VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2012) - Angel Gold Corp. (TSX VENTURE:ANG) ("Angel" or the "Company") is pleased to announce that it has engaged Contact Financial Corp. ("Contact") to assist the Company with the development and execution of a comprehensive strategic communications program.
Contact is a broad-based strategic marketing and communications firm with experience in creating exposure for small- to mid-cap companies. Contact's services will include providing advice to the Company with respect to corporate development, production and distribution of investor-focused communication tools, and increasing awareness of the Company within the financial community.
"I am excited by the opportunity to work with Contact. They bring experience and expertise in public and investor relations which will widen the exposure for Angel Gold in the financial community and enhance its image within the mining community," stated Stella Frias, President & CEO of Angel.
Contact has been retained for an initial term of three (3) months, with service to be provided on a month-to-month basis thereafter. Contact will be paid a monthly fee of CDN $6,000.00 (plus HST) and has been granted options to purchase up to 200,000 common shares of the Company, exercisable for five (5) years at a price of CDN $0.25 per share, with vesting restrictions in accordance with TSX Venture Exchange policies. The investor relations agreement is subject to TSX Venture Exchange approval.
About Angel Gold Corp.:
Angel is a Canada-based gold exploration company focused on responsible development of mineral resources in Colombia, host to some of the world's largest gold deposits. Angel has been working in Colombia for over three years and is advancing two main gold projects: the El Cafetal Gold Project and the Buritica West Gold Project. In addition, the Company continues its acquisition strategy in Colombia, having recently claimed over 6,800 hectares in four separate project areas.
On Behalf of the Board of Directors of Angel Gold Corp.
Blanca Stella Frias, Director, President and Chief Executive Officer
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.