TORONTO, ONTARIO--(Marketwire - Jan. 25, 2010) - Pelangio Exploration Inc. (TSX VENTURE:PX - News; "Pelangio" or the "Company") is pleased to announce assay results from the first phase of its diamond drill program on its property near Obuasi, Ghana (the "Obuasi Property"). The Company has received assay results from the first 4,205 metres (12 holes) of its ongoing first phase diamond drill program on the Obuasi Property, the best result of which was an intercept of 2.00 g/t over 7.00 metres on the Tikal prospect. The drilling tested the Tikal, Mount Kate, Boundary and Schoolhouse West prospects see map (image 1) illustrating the location of these prospects.

"The initial results from Tikal are promising and the zone of alteration and quartz veining in PG09-TK-01 certainly warrants further drilling," stated Warren Bates, Senior Vice President Exploration of Pelangio. "On the Mount Kate prospect, we successfully intersected the Cote D'Or structure in drill hole PG09-MK-03, which contained intervals of anomalous gold values. This structure is an important marker for mineralization at the Obuasi Mine. The drill program is still in its early stages, so identifying the position and orientation of the Cote D'Or structure will aid our drilling program going forward."

Tikal

Hole PG09-TK-01 encountered a 0.8 metre white pyritic quartz vein containing a fleck of visible gold (see Image 2) surrounded by approximately 6.0 metres of strong alteration at 108 to 115 metres depth (see image 3). Hole PG09-TK-03 appears to have hit the periphery of this zone of alteration at a depth of 186 metres. Please follow the links to access a section (see image 4) and plan (see image 5) views of the drilling.

Mount Kate

The drilling at Mount Kate encountered multiple zones of strong alteration and quartz veining. In both PG09-MK-01 and PG09-MK-03, sulfide mineralized veins of 5.0 and 8.0 metres, respectively, were encountered, surrounded by strong carbonate-pyrite altered graphitic shale's. Please follow the link to access a section view of the drilling (see image 6). The Company has planned a further eight holes for the Mount Kate prospect, which will be completed during the first phase of the drill program.

Including the results announced today, Pelangio has now completed 16 holes totaling 5,296 metres of its 30,000+ metre drill program on the Obuasi Property. Follow-up drilling during the ongoing 12,000 metre first phase of the program will test the north and south down-strike extensions of both the Tikal and Mount Kate prospects. Additionally, drilling will be completed on the East Copper, Big Vein, NT1 and Kusa prospects during the next two months.

The following table summarizes assay results from the first 12 holes of the program:

----------------------------------------------------------------------------
                                                                       Hole
                        From   To  Width  Average                    Length
Area               BHID   (m)  (m) (m)(1) Au (g/t)         Comments      (m)
----------------------------------------------------------------------------
                                                            Zone of
                                                       quartz veins
Tikal        PG09-TK-01  108  115    7.0     2.00       and sulfide     232 
----------------------------------------------------------------------------
                                                       87 m beneath         
Tikal(2)     PG09-TK-03  186  187    1.0     1.18        PG09-TK-01     313 
----------------------------------------------------------------------------
Mount Kate   PG09-MK-01  NSR  NSR             NSR                       473
----------------------------------------------------------------------------
                                                   Anomalous quartz         
Mount Kate   PG09-MK-02  216  222    6.0     0.38     vein interval     341 
----------------------------------------------------------------------------
                                                   Anomalous quartz         
Mount Kate   PG09-MK-03  398  399    1.0     1.06     vein interval     602 
----------------------------------------------------------------------------
Schoolhouse                                        Anomalous quartz         
 West       PG09-ASW-01  200  201    1.0     1.30     vein interval     257 
----------------------------------------------------------------------------
Schoolhouse                                                                 
 West       PG09-ASW-02  NSR  NSR             NSR                       350 
----------------------------------------------------------------------------
Schoolhouse                                                                 
 West       PG09-ASW-03  NSR  NSR             NSR                       257 
----------------------------------------------------------------------------
Boundary     PG09-BD-01  NSR  NSR             NSR                       276 
----------------------------------------------------------------------------
Boundary     PG09-BD-02  NSR  NSR             NSR                       268 
----------------------------------------------------------------------------
Boundary     PG09-BD-03  NSR  NSR             NSR                       316 
----------------------------------------------------------------------------
                                                   Anomalous quartz         
Boundary     PG09-BD-04  438  441    3.0     0.25     vein interval     520 
----------------------------------------------------------------------------

(1) Intervals are core length. True width is unknown at this time.
(2) Drill hole PG09-TK-03 was drilled prior to PG-09-TK-02, assays on which
    are pending.

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 Brofoyedru, Ghana. The other half was sampled, placed into sealed bags and stored at the site until it was shipped to ALS Chemex 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. Samples in drill hole PG09-TK-01 were analyzed with metallic screen procedures at ALS Chemex Kumasi. 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 certified reference material for every 20 samples and one duplicate analysis every 20 samples.

The exploration program at the Obuasi Property is overseen by Warren Bates, P. Geo. (Ont.), and managed by Mr. Chris Pegg, P. Geo. (Sask.), each of whom is a Qualified Person within the meaning of National Instrument 43-101. Mr. Bates and Mr. Pegg have verified and approved the data disclosed in this release, including the sampling, analytical and test data underlying the information.

About Pelangio

Pelangio is a gold exploration company active in two of the top-ranked mining jurisdictions in the world, Canada and Ghana. The Company's primary goal is to discover Obuasi Mine-style gold ore shoots on its 290 km2 property located on strike and adjacent to AngloGold Ashanti's Obuasi Mine, which has produced 30 M oz of gold since 1897 and holds current reserves and resources of 37 M oz (9.7 M oz reserve in a global resource comprising: 24.5 M oz measured and indicated; 12.5 M oz inferred - as further described in AngloGold Ashanti's Mineral Resource and Ore Reserve Report 2008).

For additional information, please visit our website at www.pelangio.com