TORONTO, Ontario, (June 29, 2009)
- Pelangio Exploration Inc. (PX:TSX-V) ("Pelangio" or the "Company"),
in response to a number of queries from investors, is pleased to provide
an update on the location of its Thunder Gold and Poirier properties
(the "Property") in the West Timmins District of Ontario. The Property
is located adjacent to the Thunder Creek Joint Venture, a 60/40 joint
venture between Lake Shore Gold Corp. and West Timmins Mining Inc., as
approximated on the map, below:
Continuance to the Canada Business Corporations Act
At the annual and special meeting of Pelangio's shareholders on June 25,
2009, the shareholders approved the continuance (the "Continuance") of
the Company from the Business Corporations Act (Alberta) to the Canada
Business Corporations Act, as further described in the Company's
management information circular dated May 26, 2009. The Continuance was
effected on June 25, 2009.
Pelangio to be featured on CEO Clips airing on BNN
CEO Clips, a series of 1-2 minute corporate profiles on Canadian
companies, will feature Pelangio on BNN from June 29 to July 29, 2009.
The clip can also be viewed online via the following link: http://www.pelangio.com. In addition, the clip will be posted on Yahoo Finance Canada, stockhouse.ca and MSN Finance as well as www.ceoclips.com.
About Pelangio
Pelangio is a gold exploration company active in the top-ranked mining
jurisdictions in the world, Canada and Ghana. The Company's main focus
is to advance its exploration programs on its premier land position in
Ghana totaling 290 square kilometres, located on strike and adjacent to
AngloGold Ashanti's Obuasi gold mine.
About BNN
Business News Network (BNN) is Canada's only all business specialty
channel with real time coverage of global market activity from a
Canadian perspective.
For additional information, please visit our website at www.pelangio.com or contact:
Ingrid Hibbard, President & CEO or
Brendan Cahill, Corporate Secretary
Tel: 905-875-3828 / Toll-free: 1-877-746-1632 / Email: info@pelangio.com
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. With respect
to forward-looking statements and information contained herein, we have
made numerous assumptions. Forward-looking statements and information
include statements regarding our exploration plans and exploration
results with respect to our properties, and are subject to
forward-looking risks, uncertainties and other factors which may cause
our 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 gold price volatility, changes in
equity markets and other risks involved in the gold exploration
industry. See our management information circular and our annual and
quarterly 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.