Tango Gold Mines Appoints Chief Financial Officer

NOT FOR DISSEMINATION IN THE UNITED STATES

Tango Gold Mines Incorporated ("Tango" or the "Company") (TSX VENTURE:TGV)
announces the appointment of Ms. Jennifer Boyle, B.A., LL.B., as Chief Financial
Officer of the Company, effective immediately. 


Ms. Boyle is a former securities lawyer based in Toronto, Ontario, where she
operates a private corporate finance advisory company that works with
early-stage junior resource companies to develop various growth strategies,
including financings, and the structuring and identifying mineral property joint
ventures. Ms. Boyle is also the Chief Executive Officer, Director, and
co-founder Satori Resources Inc., and is a member of the board of directors of
Carlisle Goldfields Inc., and of Nevada Exploration Inc.


Due to the restructuring of Tango, the Chief Financial Officer, Philipp D. Hoch,
has decided to pursue his focus on other projects in Europe, and accordingly,
has submitted his resignation as Chief Financial Officer. Mr. Hoch thanks the
Chairman and his colleagues for the support he has received, and wishes the
company further success.


The Company further announces that it is evaluating its current property
portfolio, and making assessments as to priority projects conducive to the
current markets, and accordingly, in the event that any adjustments are made,
the Company will provide timely updates in this regard.


Pursuant to its stock option plan, the Company has granted stock options to
certain directors, officers and consultants of the Company to purchase up to a
total of 4,350,000 common shares in the capital stock of the Company. The
options are exercisable at a price of $0.05 per share for a term of five years
from the date of granting. 


Statement Regarding Forward-Looking Information 

Certain information contained in this news release, including any information
relating to the proposed transaction and Tango's future financial or operating
performance may be deemed "forward-looking". These statements relate to future
events or future performance and reflect Tango's expectations regarding the
transaction, and the future growth, results of exploration, business prospects
and opportunities of Tango. These forward-looking statements are subject to a
variety of risks and uncertainties that are identified and disclosed. Although
Tango believes that the forward-looking information contained in this news
release are based on reasonable assumptions, readers cannot be assured that
actual results will be consistent with such statements. Accordingly, readers are
cautioned against placing undue reliance on forward-looking information. Tango
expressly disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, events or
otherwise, except in accordance with applicable securities laws.


The TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) has in no way passed upon
the merits of the proposed transaction and has neither approved nor disapproved
the contents of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tango Gold Mines Incorporated
Mr. Antonio Ponte
President and CEO
647 430 0966 xt 400
Antonio.ponte@tangogoldmines.com
www.tangogoldmines.com

Tango Mining (TSXV:TGV)
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