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Pelangio Congratulates the Detour Gold Team on its Updated Resource Estimate on the Detour Lake Project

Fri Jul 4, 2008 3:53pm EDT
 
  TORONTO, ONTARIO, Jul 04 (MARKET WIRE) -- 
Pelangio Mines Inc. (TSX: PLG) ("Pelangio") would like to congratulate
the Detour Gold team on its excellent ongoing work on the Detour Lake
property in northern Ontario. Detour Gold has increased the measured and
indicated resources on the project by 125% (from 4.8 million ounces to
10.8 million ounces of gold), with a further 2.5 million ounces of gold
in the inferred category.

    "Gerald Panneton's team at Detour Gold has once again exceeded our
expectations in increasing the mineral resources at the Detour Lake
project and proving that the deposit continues to hold significant upside
potential," stated Ingrid Hibbard, Pelangio's President and Chief
Executive Officer. "Detour Gold's excellent work to date has
significantly increased the value of our investment and we intend to
continue holding our investment as the project moves towards development
and production."

    About Pelangio

    Pelangio is a gold exploration company active in the top-ranked mining
jurisdictions in the world, Canada and Ghana. Pelangio's main focus is to
advance its exploration programs on its premier land position in Ghana
totaling 290 square kilometres, located on strike and adjacent to
AngloGold Ashanti's Obuasi gold mine.

    Pelangio also has a 44.6% equity interest in Detour Gold, which controls
the Detour Lake advanced exploration project. The near-term objective of
Detour Gold is to advance the Detour Lake project to development and
production.

Contacts:
Pelangio Mines Inc.
Ingrid Hibbard
President & CEO
(905) 875-3828 or Toll Free: 1-877-746-1632

Pelangio Mines Inc.
Warren Bates
Vice President Exploration
(905) 875-3828 or Toll Free: 1-877-746-1632
Email: info@pelangio.com
Website: www.pelangio.com

Copyright 2008, Market Wire, All rights reserved.

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