Pelangio Exploration Reports Results of Annual Meeting of Shareholders

TORONTO, ONTARIO--(Marketwire -05/24/12)- Pelangio Exploration Inc. (PX.V) ("Pelangio" or the "Company") is pleased to announce that all proposed resolutions were approved today at the Company's Annual Meeting of Shareholders.

About Pelangio

Pelangio successfully acquires and explores camp-sized land packages in world-class gold belts, while using innovative corporate restructuring to maximize shareholder value. The Company primarily operates in Ghana, West Africa, an English-speaking, common law jurisdiction that is consistently ranked amongst the most favourable mining jurisdictions in Africa. The Company is exploring two 100%-owned camp-sized properties: the company-making 100 km2 Manfo Property, the site of five recent near-surface, high grade and bulk tonnage, gold discoveries, and the potentially game-changing 290 km2 Obuasi Property, located four kilometres on strike and adjacent to AngloGold Ashanti's prolific, high-grade Obuasi Mine, which has produced over 30 million ounces of gold since 1897.

For additional information, please visit our website at www.pelangio.com, or follow us on Twitter @PelangioEx.

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