Batero Files Amended and Restated Technical Report

Batero Files Amended and Restated Technical Report

Vancouver, British Columbia – October 26, 2023 – Batero Gold Corp. (TSXV: BAT) (Frankfurt: 68B) (OTC

Pink: BELDF) (“Batero” or the “Company”) announces that it has filed an amended and restated technical

report with an effective date of September 15, 2022 and an amended and restated date of September 25,

2023, titled “Technical Report for an Updated Mineral Resource Estimate and Preliminary Economic

Assessment on the La Cumbre Gold Project, Department of Risaralda, Columbia” (the “Amended

Technical Report”) following a disclosure review completed by the British Columbia Securities Commission

(the “BCSC”).

The Amended Technical Report addresses comments received by the BCSC with respect to compliance

with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and Form 43-

101F1, and supersedes the previously filed report in its entirety. In particular, qualifications of the Qualified

Persons responsible for authoring the report have been addressed, and certain additions and clarifications

have been made to Section 3 (Reliance on Experts), Section 5 (Accessibility, Climate, Local Resources,

Infrastructure and Physiography), Section 14 (Mineral Resource Estimates), Section 17 (Recovery

Methods), Section 22 (Economic Analysis), Section 23 (Adjacent Properties), Section 25 (Interpretations

and Conclusions) and Section 26 (Recommendations). No material changes were made to the resource

estimates or economic analysis of the La Cumbre Gold Project in the Amended Technical Report.

The Amended Technical Report was prepared by Linares Americas Consulting SAC in accordance with NI

43-101 and can be found on the Company's website at www.baterogold.com or under the Company's issuer

profile at www.sedarplus.ca.

ON BEHALF OF BATERO GOLD CORP.

Gonzalo de Losada

President and Chief Executive Officer

Qualified Person

Mr. Fernando Linares, Eng. Geo. is the Qualified Person for all scientific and technical information herein

and has reviewed and approved such information in this release.

About Batero Gold Corp.

Batero is a precious and base metals advanced exploration company. The Company's objective is to

develop the La Cumbre Gold Project in Risaralda, Colombia. La Cumbre is located within the Company's

100% owned Batero-Quinchia Gold Project, which sits within Colombia's emerging and prolific Mid Cauca

gold and copper belt.

For further information please contact:

Batero Gold Corp.

Email: [email protected]

www.baterogold.com

Tel: + 57 6046041948

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 press release.

Forward-Looking Statements

This news release may contain certain “forward-looking statements” within the meaning of applicable

Canadian securities laws, including with respect to the development plans of the Company. Forward-looking

statements involve known and unknown risks, uncertainties, assumptions, and other factors that may cause

the Company's actual results, performance, or achievements to be materially different from any future

results, performance, or achievements expressed or implied by the forward-looking statements. Any

forward-looking statements speak only as of the date of this news release. Except as may be required by

applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking

statement, whether because of new information or future events, or results or otherwise.