Tango Gold Corporporation Announces Appointment of Chief Executive Officer

Tango Gold Mines Incorporated (TSX VENTURE:TGV) (the Company or TGV) is pleased
to announce that Andrew Neale will join the Company as Chief Executive Officer,
effective August 7th, 2013.


Mr. Andrew James Neale is a mining industry executive with over 25 years of
experience in international mine operations management, engineering &
environmental management, community & government relations; and executive &
board level experience with both large and small companies.


For the past three years Andrew has been engaged by a private management group
to modernize and expand the HEMCO gold mining operation in Bonanza, Nicaragua.
After leading the completion of a major hydroelectric expansion project, a
modernization of the underground mining operation, an expansion of the milling
facilities, and increasing annual gold production by 50%, Andrew assisted the
owners with completing a sale of the project to a South American entity that has
now taken over management of the mine. 


Previously, Andrew served for 12 years with Freeport-McMoRan Copper and Gold
Inc., with the last five years as Vice President, Technical Services. Mr. Neale
had wide ranging responsibilities with Freeport, including operations
management, plant design, engineering & construction, governmental affairs &
permitting, and environmental management. Before this, he held various positions
with the Falconbridge and Noranda organisations in Canada, including six years
with Brenda Process Technology (now a division of Metso Minerals). Andrew has
served as a director of Universal Gold Mining Corp., Canadian Ore Processors
Corp., Canada Gold Corporation, and Metals Finance Limited. Mr. Neale has a
B.Sc. and an M.Sc. in Mineral Processing Engineering from the University of
Alberta.


Mr. Neale has been granted an incentive stock option to purchase up to 1,000,000
common shares in the capital stock of the Company at an exercise of $0.13 per
share, exercisable for a term of five years from the date of grant, which option
shall vest as to 50% upon granting and the balance of 50% twelve months from the
date of grant.


In welcoming the appointment, Tango Gold Mines Inc.'s Executive Chairman Antonio
Ponte stated, "We believe we have found in Andrew Neale, a Chief Executive
Officer who brings a wealth of combined mining sector experience, analytical and
financial skills, and strategic abilities while complementing the strong
technical and administrative team Tango Gold Mines Inc has put in place for the
development of the Nicaragua Projects."


Andrew Neale stated, "I am pleased to be joining a company with a clear focus on
project development that will lead to a production decision that will be
mutually beneficial to the company shareholders and the people of Nicaragua. I
believe that my skill sets and experience will further strengthen the exception
capabilities of the existing board and management team."


About Tango Gold Mines Incorporated 

Tango Gold is a Canadian company engaged in the exploration and development of
precious metal properties in Nicaragua. Tango Gold is focused on advancing the
past-producing 9,300 hectare Topacio Property. Topacio is located in a similar
geological setting as B2Gold's La Libertad Mine, which is located to the west of
Topacio. Topacio has a National Instrument 43-101 Inferred mineral resource
estimate of 2,716,176 tonnes (t) grading 3.90 g/t Au containing 340,345 ounces
of Au (at 1.5 g/t Au cut-off). Tango Gold trades on the TSX Venture Exchange
under the symbol TGV.


On Behalf of the Board of Directors

Antonio Ponte, Executive Chairman 

Tango Gold Mines Incorporated

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


This news release may contain forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Forward-looking statements address future events and conditions and
therefore, involve inherent risks and uncertainties. Readers are cautioned that
these forward looking statements are neither promises nor guarantees, and are
subject to risks and uncertainties that may cause future results to differ
materially from those expected. The presence of gold deposits mentioned nearby
the Company's property is not indicative of the gold mineralization on the
Company's property. All of the forward-looking statements made in this news
release are qualified by these cautionary statements and those in our continuous
disclosure filings available on SEDAR at www.sedar.com. These forward-looking
statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances save
as required under applicable securities legislation. This news release does not
constitute an offer to sell securities and the Company is not soliciting an
offer to buy securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The technical disclosure in this news
release have been approved by Terry L. Tucker, P.Geo., Technical Director of the
Company and a Qualified Person as defined by National Instrument 43-101 of the
Canadian Securities Administrators. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tango Gold Mines Incorporated
ponte@tangogoldmines.com
Tango Mining (TSXV:TGV)
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