Pelangio Exploration Reports Results of Annual Meeting

Pelangio Exploration Inc. News Release – June 22, 2022 1

82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828

NEWS RELEASE

PELANGIO EXPLORATION REPORTS RESULTS OF ANNUAL MEETING

TORONTO, Ontario (June 22, 2022) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF) (“Pelangio”

or the “Company”) is pleased to announce that all matters proposed by management were approved at

Pelangio’s annual meeting held Wednesday, June 22, 2022 (the “Meeting”).

At the Meeting, shareholders of Pelangio re-elected Ingrid Hibbard, JC St. Amour, David Mosher, Kevin

Thomson, and Al Gourley to the board of directors. The shareholders also approved the reappointment

of its auditor and reapproved the Company’s stock option plan. No additional business was brought

before the Meeting.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V)

accepts responsibility for the adequacy or accuracy of this release.

About Pelangio

Pelangio acquires and explores prospective land packages located in world-class gold belts in Ghana, West

Africa and Canada. In Ghana, the Company is exploring its two 100% owned camp-sized properties: the 100

km2 Manfo property, the site of eight near-surface gold discoveries, and the 284 km2 Obuasi property, located

4 km on strike and adjacent to AngloGold Ashanti’s prolific high -grade Obuasi Mine, as well its Dankran

property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario at its

Dome West property, situated some 800 meters from the Dome Mine in Timmins and its Gowan polymetallic

project, located 16 km east of the Kidd Creek Mine. See www.pelangio.com for further detail on all Pelangio’s

properties.

For additional information, please visit our website at www.pelangio.com, or contact:

Ingrid Hibbard, President and CEO

T: 905-336-3828 / TF: 1-877-746-1632 / E: [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 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 Company’s exploration plans. With respect to forward-looking statements and

information contained herein, we have made numerous assumptions. 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 materially different from any future results, performance or achievements expressed or implied by such

forward-looking statement or information. Such risks include the changes in equity markets, share price volatility, volatility of

global and local economic climate, gold price volatility, political developments in Ghana, and Canada, increases in costs, exchange

Pelangio Exploration Inc. News Release – June 22, 2022 2

82 Richmond Street East, Toronto, ON M5C 1P1 T: 905-336-3828

rate fluctuations, speculative nature of gold exploration, including the risk that favo urable exploration results may not be

obtained, delays due to COVID-19 safety protocols, 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.