Angel Gold Appoints James Stephenson as Vice President of Exploration And Cancellation of Stock Options

Vancouver, Jan. 29, 2015 – Angel Gold Corp. (TSX-V: ANG) (“Angel” or the “Company”) is pleased to announce that Mr. James Stephenson has joined the Company as Vice President of Explorationand will head all exploration activities at the Company's growing portfolio of projects in Colombia.

Mr. Stephenson is an established geologist with a broad range of experience over 35 years in the global mineral resource industry. Mr. Stephenson has managed numerous early, mid, and late stage projects, from initial prospect testing through to full feasibility. Priorto joining Angel, he held numerous management roles in several companies, including: Tedi Mining in Papua New Guinea, Luna Gold in Brazil and China, Hecla Mining Corporation in Venezuela, Triton Resources in Nicaragua, Gold Reserve Corporation in Venezuela and Placer Dome in New Zealand and Indonesia. Mr. Stephenson was part of the initial team that commenced drill definition of the PorgeraGold Deposit in Papua New Guinea, one of the world’s largest gold mines. He was also part of the team drilling the subsequently 3 million ounce producing Kidson Gold mine in Australia, and co-discoverer of the massive Brisas del Cuyuni Au-Cu deposit in Venezuela. Mr. Stephenson was a key member of the team responsible for the identification and complete redefinition of the bulk tonnage mineralization potential of the giant Zijinshan gold-copper deposit in southeast China, rated as China’s largest gold mine and 2nd largest copper mine. He holds both a BSc in geology and Dip Geoscience postgraduate in geology from Macquarie University, Sydney, Australia.

“We are pleased to add Mr. Stephenson to our team. He brings exceptional knowledge and will lead the Colombia-based gold exploration team. We are delighted to get his depth of added experience as we move forward with our exploration projects in Colombia” stated Stella Frias, President and CEO of Angel Gold Corp.

In addition, the Company announces that it has cancelled 197,000 stock options having exercise prices ranging from $1.00 to $3.70.


About Angel Gold Corp.:

Angel is a Canada-based gold exploration company focused on responsible development of mineral resources in Colombia, host to some of the world’s largest gold deposits. Angel’s Colombia based gold exploration team has over 25 years’ experience in the country. The Company continues its strategy to acquire “brownfield” opportunities in Colombia’s best mining districts.


On Behalf of the Board of Directors of Angel Gold Corp.

Blanca Stella Frias, Director
President and Chief Executive Officer



Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release



For investor relations please contact:

Rob Gamley
Contact Financial Corp.
(604) 689-7422
Email: rob@contactfinancial.com

Angel Gold Corp.
837 Hastings Street West, Suite 408
Vancouver, BC, Canada V6C 3N6
Tel: 604-684-6264
Fax: 604-684-6242
info@angelgoldcorp.com
www.angelgoldcorp.com
Symbol: TSX-V: ANG



The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.