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Pelangio Exploration Announces Additional Drilling Results from Manfo Property in Ghana

Pelangio Exploration Inc. (TSX VENTURE:PX)(OTCBB:PGXPF) has announced results from 10 additional diamond drill holes totaling 1,638 metres at the Pokukrom East and Nfante West gold zones on the Manfo Property in Ghana.

Highlights of the drill results reported today include:

Pokukrom East Zone

  • 1.36 grams per tonne (g/t) gold over 52 metres in SPDD-106, from 22 metres down-hole in transitionally oxidized bedrock, from saprolite to sulphide, including a higher grade zone in sulphide of 3.47 g/t gold over 13 metres;
  • 1.50 g/t gold over 51 metres in SPDD-107 (which includes a higher grade zone of 3.53 g/t gold over 11 metres) within an intersection of 1.13 g/t gold over 72 metres from 63 metres down-hole in unoxidized bedrock, or sulphide;
  • Intersections continue to confirm broad mineralized zone at Pokukrom East that is open at depth and in excess of 500 metres in strike length;
  • Drilling ongoing at Pokukrom East.

Nfante West Zone

  • 1.05 g/t gold over 23 metres in SFDD-100, from 25 metres down-hole in saprolite (including a higher grade interval of 2.67 g/t gold over 8.0 metres from 31 metres in sulphide) in a broadly mineralized (uncut) intersection of 0.43 g/t gold over 96 metres;
  • SFDD-100 confirms 100 metre northern extension of previously reported intersection of 1.50 g/t gold over 61 metres (SFDD-079) and total strike length of over 280 metres from previously reported intersection of 0.91 g/t gold over 40 metres (SFDD-082) to SFDD-100;
  • Broad zones of mineralization intersected in holes drilled up to 200 metres north of the defined anomaly.

"Today's results from Pokukrom East and Nfante West continue to prove the potential of the Manfo Property to host a series of bulk tonnage deposits with localized high grade zones," stated Warren Bates, Senior Vice President Exploration. "The results from Pokukrom East represent some of the broadest and most continuous intersections we have yet encountered on the property. We have already intersected the Pokukrom East zone over a 500-metre strike length, with the strongest area of the geochemical anomaly continuing a further 200 metres south. We have also identified targets beyond the Pokukrom East anomaly indicating that the mineralization may extend beyond the anomaly itself."

Mr. Bates continued, "At Nfante West, we have confirmed the northern extent of a strike length in excess of 280 metres. The broadly mineralized intersections north of the anomaly continue to indicate that we are in a major mineralized system. The zone is open at depth and to the west. More local targets will be developed through surface work and geophysical interpretation. We will continue defining the mineralized zone at Nfante West with further drilling."

Geological Setting

At Pokukrom East, holes SPDD-106 and -107 were 100 metre and 50 metre step-outs, respectively, south of previously reported holes SPDD-085 (1.64 g/t gold over 36 metres) and SPDD–086 (collared in 1.11 g/t gold over 18 metres), with SPDD-107 being an 85 metre step-back from SPDD-106. The mineralization in both holes is consistent with the style of mineralization in holes to the north (SPDD-085, -086 and -089) and south (SPDD-087 and -088) indicating the continuity of a single wide mineralized zone. The mineralization is hosted within a quartz-carbonate, hematite or sericite-pyrite altered metagranitoid.

Hole SPDD-105 at Pokukrom East was a 200 metre step-out south of previously reported hole SPDD-088 (24.7 g/t over five metres in a broader intercept of 1.39 g/t gold (cut to 20 g/t) over 53 metres). The hole collared in mineralization interpreted as the footwall of the mineralized zone, which may indicate that the zone continues west of the drill hole collar. The Company is planning step-backs to the west of SPDD-105 to intersect the full width of the mineralized zone.

At Nfante West, SFDD-98 and -100 were 100 metres step-outs to the north of previously reported SFDD-079 (1.50 g/t gold over 61 metres), with SFDD-098 being a 40 metre step-back from -100. The mineralization is hosted in quartz-sericite-carbonate-pyrite alteration within a sheared granitoid.

SFDD-099 and -101 were 200-metre step-outs, respectively, to the north of SFDD-98 and -100. Mineralization encountered in the bottom of SFDD-099 (0.38 g/t gold over 31 metres from 72 metres down-hole) and SFDD-101 (0.29 g/t gold over 20 metres from 69 metres) may indicate that the Nfante West zone continues east of these drill holes. The geology and alteration intersected in these holes is similar to the other holes drilled at Nfante West.

SFDD-102, -103 and -104 were 400, 500 and 700 metre step-outs, respectively, to the north of drill holes SFDD-98 and 100 testing a 40 ppb geochemical anomaly, which encountered anomalous though not significant results.

Drilling Progress and Exploration Outlook

Including the 10 holes totaling 1,638 metres reported today, Pelangio has completed 15 drill holes totaling 2,399 metres in its second phase drill program on the Manfo Property. The Company recommenced drilling at Pokukrom East on January 16, 2011 and expects to complete further holes at Pokukrom East during the second phase drill program prior to moving to Pokukrom West, where drilling has encountered multiple high grade intercepts. The ongoing second phase diamond drilling program on the Manfo Property is expected to total well in excess of 5,000 metres. The Company will release further assay results as they are received.

The Company is currently conducting geochemical surveying southeast and northwest of the approximately 10 square kilometre area containing the Nfante West and East and Pokukrom West and East discoveries and the strong geochemical anomalies identified 3.5 kilometres north of this area at Sika North. Trenching is also progressing on targets to the north of Pokukrom East and West and south of Sika North. Pelangio has interpreted a 10 kilometre trend of anomalies from wide, 800 metre spaced geochemical and geophysical surveying in the northwestern portion of the Manfo Property, with the southeastern portion of the Manfo Property currently being evaluated geochemically.

Pelangio's exploration focus on the Manfo Property is to identify near-surface drill ready targets through geochemical sampling and to test and extend such targets with drilling and geophysical data. The Company's near term aim is to discover and delineate as many gold mineralized zones on the Manfo Property as possible prior to evaluating such zones within the constraints of a global resource estimation.

Quality Assurance/Quality Control and Qualified Person

The drill holes reported in this press release were drilled using HQ (63.5 mm) and NQ (47.6 mm) sized diamond drill bits. Company security is provided at the drill site. Contractors working for Pelangio conducted all logging and sampling. The core was logged, marked up for sampling using standard lengths of one metre, then split into equal halves using a diamond saw. One half of the core was left in the original core box and stored in a secure location at the Pelangio compound in Tepa, Ghana. The other half was sampled, placed into sealed bags and securely stored at the site until it was shipped to the ALS Chemex laboratory in Kumasi, Ghana. The core was dried and crushed by ALS Chemex and a 150 gram pulp was prepared from the coarse crushed material. ALS Chemex conducted routine gold analysis using a 50 gram charge and fire assaying with atomic absorption finish. Quality control procedures included the systematic insertion of blanks, duplicates and sample standards into the sample stream at the rate of one per every 20 samples. In addition, ALS Chemex inserted one preparation blank and a certified reference sample in for every 20 samples, and ran one duplicate analysis every 20 samples.

In respect of SFDD-079, every sample returning more than 100 parts per billion gold was subsequently sent for follow-up metallic screening analysis, in which a 1000 gram pulp was analyzed. The screening of samples produced two size fractions – less than 75 micrometres (um) and greater than 75 um. These fractions were then analyzed independently by fire assay and atomic absorption.

The exploration program at the Manfo Property is overseen by Warren Bates, P. Geo. (Ontario), a Qualified Person within the meaning of National Instrument 43-101. Mr. Bates has verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information.

Source: Pelangio Exploration Inc.

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