Drilling to Begin Mid-June at Pelangio’S Dormaa Project
Pelangio Exploration Inc.
Pelangio Exploration Inc. News Release – May 23, 2017 1
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
NEWS RELEASE
DRILLING TO BEGIN MID-JUNE AT PELANGIO’S DORMAA PROJECT
TORONTO, Ontario (May 23, 2 0 17) – P e l a n g i o E x p l o r a t i o n I n c . ( P X : T S X-V; OTC PINK:PGXPF)
(“Pelangio” or the “Company”) announces that Roscan Minerals Corporation (“Roscan”) has provided
the second payment of $150,000 to fund exploration expenditures at the Dormaa Project. This payment is
pursuant to the option and joint venture agreement (the “Option Agreement”), dated November 7, 2016,
and amended February 14, 2017, pursuant to which the parties established an earn-in arrangement to
jointly advance the Dormaa Project in Ghana, West Africa.
Pelangio has recently completed a prospecting program and gold-in-soil geochemical survey o n t h e
Dormaa Project. This drill program will be based on the work programs completed to date.
Highlights of the upcoming drill program at Dormaa include:
• preparation and mobilization of Grasshopper drill rig to the site,
• 3,000 metres of reverse circulation and air core or rotary air blast drill program
planned for mid-June commencement
Based on the preliminary work plan approved by both parties, expenditures of approximately $300,000
are planned for the Dormaa Project.
Newly released satellite imagery indicates that substantial, unregulated artisanal and mechanized alluvial
operations surrounding the property were carried out during 2014-2015. These alluvial operations appear
to be sourced by large gold-in-soil anomalies on the Dormaa Project (see Pelangio Exploration Inc. news
release March 6, 2017).
Mr. Warren Bates, P.Geo., (APGO #0211) is a qualified person as defined by NI 43 -101 and has
reviewed and approved the technical contents of this press release.
About Pelangio
Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts. The
Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is
consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring
three 100%-owned camp-sized properties: the 100 km2 Manfo Property, the site of seven recent near-
surface gold discoveries, the 264 km2 Obuasi Property, located 4 km on strike and adjacent to AngloGold
Ashanti’s prolific high-grade Obuasi Mine, and the early-stage 159 km2 A k r o m a P r o p e r t i e s , w h i c h
includes the Dormaa and Wamfie concessions.
In addition, the Company has several gold exploration projects in Ontario, Canada. These include the
properties known as the Birch Lake Property, the Poirier Gold Property and the Lorna Lake Property.
For additional information, please visit our website at www.pelangio.com, follow us on Twitter
@PelangioEx or contact:
Ingrid Hibbard, President & CEO or
Warren Bates, Vice President Exploration
Tel: 905-336-3828 / Toll-free: 1-877-746-1632 / Email: [email protected]
Forward Looking Statements
Certain statements herein may contain forward-looking statements and forward-looking information within
the meaning of applicable securities laws. Forward-looking statements or information appear in a number
Pelangio Exploration Inc. News Release – March 6, 2017 2
82 Richmond Street East, Toronto, ON M5C 1P1 Tel: 905-336-3828 Fax: 905-336-3899
of places and can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is
expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”
or “believes” or variations of such words and phrases or statements that certain actions, events or results
“may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and
information include statements regarding the Option Agreement, Roscan’s ability to exercise the option
pursuant to the Option Agreement and exploration plans for the Dormaa Project. With respect to forward-
looking statements and information contained herein, we have made numerous assumptions, including
assumptions about the state of the equity markets. Such forward-looking statements and information are
subject to risks, uncertainties and other factors which may cause the Company’s actual results,
performance or achievements, or industry results, to be mater ially different from any future results,
performance or achievements expressed or implied by such forward -looking statement or information.
Such risks include, but are not limited to: Roscan’s inability to obtain financing to exercise the option,
changes in equity markets, share price volatility, volatility of global and local economic climate, gold price
volatility, political developments in Ghana, increases in costs, exchange rate fluctuations, speculative
nature of gold exploration and other risks involved in the gold exploration industry. See the Company’s
annual and quarterly financial statements and management’s discussion and analysis for additional
information on risks and uncertainties relating to the forward-looking statement and information. There
can be no assurance that a forward-looking statement or information referenced herein will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements or information. Also, many of the factors are beyond the control of the Company. Accordingly,
readers should not place undue reliance on forward-looking statements or information. We undertake no
obligation to reissue or update any forward-looking statements or information except as required by law.
All forward-looking statements and information herein are qualified by this cautionary statement.
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.