Batero Announces Results from Annual General and Special Meeting

Batero Gold Corp. (TSX VENTURE:BAT) ("Batero" or "the Company") is pleased to
announce that all resolutions have been passed at Batero's Annual General and
Special Meeting of shareholders (the "Meeting").


The key resolution passed at the Meeting was the disinterested shareholder
approval for the creation of a new "Control Person" as defined by TSX Venture
Exchange policies. This approval is related to the anticipated conversion of
18,456,000 subscription receipts of the Company held by certain shareholders of
Consorcio Minero Horizonte S.A. (together with its affiliates and shareholders,
the "Horizonte Group") into an equal number of common shares and 5,000,000
common share purchase warrants of the Company. Further details relating to the
subscription receipts are described in the Company's news release of November
29, 2012. The conversion of the subscription receipts is subject to final
approval from the TSX Venture Exchange. Following the conversion of the
subscription receipts, which is expected to occur within five business days, the
Horizonte Group will own or control approximately 35% of Batero's then issued
and outstanding shares. 


In addition, shareholders approved the election of directors as well as the
Company's option plan and shareholders rights plan.


Following the Meeting, Batero's Board of Directors appointed Mr. Brandon Rook as
President and CEO, Mr. Darryl Lindsay as Senior Vice President and Chief
Operating Officer, Mr. Darren Tindale as Chief Financial Officer, Mr. Nick
Demare as Corporate Secretary and Mr. Darrell Podowski as Assistant Corporate
Secretary of the Company. 


For further details about the subscription receipts and related transactions
with the Horizonte Group, see the Company's news releases dated November 1,
November 29, and December 13, 2012 and the Company's management information
circular dated November 30, 2012 prepared in connection with the Meeting. These
documents are available on www.sedar.com.


The subscription receipts and the underlying shares and warrants have not been
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States unless registered under the Act or unless
an exemption from registration is available.


About Batero Gold

Batero Gold Corp. is a Vancouver-based precious and base metals exploration and
development company focused on its 100% owned Batero-Quinchia Project in the
Quinchia district of Colombia's emerging Mid-Cauca porphyry gold and copper
belt. The Company is evaluating the most efficient mine scenario at the La
Cumbre deposit, one of three porphyry deposits at the Batero-Quinchia Project.
Batero plans to leverage its strong management team, regional relationships, and
strategic partnership to develop Colombia's next major mining venture. 


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Brandon Rook, President & CEO

Batero Gold Corp.

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 related to, among other things, the expected shareholdings of the
Horizonte Group and the expected date of conversion of the subscription
receipts.


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, the receipt of final TSX Venture
Exchange approval for the conversion of the subscription receipts, the need for
additional capital by the Company through financings in order to continue its
operations and the planned exploration and development of the Batero-Quinchia
Project, and the risk that such funds may not be raised; the speculative nature
of exploration and the stages of the Batero-Quinchia Project; the effect of
changes in commodity prices; regulatory risks that development of the
Batero-Quinchia Project will not be acceptable for social, environmental or
other reasons and the efforts and abilities of the senior management team. This
list is not exhaustive of the factors that may affect any of the Company's
forward-looking statements or information. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Batero Gold Corp.
604.568.6378
[e-mail]