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  Vancouver, July 26, 2018 - Batero Gold Corp. (TSXV: BAT) (FSE: 68B) (OTC Pink: BELDF) ("Batero," The "Company") is pleased to report the update of the La Cumbre - Oxide Zone, which is part of the Batero-Quinchía project (the "Project") 100% owned by the Company, located in the department of Risaralda, Colombia.
  The evaluation of the zone of oxide mineralization in sectors surrounding the deposit of La Cumbre continued with a phase of systematic geochemical exploration and mapping in the sectors of Mandeval, La Lengüita and Dos Quebradas. A total of 100 soil samples during the first semester of 2018 were collected.
  This exploratory phase indicated that an oxide zone with potential to concentrate gold and silver mineralization is developed in the sectors of Dos Quebradas and Mandeval, while the La Lengüita sector has no potential due to the presence of a structural zone that does not generate a significant volume of potential resources.
  The firm LINAMEC SAG PERU was contracted to update the gold and silver resource estimate of the La Cumbre Deposit - Oxide Zone and complete an NI 43-101 technical report. This report will be published when it is completed.
  At the same time, the services of GeoLogic and GeoEntech - Peru were contracted to analyze alternatives for a mining plan and define suitable areas for the location of the mining infrastructure. The characterization and definition of these areas involved 62 geotechnical tests and standard penetration tests were carried out, results of which are currently being evaluated.
  Additionally, METTS - Peru was contracted to perform metallurgical tests of cyanide leaching in columns, with material from the oxide and transition zones of the deposit. Oxide zone material for the tests was sourced from 3 trenches of more than 6m deep to extract a ROM sample of 1.5Tn. Transition zone material consisted of 500kg from 113 samples of coarse sample rejects.
  Results of assays reported by ALS Chemex — Peru, indicated an average head grade of 1.3g/t Au from the oxide zone and 1.14g/t Au from the transition zone sample. At this time, the samples are in the METTS laboratory for the metallurgical tests.
  Environmental monitoring has been carried out periodically and demonstrates that the water sources have not been contaminated by the exploration, as evidenced by the water quality analyses carried out by the certified laboratory Gestión y Medio Ambiente SAS, and validated by the local environmental authority CARDER. Due to the above, the concession of water for industrial and domestic use of the project was extended.
  During the last six months the social management programs of the company have focused on four specific lines of action that allow the promotion and maintenance of a strategic approach with the different stakeholders. These programs are carried out within an inclusive framework that entails improving the socio-economic conditions of the communities located within the jurisdiction of the project.
  These lines of action or community development programs are framed within the welfare programs promoted by the municipal administration of Quinchía, which are focused on education, institutional strengthening, health, culture and heritage development.
  In addition, to proceed with the pre-consultation and prior consultation process, the certification of the presence of indigenous communities was requested from the Ministry of the Interior. The request is still under evaluation.
  The study of archaeological potential and consequent exploration program and archaeological compensation plan will be started within the La Cumbre - Oxide Zone project, which is processed before the English Colombian Institute of Anthropology and History.
  Core is collected, logged (geological & geotechnical), cut and sampled at Batero's drilling camp in the project area. All quality control ("QC") samples are introduced before shipment to ALS Minerals' sample preparation facilities in Medellin, Colombia. The prepared samples are then shipped to ALS Minerals' analytical facilities in Lima, Peru for analyses. Gold is fire-assayed using a 50 gram aliquot sample and Atomic Absorption finish. Multi- element analysis is achieved by Four Acid Digestion and an Induced Coupled Plasma- Emission Spectroscopy 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, with each batch comprising 12% of such samples. Monitoring of these QC samples is a critical part of Batero's QA/QC protocols that involve the re-analysis of a minimum of 10 samples bounding any failed control sample. A third party check laboratory receives 5% of all samples to verify the original assays.
  Roger Moss, Ph.D., P.Geo., a consultant at Batero, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical information provided in this news release.