Batero 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. Batero continues to
aggressively reduce the burn rate of the company and past initiatives including
reduction of staff, reduction of office space and additional cost saving
programs continue to show success. The strategy during 2014 is to preserve
capital while evaluating acquisition opportunities focused on near term
production. 


Low cost efforts are ongoing to organize and compile data from all recent and
historical work on the Batero-Quinchia project to allow for the efficient use of
results to guide future work. The Batero-Quinchia database includes over 176
diamond drill holes totaling 65,405 metres and 3,640 soil samples covering
approximately 1,300 ha. Additional auger, test pit and rock chip samples from
throughout the project and historic mining tunnels are also being used in an
updated geological interpretation. 


Work at the Batero-Quinchia project during 2014 will focus on low cost studies
in order to preserve funds while advancing the evaluation of the project in a
cost effective manner. The company continues its commitments to community
relations and anticipates upcoming activation of the previously announced
"Improving Socio-Economic Development for Families in Quinchia, Risaralda"
community shared value program in alliance with the Government of Canada and the
International Organization for Migration (IOM). In addition, the Company will
continue to focus on the identification and acquisition of a precious metals
project that is at or close to production. 


Roger Moss, President and CEO stated, "Batero is currently in full cash
preservation mode, and preparing for an extended downturn. We are however
mindful of the opportunities such crises bring and continue to review potential
acquisitions where our strong treasury can be put to work for the benefit of our
shareholders." 


Batero Gold has granted to its directors, officers and consultants 1,750,000
stock options to purchase common shares at a price of $0.125 per share for 3
years. The stock option price was set at a 39% premium to the closing price on
May 29, 2014. The options will vest over a period of two years, with 25% vesting
every six months. 


ON BEHALF OF THE BOARD OF BATERO GOLD CORP. 

Roger Moss, President and CEO, Batero Gold Corporation

ABOUT BATERO GOLD 

Batero Gold Corp. is a precious and base metals exploration and development
Company 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 and Latin America.
In pursuing both these objectives, Batero plans to leverage its secure treasury
position ($14,061,765 as at February 28, 2014), strong regional relationships,
experienced management team, and long-term financial partners. Shares of the
Vancouver-based company trade on the TSX 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 may 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 estimates; grades on the Batero-Quinchia project; scope of
mineralization within the Batero-Quinchia project; receipt and/or timing of
required permits and regulatory approvals; the sufficiency of the Company's
capital to finance the Company's operations; and geological interpretations and
potential mineral recovery processes. 


Forward-looking statements andinformation 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. 


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
orinformation in the event that circumstances or management's assumptions,
beliefs, expectations or opinions should change, or there should occur or
develop 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.
Michael Mills
604.568.6378
[e-mail]
www.baterogold.com