BAT Batero Gold Corp

Batero Gold Corp. ("the Company") (TSX
VENTURE:BAT)(PINKSHEETS:BELDF)(FRANKFURT:68B) is pleased to announce the
commencement of its 2012 diamond drill program at the La Cumbre deposit ("La
Cumbre"), one of three porphyry deposits at the Company's 100% owned
Batero-Quinchia project ("Project") located in Risaralda, Colombia. The drill
program is planned to include a minimum 2,000 metres and up to 6,000 metres of
diamond drilling including infill, step-out, metallurgical and geotechnical
drilling. The work plan will initiate with a single drill rig and will
incorporate a second rig as required.


The drill program is part of the 2012-2013 work program designed to advance La
Cumbre towards a production decision (please refer to the Company's news release
dated July 18, 2012). The Company is evaluating the most efficient and cost
effective mine scenario, including a leach processing circuit and the optimum
starter pit production rate from the near and at surface high grade oxidized
gold mineralization.


Continuous Zones of High Grade Oxidized Mineralization

Gold mineralization at La Cumbre occurs as large, continuous zones of at surface
and higher gold grade oxidized mineralization. (Please refer to the corporate
presentation at www.baterogold.com). The 2012 drill program will evaluate
potential extensions of the mineral resources and will focus on upgrading the
indicated mineral resources to a NI 43-101 compliant measured resource category.
Existing drill spacing suggests the possibility that only limited drilling may
be required to upgrade the oxidized mineralization to a measured resource
category.


The Company believes that step-out drilling has the potential to increase the
size of the resources and grade of gold mineralization to determine the
potential starter pit at La Cumbre. Zones of high grade oxidized gold
mineralization at La Cumbre remain open beyond the current extent of drilling.


Metallurgical and Geotechnical Testing

Initial gold recovery results from bottle roll tests at La Cumbre range from 91%
to 94% in oxidized mineralization (see NI-43-101 Technical Report at
www.baterogold.com). New drilling is expected to provide sample material for
metallurgical column leach testing in order to provide additional recovery
estimates and to determine an optimum process flow sheet for the oxidized
mineralization at La Cumbre.


The topography and location of gold mineralization at La Cumbre support a low
strip ratio for a potential starter pit. Geotechnical drilling will be used to
complete initial geotechnical studies in order to assess pit slope angles of a
potential starter pit.


Darryl Lindsay, Ph.D., P.Geo., Senior Vice President and Chief Operating Officer
at Batero Gold, is the qualified person as defined by National Instrument 43-101
and is responsible for the technical information provided in this release.


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Brandon Rook, President & CEO

Batero Gold Corp.

ABOUT BATERO GOLD 

Batero Gold Corp. is a precious and base metals exploration and development
company focused in the emerging and prolific Mid-Cauca porphyry gold and copper
belt in the Quinchia district of Colombia. Batero has a 100% interest in the
Batero-Quinchia gold project and is currently focused on advancing La Cumbre
deposit toward a production decision optimizing the most efficient leach
processing circuit. The Company is first targeting the at surface higher grade
oxidized gold mineralization. Batero has assembled a strong management and
technical team that have contributed to significant discoveries and mineral
development programs in Colombia and South America. Batero plans to leverage its
strategic share structure with strong local and regional relationships, and
long-term financial partners, to develop its Batero-Quinchia exploration project
into a gold producing operation. Shares of the Vancouver-based company trade on
the Toronto 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 relate to, among other things: the
timing and scope of expected diamond drilling and metallurgical and geotechnical
testing; extensions of mineral resources, categorization and updating of mineral
resource estimates, grades on the Batero-Quinchia project; scope of
mineralization within the Batero-Quinchia project; timing of receipt of permits
and regulatory approvals; the sufficiency of the Company's capital to finance
the Company's operations; geological interpretations, potential mineral recovery
processes and potential mine scenarios.


Forward-looking statements or 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, including, without limitation, risks relating to: fluctuations in
the spot and forward price of gold or certain other commodities; changes in
national and local government legislation, taxation, controls, regulations and
political or economic developments in Canada, Colombia or other countries in
which the Company may carry on business in the future; the uncertainties
involved in interpreting geological data; business opportunities that may be
presented to, or pursued by, the Company; operating or technical difficulties in
connection with mining activities; the speculative nature of gold exploration
and development, including the risks of obtaining necessary licenses and
permits; diminishing quantities or grades of reserves; and contests over title
to properties, particularly title to undeveloped properties. In addition, there
are risks and hazards associated with the business of gold exploration,
development and mining, including environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion
losses (and the risk of inadequate insurance, or the inability to obtain
insurance, to cover these risks).


This list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. Forward-looking statements or
information are statements about the future and are inherently uncertain, and
actual achievements of the Company or other future events or conditions may
differ materially from those reflected in the forward-looking statements or
information due to a variety of risks, uncertainties and other factors,
including, without limitation, those referred to in the Company's Annual
Information Form dated May 8, 2012 under the heading "Risk Factors". Although
the Company has attempted to identify important factors that could cause actual
results to differ materially, there may be other factors that cause results not
to be as anticipated, estimated, described or intended. Accordingly, readers
should not place undue reliance on 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
and information if circumstances or management's assumptions, beliefs,
expectations or opinions should change, or 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.

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