Batero Gold Corp.
TSX VENTURE : BAT

Batero Gold Corp.

October 12, 2010 09:00 ET

Batero Gold Initiates Ground Geophysics Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2010) - Batero Gold Corp. (TSX VENTURE:BAT) reports that work has commenced on its ground based IP, Magnetometry, and Radiometric surveys at the Batero-Quinchia Project in Risaralda Department, Colombia. The work program includes the completion of 57.6 line kilometres of geophysical profiling on a 50 metre line spaced grid. The program was initiated October 6, 2010 and the work is being conducted by an independent international geophysical consulting firm.

The purpose of the geophysical program is to further define detailed drill targets beneath the extensive untested soil geochemistry and rock sample anomalies. The grid will also encompass three known Au-Cu porphyry mineralized zones identified from historic drilling. To date, the three Miocene intrusive centers have been identified in a north-south trend with a strike extension of approximately 3 kilometres, and at elevations between 1600m and 1950m. These centres all host gold and copper mineralization. Concurrently, the new porphyry discovery at Matecana (see news release dated September 9, 2010) will also be covered in addition to other areas on the property that are deemed significant as the result from geological field mapping and geochemical sampling.

Brandon Rook, President and CEO states, "This program will help identify possible new targets that were not identified from the previous airborne magnetic survey and to also better define potential drill targets that were identified. This program will also cover multiple breccia's identified at surface, significant areas of quartz stockwork and veining and localized areas of shear zone mineralization."

The Batero-Quinchia Project is located in the prolific Middle Cauca Belt which hosts two gold deposits: Marmato deposit (Medoro Resources) located approximately 20 kilometres north of the Batero-Quinchia Project and La Colosa deposit (AngloGold Ashanti) located approximately 100 kilometres south of the Batero-Quinchia Project. This belt is also host to other recognized porphyry gold deposits including Sunward's Titiribi, Belhaven's La Mina, and B2Gold's Quebradona.

For further information please go to our website at www.baterogold.com.

Darren Anderson, P.Geo, the qualified person for the Company, has reviewed the accuracy of the technical portion of the news release.

ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Brandon Rook, President & CEO

Batero Gold Corp.

About Batero Gold:

Batero Gold Corp. (TSX VENTURE:BAT) is a Vancouver-based precious and base metals exploration and development company focused in Colombia's emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold porphyry target centres. The Quinchia district and Batero's project is considered socially stable and mining friendly and is supported with a comprehensive infrastructure network. Batero has assembled a strong management and technical team in Colombia whom have contributed to numerous significant discoveries throughout Colombia. Batero plans to leverage its share structure with strategic local and regional relationships, and long-term financial partners, to develop its prospective project into what the Company believes will be Colombia's next major mining venture.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words expects, plans, anticipates, believes, intends, estimates, projects, potential and similar expressions, or that events or conditions will, would, may, could or should occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date such statements were made. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

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