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) is pleased to announce that
it has obtained a receipt for its (final) short form prospectus filed in the
Provinces of British Columbia, Alberta and Ontario. 


The prospectus qualifies the distribution of 9,714,700 units (the "Units") of
the Company issuable upon the automatic exercise of 9,714,700 previously issued
special warrants (the "Special Warrants"). Each Unit consists of one common
share (each, a "Common Share") and one-half of one common share purchase warrant
(each whole warrant, a "Warrant") of the Company. Each Warrant entitles the
holder to acquire one Common Share at a price of $0.90 per share until April 26,
2014. As previously announced, 9,114,700 of the Special Warrants were issued as
part of a brokered private placement financing co-led by Raymond James Ltd. and
Cormark Securities Inc. and 600,000 of the Special Warrants were issued on a
non-brokered private placement basis on the same terms. The Special Warrants
will be deemed to be exercised on June 25, 2012. The financing closed April 26,
2012 for total gross proceeds to the Company of $6,314,555. 


The securities offered have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful. 


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 conversion of the Special Warrants and the issuance of the Common
Shares and Warrants. 


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 Amended and Restated Management's Discussion and
Analysis dated as of June 12, 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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