Edgewater Announces Positive Progress on Corcoesto Gold Project Permitting

: Mr. George Salamis, President and CEO of Edgewater Exploration Ltd.
("Edgewater" or the "Company") (TSX VENTURE:EDW)(OTCQX:EDWZF) announces positive
progress and clarity on the permitting process for the Company's Corcoesto Gold
Project ("the Project") in Galicia, Spain.


Based on on-going discussions with the Government of Galicia the Company
understands the following:




1.  Edgewater's approved Environmental Impact Statement ("EIS") for the
    Corcoesto Gold Project remains in good standing for 5 years 
2.  Edgewater can re-apply for final Corcoesto mining permits at any time
    once the financial and technical requirements are met. 



Edgewater's Approved Environmental Impact Statement for the Corcoesto Gold
Project is in good standing for 5 years. The good standing of the EIS approval
has been verified by the Ministry of Environment and the Project's Mining
Concession Licenses are in good standing until August 2064. Mr. Aurelio Nunez,
Member of Partido Popular of Galicia in Parliament recently stated; "The
(Corcoesto) project already has an approved positive environmental impact
declaration."


Mr. Francisco Conde, The Minister of Economy and Industry for the Galician
Government (La Xunta) was recently quoted in a radio interview and published on
www.europapress.es, affirming the Government's "....support of the projects
linked to the natural resources of Galicia." Regarding Edgewater's Corcoesto
Project the Minister stated: "the Government will always support responsible
mining which respects the environment and gives warranties to citizens." The
Minister further stated: "Mineira de Corcoesto, the subsidiary of the Canadian
company Edgewater, has time to submit a new project."


Edgewater has received written notice from the government of Galicia, an
autonomous region within Spain that governs all permitting of mining projects
within the region. The written notice states that Edgewater does not currently
comply with the financial and technical requirements necessary to receive a
mining permit at this time, however the government is awaiting a new permit
application from Edgewater. It is Edgewater's understanding that once the
financial and technical requirements are met, the Company can reapply the
project for final mining permits to construct an open pit gold mine. The
Corcoesto Gold Project's Environmental Impact Statement ("EIS"), a major
milestone and part of the criteria required to receive final mining permits was
approved in December 2012 and publically announced by the Galician Government
January 2013.


George Salamis, President and CEO stated: "We continue to work with the Galicia
Government in a constructive way to unlock the potential at Corcoesto for the
benefit of the region and all stakeholders. As indicated by the Minister of
Economy and Industry the Company can re-submit the application for a mining
permit to develop the Corcoesto Gold Project as there is no set timeline. The
Corcoesto Gold Project has the potential to employ over 250 people directly and
many more indirectly in a region of Spain that is suffering high levels of
unemployment and economic uncertainty. Edgewater is committed to the region and
working openly and honestly in an effort to bring economic diversity while
utilizing today's highest environmental standards with modern mining
technology."


Mr. Salamis continued: "In light of the current ongoing discussions with the
Government of Galicia Edgewater has implemented a program of cost cutting and is
rationalizing all Project expenditures including all aspects of the ongoing
Corcoesto feasibility study. Given the revised Government stipulated financial
and technical/operational requirements to receive final mining permits for the
Corcoesto Project Edgewater's management and Board of Directors are reviewing
various alternatives to continue advancing the Project. With a +1.0 million
ounce, open pit constrained gold resource that is open for expansion the Company
believes there is an excellent opportunity to expand and optimize the Corcoesto
Gold Project and create significant value for our shareholders."


In August, 2013 Edgewater announced an updated Measured and Indicated gold
resource for the Corcoesto Gold Project. The Corcoesto Gold Project has an open
pit constrained, NI 43-101 Measured and Indicated Resource at a 0.50 g/t gold
cut-off of 24.2 million tonnes grading 1.32g/t Au containing 1,027,000 ozs gold
(14.9 million tonnes grading 1.34g/t Au containing 644,000 oz gold Measured and
9.3 million tonnes grading 1.28g/t Au containing 383,000 ozs gold Indicated) and
an additional Inferred Resource of 5.3 million tonnes grading 1.21 g/t Au
containing 207,000 ozs gold (see Edgewater News Release dated August 6, 2013).
Using a 0.8g/t Au cut-off the pit constrained Measured and Indicated Resource is
16.2 million tonnes grading 1.65 g/t gold, containing 863,000 ounces of gold
(10.2 million tonnes grading 1.67g/t Au containing 546,000 ozs gold Measured and
6.1 million tonnes grading 1.63g/t Au containing 317,000 oz gold) and the
Inferred Resource is 3.7 million tonnes grading 1.44 g/t Au containing 173,000
ozs gold. 


Mr. Gregory Smith, P.Geo., Vice-President of Exploration of the Company, is the
Qualified Person as defined by NI 43-101, and is responsible for the accuracy of
the technical data and information contained in this news release.


About Edgewater Exploration Ltd.

Edgewater is a mineral development and exploration company focused on
advancement and development of precious metal properties. Edgewater has an
experienced mine building and operating team with a track record of success. The
Company is currently developing the Corcoesto Gold Project in northwest Spain,
and exploring the Enchi Gold Project in Ghana, West Africa.


On behalf of the Board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

"Neither the 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: 
Edgewater Exploration Ltd.
Ryan King
Vice President
[e-mail]
[phone]