Edgewater Exploration Engages Micon International, Golder Associates and KD Engineering to Complete Feasibility Study at the ...

Edgewater Exploration Ltd. (TSX VENTURE:EDW)(OTCQX:EDWZF) ("Edgewater" or the
"Company") is pleased to announce the engagement of mining consultants Micon
International ("Micon"), KD Engineering ("KD") and a subsidiary of Golder
Associates ("Golder Espana") to prepare and deliver a definitive feasibility
study and feasibility-level engineering design for the Corcoesto Gold Project
("Corcoesto"). The feasibility study has been underway for several months and
the new lead engineering firm, Micon, will incorporate all data previously
generated for the study. Edgewater expects the study to be completed Q3, 2013.


Micon will author the feasibility study and KD will complete the
feasibility-level engineering of the processing facility and mine site
infrastructure as well as contribute to the feasibility study. Golder Espana
will complete the engineering design on the proposed tailings facility at
Corcoesto.


George Salamis, President and CEO, stated: "We have recently chosen to complete
the Corcoesto Gold Project feasibility study with Micon International, KD
Engineering and Golder Associates. Edgewater's management team have completed
several feasibility studies, built a number of gold projects as well as managed
gold production. We have combined over 80 years experience and we feel this is
the most appropriate technical and effective move for our shareholders. We have
an excellent project and I am confident we will complete our Final Feasibility
Study during Q3 this year."


Micon has provided consulting services to the international mining industry
since 1988, with particular focus upon mineral resource estimation,
metallurgical services, mine design and production scheduling, preparation of
pre-feasibility and feasibility studies, independent reviews of mining and
mineral properties, independent engineer services, economic analysis and
litigation support.


Micon will immediately commence resource estimation of the Corcoesto gold
deposit using resource information, geological data and interpreted wireframes
which have been generated by the Company over the past several months. It is
expected that the updated resource estimate will be delivered during Q2, 2013.
This resource estimate will incorporate approximately 50,000 meters of in-fill
drilling conducted on a drill spacing of 25m x 25m, completed during 2012.


Edgewater has terminated its engagement with Tetra Tech in its role as the lead
engineering firm on the Corcoesto Gold Project.


Corcoesto was the focus of a PEA conducted in late 2011. The results from the
PEA can be found on our website at www.edgewaterx.com.


About Edgewater Exploration Ltd.

Edgewater is a mineral development and exploration company focused on the
development of precious metal properties. Edgewater has an experienced mine
building and operating team with a track record of success. The Company is
currently developing the Corcoesto Gold Project in northwest Spain, and
exploring the Enchi Gold Project in Ghana, West Africa.


On behalf of the board of EDGEWATER EXPLORATION LTD.

George Salamis, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Edgewater Exploration Ltd.
Ryan King
Vice President
(604) 628-1012
rking@edgewaterx.com
www.edgewaterx.com

Edgewater Exploration Ltd. (TSXV:EDW)
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