Tango Gold Mines Incorporated Closes Shares for Debt Settlement

Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the "Company") announces that
pursuant to its news release dated 4 April 2013, the Company has now issued an
aggregate of 3,208,453 common shares at a deemed price of $0.13 per share to
settle outstanding debt totalling $417,099. The debt settlement shares are
subject to a four-month hold period expiring on 27 November 2013. 


About Tango Gold Mines Incorporated 

Tango Gold is a Canadian company engaged in the exploration and development of
precious metal properties in Nicaragua. Tango Gold is focused on advancing the
past-producing 9,300 hectare Topacio Property. Topacio has a National Instrument
43-101 Inferred mineral resource estimate of 2,716,176 tonnes (t) grading 3.90
g/t Au containing 340,345 ounces of Au (at 1.5 g/t Au cut-off). Tango Gold
trades on the TSX Venture Exchange under the symbol TGV.


On Behalf of the Board of Directors

Antonio Ponte, Chairman and Chief Executive Officer 

Tango Gold Mines Incorporated

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 news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tango Gold Mines Incorporated
[e-mail]