Pelangio Exploration Inc.
OTC Bulletin Board : PGXPF

Pelangio Exploration Inc.

October 14, 2010 08:00 ET

Pelangio Exploration Engages Investor Relations Consultant

TORONTO, ONTARIO--(Marketwire - Oct. 14, 2010) - Pelangio Exploration Inc. (TSX VENTURE:PX), (OTCBB:PGXPF) ("Pelangio" or the "Company") is pleased to announce that it has entered into an investor relations consulting agreement dated October 14, 2010 with Proconsul Capital, represented by Andreas Curkovic and Martti Kangas.

The consulting agreement provides for a monthly consulting fee of $5,000 plus HST and may be terminated upon 30 days written notice. The consulting agreement is subject to the approval of the TSX Venture Exchange.

About Pelangio

Pelangio is a junior gold exploration company that acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. Pelangio's recently optioned 100 square kilometre Manfo Property, which lies on the Sefwi greenstone belt between the Ahafo and Chirano mines, respectively operated by Newmont and Kinross, is the site of recent near-surface discoveries on three separate targets, including 36.21 g/t gold over 9 metres, 24.7 g/t gold over 5 metres and 1.5 g/t gold over 61 metres. The Company is also actively exploring its 290 square kilometre Obuasi Property, located on strike and adjacent to AngloGold Ashanti's Obuasi mine, which has produced over 30 million ounces of gold since 1897.

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.

Contact Information

  • Pelangio Exploration Inc.
    Ingrid Hibbard
    President & CEO
    905-875-3828 / Toll-free: 1-877-746-1632
    Pelangio Exploration Inc.
    Brendan Cahill
    Vice President Corporate Development
    905-875-3828 / Toll-free: 1-877-746-1632