Edgewater Exploration Ltd.
TSX VENTURE : EDW
OTCQX : EDWZF

Edgewater Exploration Ltd.

October 15, 2012 16:00 ET

Edgewater Grants Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2012) - Subject to regulatory approval, Edgewater Exploration Ltd. ("Edgewater" or "the Company") (TSX VENTURE:EDW)(OTCQX:EDWZF) has granted 1,660,000 stock options to directors, officers, employees and consultants of the Company. The options are at an exercise price of $0.40 per share and valid for a period of five years from the date of grant.

About Edgewater Exploration Ltd.

Edgewater is a mineral development and exploration company focused on the development of precious metal properties. Edgewater has an experienced mine building and operating team with a track record of success. The Company is currently developing the Corcoesto Gold Project in northwest Spain, and exploring the Enchi Gold Project in Ghana, West Africa.

On behalf of the board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

Neither the 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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