Update on Pelangio properties in Ontario

    TORONTO, March 29 - Pelangio Mines Inc. (PLG: TSX) ("Pelangio" or the "Company") announces 2007 exploration plans for its 100% owned Seeley Lake and Black Township properties located in Ontario. Pelangio has also entered into a letter of intent for the sale of its 100% interest in the Matheson West and East property to Matamec Explorations Inc. ("Matamec"). The transaction is subject to acceptance of the TSX Venture Exchange.

    Seeley Lake

    The Seeley lake property is located approximately 14 kilometres northeast of Marathon, near the Hemlo gold camp. In 1997, Pelangio completed an induced polarization (IP) survey and four diamond drill holes totaling 623 metres targeting a few anomalies. The best hole returned 4.7 g/t gold over 1 metre within a 30 metre anomalous zone. Copper and zinc anomalies were also encountered in several drill holes. Pelangio is planning a 1,500 metre drilling program to further evaluate this gold mineralized zone and to test several IP anomalies. The budget for this program is estimated at $310,000.

    Black Township

    The Black Township property is located between the towns of Timmins and Kirkland Lake, approximately 10 kilometres south of Ramore. Pelangio has not done any exploration on the property since its acquisition. Information from previous reports dating from the 1980s indicates the presence of a north-trending shear zone over a projected strike length of approximately 300 metres. Some of the better gold values included 0.23 oz/t over 1.5 metres from a channel sample and 0.36 oz/t from a grab sample. Another parallel zone located 200 metres to the north returned gold values ranging from 0.03 to 0.10 oz/t. Some near-surface drilling is reported from the adjacent claim to
the east but results are not available.
    The Company has expanded the property by staking an additional two claims (480 acres). In 2007, Pelangio is planning geophysical surveys and prospecting in the target areas described above. Pending the results of this first phase, a 1,500 metre drilling program would follow. The budget for this program is estimated at $230,000.

    Matheson West and East

    Pelangio has agreed to sell its 100% Matheson East and West properties to Matamec. In consideration, Matamec will issue 100,000 common shares to Pelangio and spend $250,000 in exploration over the next five years. Pelangio will retain a 1% net smelter return ("NSR"), which can be purchased by Matamec for $1,000,000 and 100,000 shares.
    The property comprises two non-contiguous parcels of land located approximately 22 road kilometres northeast of Timmins. The property is subject to a 2% NSR to Asarco Exploration Company of Canada Ltd. and 1/2% NSR to McArthur Minerals.
    Kevin Filo, P.Geo., is the Qualified Person for the purpose of this news release.

   
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.

   
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 our Ghana property and our interest in Detour Gold and are subject to such forward-looking 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, change in equity markets, political developments in Ghana, 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 statement 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
statement and information herein are qualified by this cautionary statement.




For further information: 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



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