Batero Gold Provides Development and Exploration Update at Batero-Quinchia Project, Colombia

Batero Gold Corp. (TSX VENTURE:BAT) ("Batero" or "the Company") is pleased to
provide a corporate update regarding the successful exploration and development
efforts at its Batero-Quinchia Project ("the Project"). Batero continues to make
significant progress in both advancing the Project's La Cumbre gold deposit
towards development and defining high priority exploration targets for the
Company's 2013 drill program. 


Preliminary Economic Assessment for La Cumbre Oxide Gold Deposit Anticipated for
Q2 2013


Batero expects to release a Preliminary Economic Assessment ("PEA") during the
second quarter of 2013. Progress to date includes infill drilling of the high
grade core, geotechnical drilling to assess pit wall slope angles and stability,
metallurgical bottle roll and column tests on a matrix of mineralized units, and
an infrastructure assessment. Geotechnical engineering is ongoing with Knight
Piesold. The results of this engineering, as well as both the results of all
2012 drilling and metallurgy test work completed by C.H. Plenge & Cia. S.A. and
SGS del Peru S.A.C., will be utilized by Roscoe Postle Associates Inc. to
produce this PEA, which will require no further drilling. 


Batero is focused on moving the near surface oxidized gold mineralization
through full feasibility to construction as soon as possible. The Company
interprets the dominantly fracture controlled near surface oxidized gold
mineralization to be amenable to a lower cost leach process. 


Please see 'Figure 1 - Batero-Quinchia Deposit - Focus on Near Surface Oxide
Mineralization': http://media3.marketwire.com/docs/b227m.pdf


Following the completion of the PEA, the Company expects to initiate a full
Feasibility Study during the second half of 2013. Currently, the Company is
assessing all options in preparation for the initiation of this Feasibility
Study, including the coordination of final metallurgical testing, hydrological
studies, and the remaining environmental baseline studies. Batero anticipates
that the Feasibility Study will reach completion within 12 months of
commencement. The Company is fully funded to proceed through this Feasibility
Study without any dilution to shareholders. 


"Batero continues to make progress in evaluating an optimal mine scenario,"
stated Brandon Rook, Batero's Chief Executive Officer. "Considerations include
both a leach processing circuit and the optimum starter pit production rate from
the higher grade oxidized gold mineralization at La Cumbre, which represents
just one of three porphyry deposits at the Batero-Quinchia Project. The
development of a prospective starter pit at La Cumbre could potentially serve as
the first phase of a larger staged mine development. Our progress on this
strategic decision has been greatly accelerated by the operational expertise of
our strategic partner, Consorcio Minero Horizonte."


2013 Exploration Program - High Priority Drill Targets and New High Grade Samples

Batero is pleased to announce that its 2013 work program includes an exploration
budget. The Company will utilize this budget to focus on new discoveries at the
Project, specifically targeting the 60% of the concession area that remains
unexplored. The Company has identified three new areas at the Project that are
considered highly prospective, and anticipates building upon the field work to
date to identify additional targets. The primary goal of the exploration program
will be to discover areas of high grade epithermal gold mineralization. The
Company has identified over one kilometre of historic tunnels at the Project,
and recently discovered additional tunnels by tracing out gold-in-soil soil
anomalies within the northeast geographic sector of the concession. Samples of
brecciated rock and vein material from these tunnels returned high-grade gold
assays.


Linerar Chip Sample Results from Newly Discovered Northeast Tunnels



----------------------------------------------------------------------------
 Sample   Sample Type                 Lithology                 g/t    g/t  
                                                              --------------
                                                                 Au     Ag  
----------------------------------------------------------------------------
 MQ-6017 2 metre linear   Hydrothermal breccia with oxidized    6.3    8.97 
              chip              quartz-sulphide veins                       
----------------------------------------------------------------------------
 MQ-6018 2 metre linear   Hydrothermal breccia with oxidized    1.59   4.19 
              chip              quartz-sulphide veins                       
----------------------------------------------------------------------------
 MQ-6019 2 metre linear   Hydrothermal breccia with oxidized   14.35  11.45 
              chip          quartz-calcite-sulphide veins                   
----------------------------------------------------------------------------
 MQ-6020 2 metre linear   Hydrothermal breccia with oxidized   1.715   3.03 
              chip              quartz-sulphide veins                       
----------------------------------------------------------------------------



Prior drilling results in La Cumbre established the presence of high-grade
mineralization, as evidenced by:


- Drill Hole LC003 grading 43.40 g/t gold over 2.00 meters, 28.00 meters below
surface

- Drill Hole LC055 grading 14.70 g/t gold over 2.00 meters, 41.00 meters below
surface

- Drill Hole LC038 grading 10.30 g/t gold over 4.00 meters, 65.50 meters below
surface 


"We are encouraged by recent high-grade exploration discoveries which are
defining new high priority drill targets," stated Mr. Rook. "With 60% of the
property unexplored, we believe the long-term exploration potential is
significant. The goal of these ongoing exploration activities is to determine
the potential for higher grade gold vein systems within the Batero concession
and associated with the known porphyry systems." 


"As a new Director of Batero, I am pleased with the progress to date at the
Batero-Quinchia Project," stated Felix Navarro-Grau. "Establishing the La Cumbre
deposit as a successful gold mining operation is our primary goal, and we are
committed to achieving this goal as soon as possible. I am confident that both
the development of La Cumbre's oxide deposit and the continued exploration of
the Batero-Quinchia Project will yield significant shareholder value." 


From March 3 to 6, 2013, Batero will be exhibiting at the Prospectors and
Developers Association of Canada event at the Metro Toronto Convention Centre in
Toronto, Canada. Existing and prospective shareholders are encouraged to visit
the Company at Booth 3230. On March 5, Darryl Lindsay, Ph.D., P.Geo, Batero's
Chief Operating Officer, will be co-chairing a technical session on select
Colombian projects. Please visit http://www.baterogold.com/en/investors/events
for more details on the Presentation - Jackpot at 8 Ma: Select Mineral Deposits
in the Middle Cauca Gold Belt.


Please visit www.baterogold.com for all maps.

Sample Preparation, Assays, and Quality Assurance/Quality Control

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 and
all future news releases.


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 near and 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:
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.


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