Pelangio Exploration Initiates Updated Mineral Resource Estimate for Manfo Project

Pelangio Exploration Inc. (TSXV:PX)(OTC PINK:PGXPF) has commenced work on updating the Mineral Resource Estimate (MRE) for the Manfo Project in Ghana's Sefwi Gold Belt. The completion of this new estimate is anticipated by December, marking a key advancement for the project.

Ingrid Hibbard, President and CEO, noted, "This updated resource estimate enhances our understanding of the asset and sets the stage for future project exploration and development." The previous assessment in 2013 reported a resource of 195,000 ounces of gold (Indicated) and 298,000 ounces (Inferred), based on a $1450 gold price.

SRK Consulting Ghana Ltd. has been engaged for the update, with a site visit already completed. Pelangio aims to expand the project's potential and achieve further development milestones.

The updated MRE follows NI 43-101 standards, though the 2013 estimate is no longer compliant under current standards. The project has significant exploration potential, driven by the increased gold price and renewed focus.