Tango Gold Mines Appoints Chief Financial Officer

Tango Gold Mines Incorporated 5626 Larch Street, Suite 202 Vancouver, British Colombia V6M 4E1 [email protected] 647 430 0966 xt 400 www.tangogoldmines.com

TANGO GOLD MINES APPOINTS CHIEF FINANCIAL OFFICER

VANCOUVER, BRITISH COLUMBIA—August 20, 2014 – Tango Gold Mines Incorporated ("Tango" or the “Company”) (TSXV:TGV) announces the appointment of Kalyan Paul as Chief Financial Officer of the Company, effective immediately, in place of Jennifer Boyle who recently resigned due to other commitments.

Mr. Paul has over 14 years of business experience supporting a broad range of industries, including construction, mining, service and paralegal. He is also a consulting Financial Controller for two other junior mining companies, Takara Resources Inc. (TSX-V: TKK) and Satori Resources Inc. (TSX-V: BUD). Previously, Mr. Paul has worked in various accounting and finance positions including medium to big sized public and private companies. Mr. Paul is a member of Chartered Professional Accountants of Canada (CPA) and Certified Management Accountants of Canada (CMA). He also holds a Bachelor Degree in Commerce and an MBA. Experienced in several aspects of business including in-depth expertise encompassing all core financial management, including corporate finance, treasury, financial reporting, budgeting, planning, risk assessment, corporate planning as well as HR and IT, Mr. Paul is a welcome addition to the Management team.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Antonio Ponte President and CEO Tango Gold Mines Incorporated

647 430 0966 xt 400 [email protected]

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.