Pelangio Grants Options

Pelangio Exploration Inc.

4139 Britannia Road Burlington, ON, L7M 0R8 Phone (905) 336-3828 Fax (905) 336-3899

NEWS RELEASE

PELANGIO GRANTS OPTIONS

TORONTO, Ontario (March 27, 2015) – Pelangio Exploration Inc. (PX:TSX-V; PGXPF:OTC) (“Pelangio” or the “Company”) announces that the Board of Directors has approved the grant of 2,050,000 options to directors, officers, employees and consultants of the Company, which options are exercisable into common shares of the Company at a price of $0.05 per share. Subject to the rules of the TSX Venture Exchange and the Company's Stock Option Plan, the options have a term of five years and will expire on March 27, 2020.

For additional information, please visit our website at www.pelangio.com, follow us on Twitter @PelangioEx or contact:

Ingrid Hibbard, President and CEO or Warren Bates, Senior Vice President Exploration Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]

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.