Pelangio Provides Update ON the Dalton Property and Addition to the Technical Team
Pelangio Exploration Inc.
Pelangio Exploration Inc. News Release – January 8, 2019 1
82 Richmond Street East,
Toronto, ON M5C 1P1
Tel: 905-336-3828
Fax: 905-336-3899
NEWS RELEASE
PELANGIO PROVIDES UPDATE ON THE DALTON PROPERTY
AND ADDITION TO THE TECHNICAL TEAM
TORONTO, Ontario (January 8, 2019) – Pelangio Exploration Inc. (PX:TSX-V; OTC PINK:PGXPF)
(“Pelangio” or the “Company”) is pleased to provide an update on its plans for future exploration and
project generation. With the recent completion of the acquisition of 2522962 Ontario Inc. (“5SD Capital”),
Pelangio remains focused on exploring its properties and also pursuing new value generating projects and
opportunities in Ontario, Canada and Ghana, West Africa. The Company also wishes to announce the
addition to its technical team.
Addition to Technical Team
Pelangio is pleased to announce that Mr. Kevin Filo, P.Geo. joins the Company as the Vice-President of
Corporate Development. Mr. Filo is an experienced international mining and exploration geologist with
over 35 years of experience in the mining industry. In recent years, Mr. Filo carried out consulting work
for numerous exploration companies and successfully managed several private project generator
corporations, including 5SD Capital which was recently acquired by Pelangio. Prior to this, Mr. Filo was
Vice President Exploration for Pelangio during its acquisition of the Detour Lake Project from Placer Dome
Canada in 1998.
Ingrid Hibbard, President and CEO of Pelangio Exploration stated, “We are very pleased to have Kevin Filo
join our team, and I am delighted to be working with him again. He was instrumental in compiling 5SD’s
property portfolio and has a proven track record of attracting collaborative partners and enhancing the
value of projects he leads. We are excited for Kevin to spearhead our Canadian exploration and generate
future opportunities.”
Update on the Dalton Property
The Dalton property, one of the more strategic properties included in the 5SD property portfolio, is
located within the City of Timmins, approximately 1.5 km west of the Hollinger Gold Mine. The Hollinger
Mine is currently being operated by Goldcorp and has historical production of over 19 million ounces of
gold.
Earlier in 2018, a cursory prospecting program was conducted on the Dalton property to evaluate a series
of historical trenches. Numerous trenches observed on the property contained significant westerly
trending shear structures associated with quartz veins. Some of the larger quartz veins observed were
approximately 2 metres (m) in width. A preliminary examination of all trenches and a significant sampling
program was conducted prior to winter. This data in now being compiled and samples will be sent for
assay analysis shortly.
Further, the company secured approximately 1000m of drill core, drilled by San Gold in 2009, from eight
historical holes on the property. An initial examination of the core has shown that there are numerous
sections that have not yet been assayed. These sections of core are of interest because they have
substantial carbonate and sericite alteration, as well as sulphide mineralization within the altered zones
Pelangio Exploration Inc. News Release – January 8, 2019 2
and along with some quartz veining. Sampling of this historical core has been completed and results will
be released as soon as they are available.
The work described above represents a preliminary investigation of the Dalton Property. A more
comprehensive exploration program is planned for the 2019 field season to develop drill targets. Kevin
Filo, P.Geo., will be responsible for this program.
Qualified Person
Mr. Warren Bates, P.Geo., Pelangio’s Senior VP Exploration, 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 acquires and explores large land packages in world-class gold belts in Canada and Ghana, West
Africa. In Canada, the company is focusing on the 25 km2 Birch Lake Property, located in the Red Lake
Mining District and the Dalton Property located 1.5 km from the Hollinger mine in Timmins. In Ghana, the
Company is focusing on two 100% owned camp-sized properties: the 100 km2 Manfo Property, the site of
seven recent 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. Ghana is an English-speaking, common
law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa.
For additional information, please visit our website at www.pelangio.com, or contact:
Ingrid Hibbard, President and CEO
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 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 ability to complete the planned work programs, the Company’s
strategy of acquiring large land packages in areas of sizable gold mineralization, the Company’s plans to follow-up on previous
work, and the Company’s exploration plans. 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 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, increases in costs,
exchange rate fluctuations, speculative nature of gold exploration and other risks involved in the gold exploration industry, might
not encounter favourable exploration results. 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 obl igation 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 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 release.