BAT Batero Gold Corp

Batero Gold Corp. ("Batero") (TSX VENTURE:BAT)(FRANKFURT:68B)(PINKSHEETS:BELDF)
announced today that its Board of Directors has approved in principle the
adoption of a Shareholder Rights Plan Agreement (the "Rights Plan"). The Rights
Plan is being adopted to ensure the fair treatment of all Batero shareholders in
connection with any possible future take-over bids for the outstanding common
shares of Batero. The Rights Plan will provide shareholders with adequate time
to properly evaluate and assess a take-over bid without facing undue pressure or
coercion. The Rights Plan is similar to the rights plans adopted by other
Canadian companies. 


The Rights Plan also provides the Board with additional time to consider any
take-over bid and, if applicable, to explore alternative transactions in order
to maximize shareholder value. The Rights Plan is not designed to prevent
take-over bids that treat Batero shareholders fairly. Pursuant to the terms of
the Rights Plan, any bid that meets certain criteria intended to protect the
interests of all shareholders are deemed to be "Permitted Bids". A Permitted Bid
must be made by way of a take-over bid circular prepared in compliance with
applicable securities laws and, in addition to certain other conditions, must
remain open for 60 days. In the event a take-over bid does not meet the
Permitted Bid requirements of the Rights Plan, the rights issued under the plan
will entitle shareholders, other than any shareholder or shareholders involved
in the take-over bid to purchase additional common shares of Batero at a
significant discount to the market price of the common shares at that time. In
addition, the Rights Plan includes a "Grandfathered Person" exemption whereby
any shareholder who holds greater than 20% of the issued and outstanding common
shares of Batero, as of the date of the Rights Plan, is deemed not to be making
a take-over bid, nor is a Grandfathered Person making a take-over bid if they
increase their pro rata interest by 1% or less of the then outstanding common
shares. However, a shareholder will cease to be a Grandfathered Person if that
shareholder increases its percentage interest by more than an additional 1% of
the then outstanding common shares.


The Rights Plan is not being adopted in response to any formal proposal to
acquire control of Batero. 


The Rights Plan is subject to approval by the TSX Venture Exchange and will be
presented for ratification by the shareholders at the Batero annual meeting to
be held no later than December 31, 2012. If ratified by the shareholders, the
Rights Plan will have a term of three years. The Rights Plan is also subject to
execution of definitive agreements with the Company's transfer agent.


ON BEHALF OF THE BOARD OF BATERO GOLD CORP.

Brandon Rook, President & CEO 

About Batero Gold: 

Batero Gold Corp. (TSX VENTURE: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; resource estimate, grades on the
Batero-Quinchia project; scope 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.

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