VANCOUVER, BRITISH COLUMBIA – May 6, 2015 - Batero Gold Corp. (“Batero”, or the “Company”) (TSX-V: BAT) is pleased to announce the latest results from the oxide sampling program at its 100% owned Batero-Quinchia Project in the Department of Riseralda, Colombia. The latest auger sampling results show values up to 1.86 g/t Au from the Dos Quebradas area, with 32 of 116 total samples having values greater than 0.7 g/t Au.

Recent soil samples from the La Lenguita and Dos Quebradas areas of the project were taken at depths of 1 to 15 meters below surface in 41 auger holes. Results from La Lenguita indicate a north-northwest trend of samples assaying more than 0.75 g/t Au stretching over 250 metres. The trend is open in both directions and appears to be structurally controlled.  

Samples assaying greater than 0.75 g/t Au at Dos Quebradas correlate with the contact between the diorite intrusive host of porphyry gold mineralization and the surrounding basalt. The anomalous areas at Dos Quebradas remain open to the north, northwest and southwest. Follow up of the anomalies in both areas will be carried out to delimit the extent of the anomalous zones. Locations of the anomalous areas can be viewed at www.baterogold.com or http://www.baterogold.com/en/2015-oxide-sampling-results and a summary of the recent results are shown in the following table.

Sector

# Samples

Au (g/t)            Average

Au (g/t)            Range

Area Sampled

La Cumbre

59

0.47

0.02 - 1.70

600 x 500m

La Lenguita

19

0.35

0.09 - 1.44

300 x 200m

Dos Quebradas

38

0.66

0.12 - 1.86

400 x 300m

 

“Our geological team is making significant advances in locating and expanding the near surface higher grade areas of gold mineralization within the oxide cap at Batero-Quinchia in a cost effective manner” stated Roger Moss, President and CEO of Batero Gold. “All three sectors contain areas of higher grade saprolite hosted oxide mineralization that remain open and will be the focus of continued auger sampling as we continue to delineate the extent of the mineralization.”

In Corporate news, the company is pleased to announce the appointment of Mr. Rodger Roden as Chief Financial Officer of the Company.  Mr. Roden replaces Mr. Jorge Torres effective May 1st, 2015.  The Company would like to thank Mr. Torres for the service he provided to Batero as Chief Financial Officer and his efforts to reduce expenses and preserve the significant treasury. We wish him well in his future endeavours.

Mr. Roden is a Chartered Accountant with more than 25 years of industry experience. He has worked as Vice President of Finance/Chief Financial Officer with public companies in a broad range of industries. Mr. Roden’s experience includes all aspects of corporate finance, mergers and acquisitions, IT implementations, tax and business systems and process analyses and implementation. Most recently Mr. Roden has worked exclusively in the mining industry.

Quality Control and Quality Assurance

All sampling was undertaken by Batero Gold personnel. Auger samples of approximately 2kg were taken at depths ranging from 1 to 15.5 metres, depending on the thickness of barren cover (volcanic ash and/or colluvium). Samples were placed in heavy duty plastic bags, labelled, sealed and securely stored before transport to the laboratory. Samples were analyzed at ALS Laboratories in Lima Peru, following preparation at ALS in Medellin Colombia. Gold was assayed by atomic absorption spectroscopy following standard fire assay preparation (FA-AAS). Batero submitted blanks, duplicates and standards with the sample batches as part of its QA/QC program. Quality control samples comprised 17% of the samples analyzed.

Dr. Roger Moss P.Geo., the Company’s Qualified Person, prepared the technical information in this news release.

ON BEHALF OF THE BOARD OF

BATERO GOLD CORP.

Roger Moss

President and CEO

Batero Gold Corporation

 

For further information please contact:

 

Michael Mills

Tel: 604.568.6378 or

 

Roger Moss

Tel: 416-704-8291

 

Email:This email address is being protected from spambots. You need JavaScript enabled to view it.

 

ABOUT BATERO GOLD

Batero Gold Corp. is a precious and base metals exploration and development Company focused on two primary objectives. The first of these objectives is the advancement of the La Cumbre oxide deposit. La Cumbre is located within the Company’s 100% owned Batero-Quinchia Gold Project, which sits within Colombia’s emerging and prolific Mid Cauca gold and copper belt. Batero is moving the La Cumbre oxide deposit towards the goal of making a production decision, once the appropriate level of study has been completed, and intends to first target the near and at surface higher grade oxidized gold mineralization at the deposit. Batero’s second objective is to pursue opportunities to acquire prospective high-grade, production focused mineral properties in Colombia and Latin America. In pursuing both these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners. Shares of the Vancouver-based company trade on the TSX-Venture Exchange under the symbol “BAT”.

FORWARD LOOKING STATEMENTS

Certain of the statements and information in this press release constitute “forward-looking statements” or “forward-looking information”.  Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information.

Forward-looking statements or information may relate to, among other things: developing the most efficient and cost-effective leach processing circuit for the Cumbre gold deposit; the timing and scope of expected diamond drilling; resource estimates; grades on the Batero-Quinchia project; scope of mineralization within the Batero-Quinchia project; receipt and/or timing of required permits and regulatory approvals; the sufficiency of the Company’s capital to finance the Company’s operations; and geological interpretations and potential mineral recovery processes.

Forward-looking statements and information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and, other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements or information in the event that circumstances or management’s assumptions, beliefs, expectations or opinions should change, or there should occur or develop changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

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.


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