Barisan Gold Provides Update on C$11.2 Million Rights Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) - Barisan Gold Corporation (TSX VENTURE:BG) -

THIS RELEASE IS NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES

Barisan Gold Corporation is pleased to announce that it has completed the initial subscription under its previously announced rights offering of approximately C$11.2 million to eligible shareholders of East Asia Minerals Corporation (TSX VENTURE:EAS) of record as at July 21, 2011.

Under the offering, approximately 11.3 million units comprising approximately 11.3 million common shares and approximately 5.7 million warrants were issued to shareholders that elected to exercise their rights. Gross proceeds from the initial subscription totalled approximately C$6.2 million.

Barisan Gold also announces today that, pursuant to the terms of its standby purchase agreement with CEF Holdings Ltd., the closing date for the completion of the standby commitment has been set for September 27, 2011. Subject to the conditions of closing under the standby purchase agreement being satisfied and pursuant to the terms thereunder, CEF Holdings Ltd. (or an affiliated entity designated by CEF Holdings Ltd.) will purchase approximately 9.0 million units comprising approximately 9.0 million common shares and approximately 4.5 million warrants for gross proceeds of approximately C$5.0 million. Upon satisfaction of the standby commitment, CEF Holdings Ltd. (or an affiliated entity designated by CEF Holdings Ltd.) will hold approximately 9.0 million common shares or approximately 22% of the total number of Barisan Gold's common shares issued and outstanding and approximately 4.5 million warrants.

Upon completion of the standby commitment, Barisan Gold expects a total of 40,706,186 common shares and 10,176,546 warrants of Barisan Gold will be issued and outstanding.

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About Barisan Gold Corporation

Barisan Gold (TSX VENTURE:BG) is a Canadian-based minerals exploration company listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged in the exploration, acquisition and development of mineral properties in Indonesia. Barisan Gold currently owns and operates three gold and gold-copper properties in Indonesia's Aceh Province on the northern tip of Sumatra Island, namely the Barisan gold-copper porphyry belt, the Abong epithermal gold project and the Takengon gold-copper porphyry prospect. Barisan Gold currently has 31,698,769 shares outstanding.

Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. When used in this News Release, such statements use words such as "may", "will", "expect", "intend", "anticipate", "has been set for" and other similar terms. These statements reflect management's current assumptions and expectations regarding future results, performance or events as of the date hereof and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Forward looking statements involve significant risks and uncertainties and should not be read as guarantees of future or performance results. Accordingly, readers should not place undue reliance on any forward looking statement.

Forward looking statements in this News Release include, among other things, statements regarding the proposed internal reorganization, dividend-in-kind and rights offerings, and the proposed terms, conditions, structure and consequences thereof to the Company and its security holders; the timing and receipt of approvals and consents; future exploration activities; the rights offering closing and related arrangement; and the adequacy of financial resources, among others.

Forward looking statements are based on assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. The Company believes that the assumptions and expectations reflected in such forward looking statements are reasonable. Assumptions have been made regarding, among other things, the Company's ability to reorganize its properties and interests to permit it to carry out the proposed transactions in an effective and reasonable manner; the Company's future exploration and development activities; timely receipt of third party or regulatory approvals; and the Company's ability to obtain financing or close the proposed offering as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used and that these factors and assumptions may be incomplete or incorrect.

Forward looking statements are also subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward looking information. Those risks include the interpretation of drill results and the estimation of mineral resources and reserves; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, permitting and licensing risks; and general market and mining exploration risks.

Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision.

Investment in the common shares of the Company involves substantial risk. Please refer to the Prospectus, in particular, the section with the heading "Risk Factors".

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.