Pelangio Exploration Inc. (TSX-V:PX; OTC PINK:PGXPF) ('Pelangio' or the 'Company') is pleased to announce that is has received the results from its 2020 till sampling programs and subsequent Induced Polarization-Resistivity ('IP') survey at its Hailstone property in Northern Saskatchewan.
These results are very encouraging and indicate high priority gold targets associated with surface gold mineralization.
Highlights of the Hailstone Property
Recent till sampling of the Asbell Bay target area confirmed two anomalous areas of interest, the - Bornite Zone and the Crocodile Zone, with samples containing a significant number of gold grains; These anomalous areas are associated with known gold occurrences, with grab samples assaying up to 15.9 g/t gold ('Au') as reported previously by Pelangio ; Peripheral till sampling proximal to known mineralized zones also detected isolated highly anomalous till samples. To the southwest of the Crocodile Zone, one such sample contained 270 gold grains suggesting additional till sampling work is warranted for further target development in other sections of this highly prospective, under-explored property; In December 2020, an IP survey was conducted on a select portion of the Asbell Bay target area (the Bornite Zone and Crocodile Zone occurrences) and related till anomalies which outlined numerous targets associated with both till anomalies and various gold occurrences; The Hailstone property is surrounded by a number of historical gold mines in geological environments similar to Hailstone.
About Pelangio
Pelangio acquires and explores world-class gold belt land packages 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 seven 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 as the newly optioned Dankran property located adjacent to its Obuasi property. In Canada, the Company is currently focused in Ontario on its Grenfell property, located 10 km from Kirkland Lake, at its Dome West property, situated some 800 meters from the Dome Mine in Timmins and is advancing its Hailstone property in Saskatchewan.
Contact:
Tel: 1-877-746-1632
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 sizeable 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, and Canada, increases in costs, exchange rate fluctuations, speculative nature of gold exploration, including the risk that favourable exploration results may not be obtained, 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 forwardlooking 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.
PELANGIO EXPLORATION INC. 
