VANCOUVER, BRITISH COLUMBIA – March 26, 2014 - Batero Gold Corp. (“Batero,” or the “Company”) (TSX-V: BAT) is pleased to announce the appointment of Dr. Roger Moss as President and CEO of the Company. Dr. Moss replaces Mr. Juan David Uribe, formerly interim President and CEO, effective March 24, 2014. The Company would like to thank Mr. Uribe for the extensive time and valuable leadership he provided as interim President and CEO during the transition period, and is pleased to confirm that Mr. Uribe will remain a Director of the Company.
Dr. Moss is a professional geologist with over 17 years international experience in the exploration industry, including 13 years in senior management positions. Dr. Moss was instrumental in the discovery of the +5 million oz Navachab gold deposit in Namibia and has conducted extensive research on hydrothermal ore deposits. He has spent the last 14 years working primarily on porphyry and epithermal projects in Latin America, including overseeing exploration at the advanced stage Vizcachitas porphyry copper deposit in Chile as President of Los Andes Copper. He is an adjunct professor in Mineral Engineering at the University of Toronto, where he shares his interest and experience in ore deposits and mineral exploration.
Mr. Uribe stated, “on behalf of the Board, I would like to welcome Roger to the Batero team. I believe his significant experience in both mineral exploration and junior mining company management will be an asset to Batero as we pursue opportunities to move the company forward.”
During the first quarter, Batero continued to focus on reducing costs and consequently remains in a strong cash position.
ON BEHALF OF THE BOARD OF
BATERO GOLD CORP.
Juan David Uribe
Batero Gold Corporation
For further information please contact:
Tel: 604.568.6378 or
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.