Batero Gold Provides Corporate Update

Batero Gold Corp. ("Batero," or the "Company") (TSX VENTURE:BAT) is pleased to
provide an update regarding future developments, exploration, cost reduction
initiatives, and acquisition strategies by the company. 


The Company's strong cash position approximately $ 16.5 Million cash (per
Financial Statements ending May 31, 2013) enables Batero Gold to focus and
follow through on:




--  A 2H 2013 exploration program focused on newly identified priority
    targets as a result of a successful 1H 2013 field program. 
--  Continued development of the La Cumbre oxide deposit through the PEA to
    a feasibility study. 
--  Assessment of potential acquisition and mining development opportunities
    in Colombia. 



High priority exploration targets to be tested:

Results from 1H 2013 exploration are continuing to be analyzed and eight
additional targets that have been identified throughout the project by review
and re-interpretation of an existing aeromagnetic survey, soil grid over the
majority of the concession (3639 samples) and associated reconnaissance mapping
that uncovered an additional 15 historical adits. Individual targets in the
pipeline continue to be evaluated for drilling as specific mineral target
criteria are met. The initial four targets promoted for potential scout drilling
in the near-term are:




1.  Esmeralda Target -Two strong targets supported by high grade rock sample
    results from active and historical vein mining are located in the
    southeast area of the concession. These two targets are on trend with
    high grade mineralization evidenced through sampling within an adjacent
    producing gold mine; 
2.  Antenna and La Cumbre Sur Oxide Targets - These two targets are located
    immediately adjacent to the La Cumbre gold deposit, Antenna to the east
    and Cumbre Sur to the southwest and are of interest due to their
    potential to add ounces to theLa Cumbre oxide development project
    currently in the final stages of a PEA report; 
3.  Kobey Target - This target comprises a hydrothermal breccia, in the
    northeastern sector of the concession block, with partially oxidized
    quartz-sulphide veins encountered in three historic adits and traced out
    by a set of 5 trenches. 



"The results from 1H 2013 exploration across the entire concession area and
generation of new exploration targets within our concession demonstrates
additional opportunities at the project," stated Darryl Lindsay, Interim CEO of
Batero Gold. "As we continue to compile and analyse our data sets and develop
more advanced structural models, our understanding of the exploration
opportunities increases. The varied mineralization style and host rock
throughout the project demonstrate more prospective areas for follow-up in
addition to the near surface oxide mineralization at La Cumbre. We look forward
to drill testing these new targets." 


Management has postponed 1,300 metres of previously announced drilling at
Antenna and Cumbre Sur oxide targets pending further analysis of additional
drill prospects with the goal of drilling multiple targets within a single drill
campaign in order to be more cost efficient. The company anticipates announcing
the drill contract for these exploration targets in Q4, 2013.


Esmeralda: 

The Esmeralda target is located in the southeast area of the concession block.
The recent soil survey and reconnaissance mapping resulted in identifying
coincident soil anomalies, relative highs for gold-copper-molybdenum with
outlying lead-zinc anomalies which is a typical geochemical response expected to
overlie a porphyry style of mineralization. A regional aeromagnetic survey shows
similar high magnetic intensities as those that occur at La Cumbre and
coincident with the gold-in-soil anomaly suggesting the potential to encounter
porphyry style mineralization. In addition to this larger anomaly are more
discreet arsenic-antimony-silver anomalies that cross cut the larger anomaly.
These discreet anomalies appear to be aligned with interpreted local and
district scale structures and aligned with numerous adits in the areas. The
Esmeralda targets are located in close proximity to the Amarilla Structural
Corridor, a significant structural corridor associated with higher grade vein
and fault controlled mineralization. The targets are defined by
gold-silver-arsenic-antimony (bisimuth-copper-molybdenum) and magnetometry
geophysical anomalies appear to reflect elements of structurally controlled
higher grade epithermal style mineralization over printing a larger porphyry
mineralized system. 


Oxide targets: 

There are two oxide targets immediately adjacent to the La Cumbre oxide deposit.
The Company believes that in the future these two target areas may add
significant gold ounces to the soon to be published PEA at the La Cumbre
deposit. The Antenna oxide target is located approximately 200 metres north east
of the La Cumbre oxide deposit and has an area of approximately 600 metres by
250 metres. Field exploration consisted of mapping supported by soil and rock
sampling, as well as grid spaced auger sampling to map rock units underlying
pockets of thin volcanic ash cover. The exploration resulted in the
identification of 2 zones of more dense fracture and veinlet controlled
mineralization similar in style to the central zone of the La Cumbre deposit and
within the same host rock. 


The second high priority oxide target, Cumbre Sur, is located approximately 100
metres south of the La Cumbre oxide deposit and has an area approximately 750
metres by 150 metres. Field exploration consisted of mapping supported by soil
sampling, rock sampling and test pit excavation on 100 metre centres along the
trend of the ridge. 


The company is currently undertaking a simple trade-off study to determine the
potential benefit of these areas in light of their nearness to the La Cumbre
project. 


Kobey target: 

The Kobey target is located in the northeastern sector of the concession and
sampling within historic adits and trenching has discovered vein style
mineralization hosted within hydrothermal breccia with partially oxidized
quartz-sulphide veins. The Kobey target appears to reflect elements of
structurally controlled higher grade mineralization. Previously released sample
results from Kobey include sample MQ-6017, a 2 metre linear chip sample of
hydrothermal breccia with oxidized quartz-sulphide viens with grades of 6.3 g/t
Gold and 8.97 g/t Silver. Also, sample MQ-6019, a 2 metre linear chip sample of
hydrothermal breccia with oxidized quartz-sulphide viens with grades of 11.35
g/t Gold and 11.45 g/t Silver. 


Please see Figure 1 - Exploration Targets - Gold In Soil Geochemistry for a plan
view of the project with targets or visit www.baterogold.com for additional
project maps.


La Cumbre Oxide Deposit - Preliminary Economic Assessment 

Progress towards completion of the Preliminary Economic Assessment on the La
Cumbre oxide deposit is proceeding well and the PEA will include an updated
mineral resource estimate for the entire Batero-Quinchia deposit as well as a
potential economically extractable mineral resource for the oxide, mixed and
primary material within a first stage development plan. Additionally, the PEA
will include metallurgical and geotechnical study results to date and
recommendation for the next stage of work. The Company has just started the
review process and anticipates the PEA to be press released in early Q4, 2013. 


The Company is also actively evaluating independent studies that will support a
future feasibility study for the La Cumbre oxide Deposit. 


As the Company continues to evolve, Batero will be engaged in a search for a
President and CEO with mine engineering, mine building and acquisition
experience while at the same time advancing the development of the
Batero-Quinchia deposit. 


The Company has recently completed numerous cost cutting initiatives focused on
preserving the significant treasury (approximately $16.5 Million cash per
Financial Statements ending May 31, 2013). The cost cutting initiatives include
reduction of personnel, reduction of office space and reduction of
administrative and management expenses. The Company has decreased its overhead
significantly throughout the year and will see the financial benefits of a cost
efficient operation in the upcoming financial quarterly statements. 


"Batero's balance sheet is in excellent condition and our cost reduction
initiatives are yielding significant savings as we achieve the goal of
preserving our strong treasury position during this time of weak markets. Our
experienced management team continues to review potential acquisition prospects
and anticipates a more aggressive asset evaluation and acquisition focus,"
stated Darryl Lindsay, Interim CEO of Batero Gold Corp. "Our strong treasury
allows the company to focus on advancing the La Cumbre oxide deposit towards a
production decision, move forward with internal studies to support a future
feasibility study, provide capital for acquisitions and define additional
exploration opportunities." 


Darryl Lindsay, Ph.D., P.Geo., Interim Chief Executive 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 and all
future news releases.


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Darryl Lindsay, Interim CEO 

Batero Gold Corporation

ABOUT BATERO GOLD 

Batero Gold Corp. is a precious and base metals exploration and development
Company. The Company is focused on two primary objectives. The first of these
objectives is the advancement of the La Cumbre oxide deposit. La Cumbre is
located within the Company's 100% owned Batero-Quinchia Gold Project, which sits
within Colombia's emerging and prolific Mid Cauca gold and copper belt. Batero
is moving the La Cumbre oxide deposit towards the goal of making a production
decision, once the appropriate level of study has been completed, and intends to
first target the near and at surface higher grade oxidized gold mineralization
at the deposit. Batero's second objective is to pursue opportunities to acquire
prospective high-grade, production focused mineral properties in Colombia. In
pursuing both these objectives, Batero plans to leverage its secure treasury
position, strong regional relationships, experienced management team, and
long-term financial partners. 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:
developing the most efficient and cost-effective leach processing circuit for
the Cumbre gold deposit, the timing and scope of expected diamond drilling;
resource estimate, 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 and potential mineral
recovery processes. 


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 Filing
Statement dated as of June 22, 2010 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.


Neither 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.


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