Batero Gold to Commence Drilling on Two New Oxide Targets at La Cumbre

Batero Gold Corp. ("Batero," or the "Company") (TSX VENTURE:BAT) is pleased to
provide an update on recent field exploration results, 2013 development
initiatives, and upcoming diamond drilling at the Company's Batero-Quinchia
Project (the "Project"), Colombia.


Based on successful H1 2013 field exploration, drilling will commence on two new
near surface gold oxide targets pending the selection of a drill contractor. A
total of seven new exploration targets have been defined from the exploration
program. Both of the high priority oxide target areas are within 200 metres of
the La Cumbre oxide deposit. 


The oxide zone at the La Cumbre deposit measures a total area approximately 750
metres by 400 metres with a total depth ranging from 20 metres to 80 metres. The
La Cumbre oxide deposit, the focus of the pending Preliminary Economic
Assessment, is expected to be the initial phase of a staged mine development.
The forthcoming study also includes an underlying approximately 1g/t gold
sulphide zone that trends to a total depth of approximately 250 metres.  


The two new high priority oxide drill targets defined from this year's
exploration program (Antenna and Cumbre Sur) measure a total area approximately
600 metres by 250 metres and 750 metres by 150 metres respectively. The Company
anticipates drilling depths ranging from 60 to 70 metres in this phase 1 drill
program. 


A minimum of 1,300 metres of shallow drilling have been budgeted at the two new
oxide target areas. An infill drill program has been budgeted to follow upon
initial success. Each target reflects strong supportive anomalies of either
geochemical soil sampling, adjacent rock sampling in creeks, and/or field
mapping. For locations of the Antenna and Cumbre Sur oxide targets, please view
Figure 1- Plan View of Oxide Targets and La Cumbre Near Surface Oxide Deposit:
http://media3.marketwire.com/docs/881139.jpg or visit
http://www.baterogold.com/en/maps/oxide-targets 


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. The Company anticipates drilling approximately 800 metres at this
target. 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. 


Highlight soil samples within the Antenna oxide target include:



--  Sample (SL0632) of 1.115g/t Gold hosted in near surface saprolite 
--  Sample (SL1514) of 1.810g/t Gold hosted in near surface saprolite 
--  Sample (SL1394) of 0.442g/t Gold hosted in near surface saprolite 



Highlight 2 metre rock chip samples within the Antenna oxide target include:



--  Rock Chip Sample (MQ1716) of 1.935 g/t Gold 
--  Rock Chip Sample (MQ1740) of 2.760 g/t Gold 
--  Rock Chip Sample (MQ1734) of 1.465 g/t Gold 
--  Rock Chip Sample (MQ1735) of 1.445 g/t Gold 



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. The Company anticipates drilling approximately 500 metres
at this target. 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.


Highlight soil samples within the Cumbre Sur oxide target include:



--  Soil Sample (SL2020) of 1.235g/t Gold 
--  Soil Sample (SL0845) of 0.845g/t Gold 
--  Soil Sample (SL0911) of 0.652g/t Gold 



Highlight rock chip samples from the edges of the Cumbre Sur target include:



--  Rock Chip Sample (MQ1203) of 1.555 g/t Gold 
--  Rock Chip Sample (MQ0072) of 0.756 g/t Gold 
--  Rock Chip Sample (MQ1538) of 0.996 g/t Gold 
--  Rock Chip Sample (MQ1636) of 0.924 g/t Gold 



"We are pleased to have outlined new targets of near surface oxide gold
mineralization in close proximity to the La Cumbre deposit. Initial work at both
the Cumbre Sur and Antenna targets suggest similar gold in soil anomalies that
were shown to be coincident with underlying gold mineralization in saprolite and
primary rock at La Cumbre. We believe these targets may have the potential to be
complimentary to the La Cumbre oxide deposit." stated Brandon Rook, President
and CEO of Batero Gold. "The Company is continuing to focus on a staged
development plan with the La Cumbre oxide deposit as a focus for the initial
phase in a larger development plan. Our significant treasury has reduced
financing risk and will provide the capital resources for exploration drilling,
advanced studies on the project, as well as the opportunity for production
focused acquisitions beyond the Quinchia district."


2013 Development Initiatives 

Batero has completed its goal of field exploration across the entire concession
block area. This reconnaissance and soil sampling program resulted in the
discovery of an additional 15 historical adits and the generation of seven new
exploration targets, two of which are the Antenna and Cumbre Sur oxide targets. 


The Company has analyzed over 1500 samples with a Terraspec(TM) mineral analyser
and will be processing this data to generate a series of mineral distribution
maps and 3D models to support its geo-metallurgical model, future metallurgical
test work, as well as determine vectors associated with epithermal style
mineralization adjacent to and within the Amarilla Structural corridor, a
significant structural zone associated with the emplacement of the La Cumbre-El
Centro-Dos Quebradas mineralization (See NI 43-101 Mineral Resource Estimate on
the Batero-Quinchia Deposit, February 24, 2012). 


In addition, Batero has commenced the selection of a consultant to define terms
of reference and scheduling for the feasibility-level metallurgy test work
program for the La Cumbre oxide deposit. The Company anticipates this work
program to commence shortly. 


Progress towards completion of the Preliminary Economic Assessment on the La
Cumbre Deposit is proceeding well and Roscoe Postle Associates (RPA), the
independent consultant providing the NI 43-101 Preliminary Economic Assessment
(PEA) report, has indicated that The Company will receive the first draft of the
PEA in mid-July. Pending receipt of the draft document, the Company will proceed
with an internal review process for anticipated release of the final Preliminary
Economic Assessment in Q3 2013. 


The Company anticipates commencing a scoping level study in the near future on
the Batero-Quinchia deposit as the second phase of the staged development of the
project. 


Please visit www.baterogold.com for all maps and images. 

Sample Preparation, Assays, and Quality Assurance/Quality Control 

Rock chip samples and grab samples are collected from surface outcrops and
cleaned tunnel exposures and logged into Batero Gold's sample database at the La
Cumbre camp. All QC samples are introduced before shipment in security tagged
sacks to ALS Chemex's sample preparation facilities in Medellin, Colombia.
Prepared samples are then shipped to ALS's analytical facilities in Lima, Peru
or La Serena, Chile for analyses. Gold is fire-assayed using a 50.0 gram aliquot
sample and Atomic Absorption finish (AA). Multi-element analysis is achieved by
Four Acid Digestion and an Induced Coupled Plasma (ICP) finish. 


The Company's QA/QC program includes the regular insertion of blanks, multiple
certified assay standards and duplicate samples into the sample shipments. These
QC samples are inserted in every assay batch. Regular monitoring of these QC
samples is a critical part of Batero Gold Corps QA/QC protocols. 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. 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