Batero Gold Appoints Dr. Darryl Lindsay as Chief Operating Officer

Batero Gold Corp. (TSX-V: BAT) is pleased to announce the appointment of Dr. Darryl Lindsay as Chief Operating Officer effective October 18, 2011. Dr. Lindsay brings 20 years as an exploration geologist and project manager for major porphyry mineral development programs in South America from inception through to feasibility. Most recently, as part of his project management work, Dr. Lindsay designed, administered and directed social and environmental programs to secure operational permits for Corriente Resources which was sold in 2010 to CRCC and Tongling Nonferrous Metals Group (CRCC Tongguan) for $678M,. Previously, he worked in a variety of consulting roles for SRK Consulting, CODELCO, and the Geological Survey of Canada (GSC).

Dr. Lindsay continued his career after working at the Geological Survey of Canada and obtaining a Ph.D. in Earth Sciences for his work defining the structural controls of mineralization within a porphyry style mineralized system in northern Chile. Since then, he has concentrated on structural modeling of porphyry deposits, identifying structural controls for exploration target generation, and drill targeting for a variety of mineralization styles, including porphyry and epithermal copper and gold deposits in Ecuador, Chile, Argentina and Bolivia. Most recently for CRCC Tongguan, he has directed all facets of exploration and development of the Ecuadorian asset package including the flagship Mirador Project, where his development work established a significant increase in resources to support an initial 60ktpd operation with a planned expansion to 120ktpd. His work contributed to the sale of Corriente to CRCC Tongguan, a major international Chinese resource corporation, the technical, social-environmental work permitting, and the initiation of exploitation contract negotiations with the government of Ecuador. These achievements were made despite the extremely challenging social, political and environmental conditions that have prevailed in Ecuador since 2008.

Options to purchase 225,500 shares at a price of $1.85 for a term of 5 years have been granted to Dr. Lindsay.

"Dr. Lindsay's success in the conception, management and completion of major mineral development projects in South America identifies him as the ideal leader entering into the next phase at the Batero-Quinchia project," said Mr. Rook. "His demonstrated ability to direct major resource development programs, in all their geological, social and environmental dimensions, enhances the confidence of all of us engaged in the efforts to identify a world-class gold and copper deposit at the Batero-Quinchia project."

ON BEHALF OF THE BOARD OF

BATERO GOLD CORP.

Brandon Rook