BAT Batero Gold Corp

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Batero Gold Corp. ("the Company") (TSX VENTURE:BAT) wishes to announce that it
has priced its previously announced special warrant financing by a syndicate of
agents co-led by Raymond James Ltd. and Cormark Securities Inc. (collectively
the "Agents"), to be completed on a best efforts agency basis. 


The Company will issue up to 7,700,000 special warrants (the "Special
Warrants"), at a price of C$0.65 per Special Warrant (the "Issue Price") for
gross proceeds to the Company of up to C$5,005,000 (the "Offering"). The Company
has also granted the Agents an option, exercisable by giving notice to the
Company at any time for up to 30 days following the closing date, to sell
2,500,000 additional Special Warrants, at the Issue Price, to cover
over-allotments, if any.


Each Special Warrant will entitle the holder to acquire, upon exercise and for
no additional consideration, one unit (a "Unit"), consisting of one common share
("Common Share") in the capital of the Company and one-half of one common share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall entitle
the holder to acquire an additional Common Share at C$0.90 during the period
ending 24 months following the closing of the Offering.


The Company has agreed to use its reasonable best efforts to obtain, within 60
days after the closing of the Offering (the "Qualification Deadline"), a receipt
for a final short form prospectus qualifying the distribution of the Units upon
exercise of the Special Warrants (the "Prospectus Qualification"). If the
Prospectus Qualification does not occur before the Qualification Deadline, each
holder shall have the right to exercise the Special Warrants, without payment of
additional consideration, and receive 1.1 Units per Special Warrant. 


In consideration for their services, the Agents will receive a cash commission
equal to 6.0% of the gross proceeds of the Offering, and compensation options
entitling the Agents to purchase that number of common share purchase warrants
equal to 5.0% of the aggregate number of Special Warrants issued pursuant to the
Offering at the Issue Price.


All of the other terms of the Offering remain as described in the Company's news
release issued on April 11, 2012. The Offering is scheduled to close on or about
April 26, 2012 and is subject to certain conditions including, but not limited
to, the receipt of all necessary approvals, including the approval of the TSX
Venture Exchange, and other securities regulatory authorities as applicable.


ON BEHALF OF THE BOARD OF

BATERO GOLD CORP.

Brandon Rook, President & CEO

Batero Gold Corp.

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
anticipated timing of the Prospectus Qualification; the advancement of the
Batero-Quinchia project and work to be completed thereon; and the anticipated
timing of the closing of the Offering. 


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, the timing of
the receipt of regulatory approvals required to complete the Offering and those
referred to in the Company's Management's Discussion and Analysis dated as of
February 28, 2012 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.

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