Batero Gold Releases Final Drill Results From 55,755 Metre Drill Program

VANCOUVER, BRITISH COLUMBIA – January 13, 2012 - Batero Gold Corp. (TSX-V: BAT, BELDF.PK) is pleased to report the final drill results from its recently completed 55,755 metre 2011 diamond drill program on the company's 100-per-cent-owned Batero-Quinchia project in Risaralda, Colombia. A total of thirty-six holes (16,628.37 metres) are being released. These are the final drill results before releasing the initial NI 43-101 resource estimate later this month by Roscoe Postle Associates Inc.

· A well delineated area of gold and copper mineralization at or near surface, expanding the overall footprint of the La Cumbre porphyry over 600 metres in a northwest -southeast direction and over 400 metres in a northeast-southwest direction.

· Extending mineralization to a depth of 756 metres at La Cumbre porphyry that remains open at depth and in several directions.

· The Dos Quebradas gold-copper system extended to the south through the El Centro zone approximately 950 metres and remaining open to the north.

· Discovery of the La Lenguita porphyry and near surface high grade gold epithermal mineralization at the El Centro zone.

· Continuity of mineralization along an approximate 2 km strike length from the Dos Quebradas porphyry through the El Centro zone to the La Cumbre porphyry.

· Structurally controlled epithermal gold mineralization discovered along the Amarilla Structural Corridor located adjacent east of La Cumbre porphyry and also overprinting the porphyry systems at La Cumbre and El Centro.

Batero’s aggressive 2011 diamond drill program rapidly advanced the Batero-Quinchia project and established a regionally extensive series of gold-copper mineralized zones that appear to be part of a larger gold-copper mineralized system. The extent of this system has yet to be established and will be a focus of future exploration. The Company is looking forward to the first resource estimate for the Batero-Quinchia project expected later this month and is preparing for its next phase of development.

The Company continues to evaluate all data received from the 2011 exploration diamond drill program to finalize a follow-up development drill program to both expand the initial resource base expected to be determined shortly and upgrade such expected defined mineral resources to higher categories of resources and to mineral reserves.

· Define the size and extents of the near surface, high grade epithermal gold mineralization in and adjacent to the Amarilla Structural Corridor, which is contiguous to and overprints the eastern boundary of La Cumbre porphyry.

· Determine the presence and extent of a gold-rich oxidation horizon overlying a potential epithermal centre in the eastern part of El Centro which is supported by gold-in-soils anomalies and 2011 scout drilling.

· Define La Cumbre porphyry near and at surface higher grade oxide zone footprint - remains open.

· Development drill program at La Cumbre porphyry, and the El Centro and Dos Quebradas gold-copper porphyry systems.

· Prospecting crews will cover the remaining concession block area to define targets for 2012-3 scout drilling; over 50% of the block remains unexplored.

The Company´s exploration strategy coupled with its strong social and environmental programs, which contributed significantly to the successful completion of the 2011 program, are expected to further the overall project size and deposit potential in 2012.

Today’s results are from delineation and in-fill drilling from La Cumbre porphyry, through the El Centro zone and north to the Dos Quebradas porphyry.

Five drill holes (SB-001, SB-007, SB-008, SB-009 and SB-020) located in the Dos Quebradas porphyry system encapsulate an area 380 metres in length by 550 metres wide all intersecting significant gold and copper mineralization including higher grade mineralization at drill hole SB-007 (10.00 metres @ 1.40 g/t gold and 0.08% copper; including 28.00 metres grading 1.16 g/t gold and 0.15% copper).

Drilling south from Dos Quebradas to the El Centro zone five drill holes (SB-013, SB-016, SB-019, MZ-006 and CD-003) all intercepted significant mineralization lending more evidence that the mineralization is continuous between the Dos Quebradas porphyry in the north and La Cumbre porphyry in the south. This exploration drilling included results from drill hole SB-019 that intersected long intervals of porphyry style mineralization and MZ-006, intersecting higher grade epithermal mineralization from 22.00 metres below surface, 31.00 metres grading 1.14 g/t gold. This drill hole was collared off the same platform as drill hole MZ-005 where epithermal mineralization was discovered at depth intersecting 1.26 g/t gold over a two metre interval (N.R. December 15, 2011). The epithermal footprint continues to expand with mineralization intersected at or near surface at El Centro and discovered near surface and at depth at La Cumbre (N.R July 27, 2011). The Company will continue to define the size and extent of the high grade gold epithermal mineralization in and adjacent to the Amarilla Structural Corridor during the 2012 drill program.

Drilling at La Cumbre continued with successful results with eleven drill holes intercepting significant gold and copper mineralization. Three drill holes (LC-020, LC-027and LC-034) located in the central core of higher grade gold mineralization intersected mineralization from, at or near surface with higher grade intervals reported in each hole. This core area of the porphyry has produced some of the most significant results to date at the project including LC-023 (352.09 metres@ 0.75 g/t gold and 0.13% copper; N.R October 31, 2011), QAP-DDH-009 (460 metres @ 0.70 g/t gold and 0.12% copper; N.R. March 7, 2011) and drill hole LC-008 (344.11 metres @ 0.81 g/t gold and 0.16% copper; including 146.40 metres @ 1.20 g/t gold and 0.17% copper; N.R December 7, 2011).

Delineation drilling tested the north and south boundary (drill holes LC-019, LC-022, LC-033 and QAP-DDH-047 were collared in the south and LC-031 was collared in the north) of the La Cumbre porphyry intersecting porphyry style mineralization contributing significantly to defining the vertical extent and surface footprint of the system. Drilling also tested the eastern boundary of the porphyry at exploration drill hole NE-001, which also intercepted similar porphyry style gold and copper mineralization. This step out hole was drilled to the north-northwest of La Cumbre to test gold-in-soil anomalies and an area of old underground workings associated with the Amarilla Structural Corridor. Two other drill holes (LC026 and LC029) tested the eastern bounds of La Cumbre both intersecting porphyry style gold and copper mineralization, located 150 metres apart north-south and within 150 metres of the Amarilla Structural Corridor’s historic workings in epithermal gold mineralization.

Batero Gold will be exhibiting at the Vancouver Resource Investment Conference 2012 - January 22,23, 2012. Please visit us at booth 2030

Batero Gold will also be hosting a presentation on Monday January 23, 2012 at 3:00 PM at the Fairmont Pacific Rim in Vancouver. To attend the presentation, please call 604-568-6378 or email cwalton@baterogold.com

A new website (www.explorebatero.com) has recently been uploaded describing the Company’s Corporate Social Responsibility (CSR) initiatives. This also includes six short documentary movies that explore Batero's sustainability commitments. To view the videos with non-compatible QuickTime devices follow this link (http://www.baterogold.com/corporate/social-and-environmental-videos).

SB001 and SB007 were drilled from the same platform in the Dos Quebradas medium grained diorite. The two holes were drilled within potassic alteration and the gold-in-soil anomaly (>0.3 g/t Au). Both holes intersected significant gold mineralization with copper.

SB008 and SB009 were drilled from a common platform, in basalt, within an area of potassic alteration and a gold-in-soil anomaly (SB008). SB008 was drilled northerly into the Dos Quebradas porphyry. It cut four zones of gold mineralization including 0.43 g/t over 220 metres. SB009 was drilled easterly to test the limits of the mineralization. It cut two narrower zones of mineralization.

SB013, 200 metre step out south of SB008, was drilled westerly in potassic altered basalt to test the limits of the mineralization. It intersected a modest interval of mineralization.

SB016 was drilled easterly in the junction of the El Centro and Dos Quebradas zones. It was drilled within potassic alteration and the gold-in-soil anomaly. It intersected three mineralized zones. A NW-trending fault has been interpreted in the area and may be a control on some or all of the zones.

SB019 was drilled from the same platform as holes CD002 and CD003 in the El Centro zone. SB019 was drilled towards the west, CD002 was drilled vertically and CD003 was drilled towards the southwest. The three holes were collared in near to a WNW-trending fault at the contact of basalt and fine to medium grained diorite. The holes were collared within potassic alteration and the gold-in-soil anomaly. All three holes intersected several zones of mineralization (Table1).

SB020 drilled easterly in basalt near the northern claim boundary intersected 312m grading 0.48 g/t Au and 0.07% Cu including 132m grading 0.70 g/t Au (Table 1). This intersection is the northernmost intersection on the property.

MZ002, a vertical hole, was collared mid way between the El Centro zone and the northwest end of the Amarilla Structural Corridor, near the contact of medium grained diorite and basaltic volcanics. The hole was drilled along the west flank of the El Centro – Dos Quebradas mineralized trend and intersected 114 meters of mineralization starting at surface (Table 1).

MZ006 was collared approximately 60 meters southeast of MZ002 near the Amarilla Structural Corridor. It was drilled due east into the El Centro zone. It intersected six mineralized zones with a best intersection of 31 meters grading 1.14 g/t gold (Table 1). It appears likely the mineralized zones are related to N-trending structures between the El Centro and Dos Quebradas zone and/or structures associated with the NW-trending Amarilla Structural Corridor.

MZ007, MZ008 and MZ009 were collared over a distance of approximately 300 meters along the west side of the El Centro-Dos Quebradas mineralized trend. The three holes were collared well outside of the potassic alteration that maps the mineralized zone. The three holes were drilled due east to test the western flank of the mineralized trend. There were no significant intersections in any of the holes.

MT002, a vertical hole drilled at the southeast end of the Amarilla Structural Corridor in the Matecana area, intersected mineralization that may be associated with the Amarilla Structural Corridor.

NE001 was drilled to the southeast across the Amarilla Structural Corridor and an area of historic artisanal mine workings (La Cumbre mine; May 10, 2011 NR). It intersected two relatively narrow zones of moderate to high grade (Table 1).

NE003 and NE004 were collared approximately 100 meters southeast of NE001. The holes were drilled easterly from the same platform to test the eastern margin of the Amarilla Structural Corridor. There were no significant intersections in either hole.

LC019was collared in the la Cumbre porphyry and drilled towards the southeast. It intersected two mineralized zones one with high grade gold and copper (Table 1).

LC020, drilled as a vertical hole within the La Cumbre porphyry, intersected two zone of mineralization with high grade gold and copper values (Table 1).

LC022, drilled as a vertical hole approximately 200 meters southeast of LC020, cut a wide zone of gold and copper mineralization as a well as a subsidiary mineralized zone (Table 1).

LC025 was drilled as a vertical hole on the southwest margin of the La Cumbre porphyry outside of the potassic alteration and the gold-in-soil anomaly. There were no significant intersections.

LC026 drilled as a vertical hole on the northeast margin of the La Cumbre porphyry, and adjacent to the Amarilla Structural Corridor, intersected two zones of modest grade gold mineralization (Table 1).

LC027, drilled vertically in the La Cumbre porphyry, approximately 60 meters north of LC020, intersected comparable gold grades but a wider intersection (Table1).

LC029, drilled vertically in the La Cumbre porphyry, approximately 65 meters west of LC020 intersected two zones of mineralization (Table 1).

LC030 was drilled as a vertical hole near the southeast margin of the La Cumbre porphyry in a structurally complex area. There were no significant intersections.

LC031 was collared near the northern end of the La Cumbre porphyry. The hole was drilled towards the northeast through an area with potassic alteration and overlain by the gold-in-soil anomaly. It intersected three zones of mineralization with strong gold mineralization (Table 1).

LC033 and LC034 were collared approximately 140 and 225 meters respectively south of LC031. Both holes were drilled towards the northeast into the La Cumbre porphyry. Both holes intersected strong gold and copper mineralization. LC034 is particularly noteworthy with three wide zones of mineralization (Table 1).

QAPDDH024 was collared on the east side of the Amarilla Structural Corridor and drilled toward the northeast to test a poorly exposed area without potassic alteration or gold-in-soil anomalies. There were no significant intersections.

QAPDDH028 was drilled in the Matecana area, approximately 70 meters south of hole MT002. It was drilled towards the northwest to test an area without potassic alteration or gold-in-soil anomalies. There were no significant intersections.

QAPDDH039 was collared on the west side of the El Centro zone approximately 300 meters west of hole SB019 (Figure 1). The hole was drilled towards the northwest. There were no significant intersections.

QAPDDH045 was collared to the northwest of the La Cumbre porphyry and drilled westerly. There were no significant intersections.

QAPDDH046 was collared to the northwest of the La Cumbre porphyry and drilled westerly. There were no significant intersections.

QAPDDH047 was collared on the southwest side of the La Cumbre porphyry, approximately 100 meters south of hole LC034. The hole was drilled towards the northwest and intersected significant gold mineralization (Table 1).

Core is collected and initially logged at Batero Gold’s drilling camp at the project area. The core is then shipped securely in core boxes to Batero’s core processing facility in Pereira, Colombia, where it is logged in detail, cut and sampled. All QC samples are introduced before shipment to ALS Chemex’s sample preparation facilities in Bogota, or Medellin, Colombia. Prepared samples are then shipped to ALS’s analytical facilities in Lima, Peru or La Serena, Chile for analyses. Gold is fire-assayed using a 50.0 gram aliquot sample and Atomic Absorption finish (AA). Multi-element analysis is achieved by Four Acid Digestion and an Induced Coupled Plasma (ICP) finish.

The Company's QA/QC program includes the regular insertion of blanks, multiple certified assay standards and duplicate samples into the sample shipments. These QC samples are inserted in every assay batch, which is composed of 25 samples. Regular monitoring of these QC samples is a critical part of Batero Gold Corps QA/QC protocols.

Kieran Downes, Ph.D., P.Geo., a qualified person as defined by National Instrument 43-101, is responsible for the technical information provided in this release.

Batero Gold Corp. (TSX-V:BAT) is a Vancouver-based precious and base metals exploration and development company focused in Colombia’s emerging and prolific Mid-Cauca porphyry gold and copper belt. Batero is located within the Quinchia district and has 100% ownership in the Batero-Quinchia Project, comprising a 1407 hectare tenement. The Batero-Quinchia Project includes three known gold-copper porphyry centres. The Quinchia district and Batero’s project is considered socially stable and mining friendly and is supported with a comprehensive infrastructure network. Batero has assembled a strong management and technical team in Colombia that has contributed to numerous significant discoveries throughout Colombia. Batero plans to leverage its strategic share structure with strong local and regional relationships, and long-term financial partners, to develop its prospective project into what the Company believes will be Colombia’s next major mining venture.

FORWARD LOOKING STATEMENTS: Certain of the statements and information in this press release constitute “forward-looking statements” or “forward-looking information” Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “believes”, “plans”, “estimates”, “intends”, “targets”, “goals”, “forecasts”, “objectives”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements or information. Forward-looking statements or information relate to, among other things: the timing and scope of expected diamond drilling; the timing of the delivery of a resource estimate on the Batero-Quinchia project; potential existence and size of mineralization within the Batero-Quinchia project; timing of receipt of permits and regulatory approvals; the sufficiency of the Company’s capital to finance the Company’s operations; geological interpretations and potential mineral recovery processes.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks relating to: fluctuations in the spot and forward price of gold or certain other commodities; changes in national and local government legislation, taxation, controls, regulations and political or economic developments in Canada, Colombia or other countries in which the Company may carry on business in the future; the uncertainties involved in interpreting geological data; business opportunities that may be presented to, or pursued by, the Company; operating or technical difficulties in connection with mining activities; the speculative nature of gold exploration and development, including the risks of obtaining necessary licenses and permits; diminishing quantities or grades of reserves; and contests over title to properties, particularly title to undeveloped properties. In addition, there are risks and hazards associated with the business of gold exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks).

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. Forward-looking statements or information are statements about the future and are inherently uncertain, and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements or information due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to in the Company’s Filing Statement dated as of June 22, 2010 under the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.

Neither 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 release.

Hole	Target Area	From (m)	To (m)	Interval (m)*	Au (g/t)	Cu (%)
SB-001	Dos Quebradas	99.95	380.47	280.52	0.61	0.12
including		126.00	197.40	71.40	0.90	0.14
including		295.70	318.10	22.40	0.71	0.13
SB-007	Dos Quebradas	0.00	137.00	137.00	0.64	0.09
including		30.00	40.00	10.00	1.40	0.08
including		107.00	135.00	28.00	1.16	0.15
SB-008	Dos Quebradas	32.00	252.00	220.00	0.43	0.08
and		270.00	408.00	138.00	0.24	0.04
and		508.00	522.00	14.00	0.27	0.08
and		548.00	581.25	33.25	0.33	0.05
SB-009	Dos Quebradas	0.00	53.00	53.00	0.33	0.07
and		211.00	247.00	36.00	0.38	0.06
SB-013	Dos Quebradas -El Centro	94.00	116.00	22.00	0.54	0.06
SB-016	Dos Quebradas-El Centro	51.00	178.00	127.00	0.34	0.10
and		300.00	352.00	52.00	0.20	0.08
and		420.00	448.00	28.00	0.19	0.05
SB-019	Dos Quebradas -El Centro	4.00	67.00	63.00	0.24	0.08
and		91.00	315.00	224.00	0.46	0.13
and		369.00	417.00	48.00	0.22	0.13
and		489.00	501.39	12.39	0.31	0.10
SB-020	Dos Quebradas	54.00	366.00	312.00	0.48	0.07
including		100.00	232.00	132.00	0.70	0.09
MZ-002	El Centro	0.00	114.00	114.00	0.37	0.05
MZ-006	El Centro	22.00	53.00	31.00	1.14	0.05
and		105.00	177.00	72.00	0.74	0.07
and		223.00	253.00	30.00	0.25	0.06
and		299.00	321.00	22.00	0.23	0.09
and		329.00	377.00	48.00	0.23	0.09
and		427.00	455.00	28.00	0.31	0.13
MZ-007	El Centro	No significant intersections
MZ-008	El Centro	No significant intersections
MZ-009	El Centro	No significant intersections
CD-002	El Centro	2.00	53.00	51.00	0.29	0.09
and		113.00	265.00	152.00	0.40	0.11
and		387.00	433.00	46.00	0.29	0.09
CD-003	El Centro	2.00	116.00	114.00	0.24	0.08
and		164.00	198.00	34.00	0.31	0.09
and		232.00	268.00	36.00	0.29	0.11
QAP-DDH-039	El Centro	No significant intersections
LC-019	La Cumbre	10.00	137.00	127.00	0.52	0.13
and		291.00	341.00	50.00	0.29	0.09
LC-020	La Cumbre	0.00	185.00	185.00	0.55	0.11
including		0.00	67.00	67.00	0.96	0.15
LC-022	La Cumbre	0.00	341.00	341.00	0.50	0.11
and		397.00	414.70	17.70	0.33	0.07
LC-025	La Cumbre	No significant intersections
LC-026	La Cumbre	44.00	149.00	105.00	0.22	0.03
and		186.00	221.00	35.00	0.21	0.22
LC-027	La Cumbre	0.00	29.00	29.00	0.31	0.06
and		404.00	424.00	20.00	0.56	0.05
LC-029	La Cumbre	0.00	29.00	29.00	0.31	0.06
and		404.00	424.00	20.00	0.56	0.05
LC-030	La Cumbre	No significant intersections
LC-031	La Cumbre	10.00	36.00	26.00	0.56	0.03
and		50.00	258.00	208.00	0.69	0.09
and		445.00	451.00	8.00	0.23	0.03
LC-033	La Cumbre	94.00	116.00	22.00	0.54	0.06
LC-034	La Cumbre	3.00	258.00	255.00	0.40	0.12
and		288.00	486.00	198.00	0.63	0.13
and		500.00	558.00	58.00	0.51	0.09
NE-001	La Cumbre	119.00	134.00	15.00	0.41	0.03
and		224.00	230.00	6.00	0.67	0.06
NE-003	La Cumbre	No significant intersections
NE-004	La Cumbre	No significant intersections
QAP-DDH-024	La Cumbre	No significant intersections
QAP-DDH-045	La Cumbre	No significant intersections
QAP-DDH-046	La Cumbre	No significant intersections
QAP-DDH-047	La Cumbre	262.00	406.00	144.00	0.37	0.08
QAP-DDH-028	Matecana	No significant intersections
MT-002	Matecana	112.00	164.00	52.00	0.33	0.05


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