News & Press Releases

Batero Gold Corp. Appoints Juan David Uribe as Chairman

Toronto, Ontario, December 1, 2015

Batero Gold Corp. ("Batero" or the "Company") (TSX-V: BAT) is pleased to announce that Juan David Uribe has been appointed Chairman of the Board of Directors. Mr. Uribe is currently a director of Batero Gold Corp. Additionally, the board of directors has appointed Alvaro Espinoza as Executive Vice President of Batero Gold Corp. Both appointments take effect immediately.

Leadership Appointments

  • Chairman of the Board: Juan David Uribe
  • Executive Vice President: Alvaro Espinoza
  • Effective Date: Immediate

Chairman's Statement

"I am looking forward to bringing my significant Colombian mining and business experience to Batero in the newly created position of Chairman of the Board of Directors," stated Juan David Uribe. "Mr. Espinoza's achievements in mining and mining finance will be an asset to Batero as the company continues to seek accretive acquisitions with our strong treasury position and move the company towards production decisions. We have been working with Red Eagle to determine the next steps regarding managing CB Gold and the Vetas deposit."

La Cumbre Drilling Program

Batero continues to advance the La Cumbre deposit with the goal of commencing an exploration drilling program in December 2015. Logan Drilling has been contracted for 3,000 meters of diamond drilling and the program is aligned with the exploitation and exploration program approved by Administrative Act PARMZ 605 of October 9, 2015 by the National Mining Agency.

Drilling Program Details

  • Contractor: Logan Drilling
  • Program size: 3,000 meters of diamond drilling
  • Start date: December 2015
  • Authorization: Administrative Act PARMZ 605 (Oct 9, 2015) - National Mining Agency
  • Objective: Advance La Cumbre deposit towards production decision

Social Responsibility Commitment

Batero's commitment to social responsibility continues with joint programs in the Quinchia area with the participation of CIDA (Canadian Agency for International Development) and IOM (International Organization for Migration).

🌟 Strategic Direction

Under the new leadership structure, Batero is focused on:

  • Advancing La Cumbre deposit (drilling program starting Dec 2015)
  • Working with Red Eagle on CB Gold and Vetas development
  • Seeking accretive acquisitions with strong treasury position
  • Maintaining social responsibility in Colombian communities

On behalf of the Batero Board of Directors

Juan David Uribe
Chairman
Batero Gold Corporation

For further information, please contact:

Michael Mills
Tel: 604.568.6378 or
Email: info@baterogold.com

About Batero

Batero is a precious and base metals exploration and development company focused on moving the La Cumbre oxide deposit toward a production decision. Once the appropriate level of study has been completed, Batero intends to target the near surface higher grade oxidized gold mineralization at the deposit. Batero is also pursuing opportunities to acquire prospective high-grade, production focused mineral properties in Colombia and Latin America. In pursuing these objectives, Batero plans to leverage its secure treasury position, strong regional relationships, experienced management team, and long-term financial partners. Common shares of the company trade on the TSXV under the symbol "BAT".

Forward-Looking Statements

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although Batero believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.

Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements are subject to various known and unknown risks, uncertainties and other factors including risks relating to the completion of the transactions described herein, risks relating to property interests, the global economic climate, metal prices, dilution, environmental risks and non-governmental actions.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered or an exemption from such registration is available.

Neither the 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.