Pelangio Grants Stock Options

Pelangio Grants Stock Options

TORONTO, May 05, 2020 -- Pelangio Exploration Inc. (PX: TSX-V; OTC PINK: PGXPF) (“Pelangio” or the “Company”)

announces that the Board of Directors has approved the grant of 500,000 incentive stock options to directors, officers and

consultants of the Company. The options are exercisable into common shares of the Company at a price of $0.14 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 May 4, 2025.

For additional information about the Company, please visit our website at www.pelangio.com.

Ingrid Hibbard, President & CEO

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.