelangioEx.
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.
Contacts:
Pelangio Exploration Inc.
Ingrid Hibbard
President & CEO
905-875-3828 or Toll-free: 1-877-746-1632
Pelangio Exploration Inc.
Warren Bates
Senior VP Exploration
905-875-3828 or Toll-free: 1-877-746-1632
info@pelangio.com
www.pelangio.com
