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Pelangio Closes Private Placement
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TORONTO, Ontario (April 17, 2007) -- Pelangio Mines Inc. (PLG: TSX)
("Pelangio" or the "Company") is pleased to announce that its
previously announced non-brokered private placement (the "Flow-Through
Private Placement") has closed, raising gross proceeds of $501,200
through the issuance and sale of 358,000 flow-through common shares of
the Company at a price of $1.40 per share. The funds raised under the
Flow-Through Private Placement will be used to advance exploration at
Pelangio's Hemlo Seeley Lake Project and Black Township Project.

Pelangio also closed its private placement (the "Private Placement") in
the amount of $173,250 through the issuance and sale of 175,000 common
shares of the Company at a price of $0.99 per share. The proceeds from
the sale will be used for working capital.

The Toronto Stock Exchange conditionally approved for listing the
common shares issued under the Flow-Through Private Placement and
Private Placement on April 10, 2007.

About Pelangio

Pelangio is a gold exploration company active in the top-ranked mining
jurisdictions in the world, Canada and Ghana. The Company's main focus
is to advance its exploration programs on its premier land position in
Ghana totaling 411 square kilometres, located on strike and adjacent to
AngloGold Ashanti's Obuasi gold mine.

Pelangio also has a 50% equity interest in Detour Gold Corporation
("Detour Gold"), which controls the Detour Lake advanced exploration
project. The near-term objective of Detour Gold is to advance the
Detour Lake project to development and production.

For additional information, please contact:

Ingrid Hibbard, President & CEO -- Pelangio Mines Inc.
Tel: 905-875-3828 / Fax: 905-875-3829 / Email: ihibbard@pelangio.com

Laurie Gaborit, Investor Relations -- Pelangio Mines Inc.
Tel: 416-350-2112 / Fax: 905-875-3829 / Email: lgaborit@pelangio.com

Forward Looking Statements
Certain statements herein may contain forward-looking statements and
forward-looking information within the meaning of applicable securities
laws. Forward-looking statements or information appear in a number of
places and can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate" or "believes" or variations of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements and information include statements regarding
our proposed plans in respect of the use of the funds raised under the
private placement. With respect to forward-looking statements and
information contained herein, we have made numerous assumptions,
including the closing of the private placements. Forward-looking
statements and information are by their nature based on assumptions and
involve known and unknown risks, uncertainties and other factors which
may cause our actual results, performance or achievements, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statement or information. Such risks include gold price
volatility, changes in equity markets, the uncertainties involved in
interpreting trenching and channel sampling results and other
geological data, increase in costs and exchange rate fluctuations and
other risks involved in the gold exploration and development industry.
See our annual information form, management information circular, and
our quarterly and annual management's discussion and analysis for
additional information on risks and uncertainties relating to the
forward-looking statements and information. There can be no assurance
that a forward-looking statement or information referenced herein will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements or information.
Also, many of the factors are beyond the control of Pelangio.
Accordingly, readers should not place undue reliance on forward-looking
statements or information. All forward-looking statements and
information herein are qualified by this cautionary statement.

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Copyright (c) 2007 PELANGIO MINES INC. (n/a) All rights reserved. For
more information visit our website at http://www.pelangio.com/ or send
mailto:info@pelangio.com
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