Angel Gold Corp.

TSX VENTURE : ANG


Angel Gold Corp.

December 03, 2012 10:06 ET

Angel Gold: Company and Projects Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2012) - Angel Gold Corp. (TSX VENTURE:ANG) ("Angel" or the "Company") is pleased to announce that the Company has received from the environmental authority (Corantioquia) the Administrative Resolution that accepted the filed documentation in connection with the environmental permits needed to drill at Buritica West.

The Environmental Authority Resolution states the steps that the company has to follow in order to have the water concession, which is the main environmental permit to drill. Also, the resolution states the laws and regulations that will apply for fees payments and the technical visit needed for the permit approval.

The acceptance by Angel Gold S.A.S of the terms as determined by the Administrative Resolution is the first step in perfecting the environmental permits that will allow the company to drill at Buritica West.

In addition the Company is pleased to announce that the preliminary field works needed to start drilling at El Cafetal are complete. The Company has applied high standards of social and environmental responsibility to the construction of drill platforms and roads, water quality management and obtaining the surface usage permits that will allow the company to enter and use third parties surface properties.

The Company is also is pleased to announce the appointment of Marion McGrath as Corporate Secretary of the Company.

Marion McGrath has been actively engaged in the securities industry for over 25 years. She has served as a director and officer of numerous public companies in a corporate administrative capacity. Ms. McGrath is the owner of iO Corporate Services Ltd., which company provides corporate and accounting services to various publicly-traded Canadian companies. Prior to organizing iO Corporate, Ms. McGrath was a senior legal assistant with a Vancouver-based securities law firm.

The Company would like to thank Kenneth A. Sadowski for his contribution to the Company.

"I am excited about the progress we are making in Colombia and in a few short months we have advanced several projects forward and added qualified and well trained people to our team," stated Stella Frias, President & CEO of Angel Gold.

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 has been working in Colombia for over three years and is advancing two main gold projects: the El Cafetal Gold Project and the Buritica West Gold Project. In addition, the Company continues its acquisition strategy in Colombia, having recently claimed over 6,800 hectares in four separate project areas.

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

Blanca Stella Frias, Director, President and Chief Executive Officer

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.

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

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