Angel Gold Corp.: Name Change Approved
________________________________________________________________________
NEWS RELEASE
October 4, 2012
Symbol: TSX – V: ANG
Angel Gold Corp.: Name Change Approved
Vancouver, British Columbia – Angel Gold Corp. (the “Company”) (TSX-V:ANG) is pleased to report that the name change from Caerus Resource Corporation to Angel Gold Corp. announced on September 25, 2012 has received TSX Venture Exchange approval. The TSX Venture Exchange approval was received on October 3, 2012. Angel Gold Corp. will be trading under the new symbol TSX-V:ANG. The new web site is www.angelgoldcorp.com .
The name change, the appointment of Stella Frias to President and Chief Executive Officer and the appointment of Tom Wharton as Director reflects the beginning of the Company’s transition to a drilling stage gold exploration company. Stella Frias, a native of Colombia, has worked on the ground in the Latin American mining industry for more than 20 years. Ms. Frias has worked for Gold Reserve de Venezuela ( a subsidiary of Gold Reserve Inc. ), Greystar Resources, Terramundo Drilling, Minera Providencia ( a Colombian subsidiary of Minera Andes ), and Revemin II CA (Venezuelan subsidiary of Crystallex International). Ms. Frias is a recognized leader in corporate social responsibility and sustainable business.
Ms. Frias has held the position of Administration and Community Relations Manager for Ventana Gold Corporation where she was a key member of the management team which developed Ventana Gold from an exploration company to a company having successfully defined a world class gold deposit at La Bodega, Colombia. The result was a $1.4 billion market buyout by AUX Canada Acquisition Inc. for Ventana’s gold assets in Colombia.
The Company has two exploration stage gold projects in Colombia, the Buritica West Gold Project strategically located next to the Continental Gold Buritica Project and the El Cafetal Gold Project which is adjacent to the Yarumalito Project currently under evaluation by Colombia Mines Corporation and TECK Corporation. Exploration work is ongoing at the two exploration stage gold projects. Recently the Secretary of Mines of the Government of Antioquia has determined that an area of 2014 hectares of the 2063 hectares initially solicited (known as El Pino West) by the Company’s wholly owned Colombian subsidiary, Minera Ophir, has been found to be free of conflict with existing concessions and pre-existing solicitudes. The acceptance by Minera Ophir of the boundaries as determined by the legal study is the first step in perfecting a mineral concession contract over this area. The El Pino West property is adjacent to the Gramalote Project which is a joint venture of B2Gold and Anglogold Ashanti.
________________________________________________________________________
On Behalf of the Board of Directors of Angel Gold Corp.
Blanca Stella Frias, Director President and Chief Executive Officer
For investor relations information: Please 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.
Kenneth A. Sadowski, Director and Corporate Secretary Angel Gold Corp.
Tel: 604-218-2716 Fax: 604-684-6242 837 Hastings Street West, Suite 408 Vancouver, BC, Canada V6C 3N6 [email protected] www.angelgoldcorp.com Symbol: TSX-V: ANG
The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.