BG

Barisan Gold Corporation (TSX VENTURE:BG) is pleased to announce that it has
entered into a Conditional Sales and Purchase Agreement ("CSPA") with a private
Indonesian company whereby the private Indonesian company has agreed to purchase
Barisan Gold's 75% equity interest in PT Takengon Mineral Resources. PT Takengon
Mineral Resources owns the Takengon Exploration Izin Usaha Pertambangan ("IUP"),
which includes the Collins epithermal gold prospect. PT Takengon Mineral
Resources is separate from the Company's two key investments, PT Gayo Mineral
Resources (which contains the Barisan porphyry prospects) and PT Linge Mineral
Resources (which contains the Abong epithermal gold deposit).


As per the terms of the CSPA, the private Indonesian company will pay Barisan
Gold a total of 7,250,000,000 Indonesian rupiah (equivalent to approximately
$770,000 Canadian dollars). 1,000,000,000 rupiah have been deposited in escrow
already in the Company's bank account. Another 5,250,000,000 rupiah will be paid
upon closing of the transaction and the final 1,000,000,000 rupiah will be
payable one year after closing and secured by a certain number of shares in PT
Takengon Mineral Resources transferred under the CSPA. Closing of the
transaction is subject to a number of regulatory approvals in Indonesia and is
expected to close towards the end of the second calendar quarter of 2013.


Pro-forma for this transaction, Barisan Gold would have had approximately
$6,000,000 Canadian dollars in cash at January 31, 2013. This represents $0.15
per share of cash in the bank, a 100% premium to the current share price of the
Company. With a very conservative cash burn rate, Barisan Gold is well
positioned to have sufficient funds on hand to conduct the next phase of
drilling at both the Abong epithermal gold deposit and the Barisan porphyry
prospects when forestry borrow-use permits are issued.


Alex Granger, Chief Executive Officer of Barisan Gold, commented: "This
transaction represents a great opportunity for Barisan Gold to realize value for
a non-material property. In addition to eliminating the ongoing costs of
maintaining the Takengon IUP, we are also solidifying our balance sheet ahead of
re-starting drilling at the Abong project and the Barisan porphyry prospects
once we receive the forestry borrow-use permits."


During the December 2012/January 2013 period, Barisan Gold drilled four
exploratory holes at the Collins prospect to test the continuity of the veins
identified at surface with grade and depth. Results of the drilling campaign
were disappointing as they did not return the projected grade and width of the
veins at depth.


Dibiansyah Hamid, MAIG, the designated QP within the meaning of NI 43-101, has
reviewed and approved the content of this release.


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About Barisan Gold Corporation

Barisan Gold (TSX VENTURE:BG) is a Canadian-based minerals exploration company
listed on the TSX Venture Exchange under the symbol "BG". The Company is engaged
in the exploration, acquisition and development of mineral properties in
Indonesia. Barisan Gold currently owns and operates three gold and gold-copper
properties in Indonesia's Aceh Province on the northern tip of Sumatra Island,
namely the Barisan gold-copper porphyry belt and the Abong epithermal gold
project. Barisan Gold currently has 40,706,186 shares outstanding.


Caution Regarding Forward Looking Statements

Certain statements in this News Release, which are not historical in nature,
constitute "forward looking statements" within the meaning of that phrase under
applicable Canadian securities law. These statements reflect management's
current assumptions and expectations regarding future work programs, results,
performance or events as of the date hereof and by their nature are subject to
certain underlying assumptions, known and unknown risks and uncertainties and
other factors which may cause actual results, performance or events to be
materially different from those expressed or implied by such forward looking
statements.


Those risks include the interpretation of drill results and the estimation of
mineral resources and reserves; the geology, grade and continuity of mineral
deposits; the possibility that future exploration, development or mining results
will not be consistent with our expectations; commodity and currency price
fluctuation; failure to obtain adequate financing; regulatory, permitting and
licensing risks; and general market and mining exploration risks.


Forward-looking statements should not be construed as investment advice. Readers
should perform a detailed, independent investigation and analysis of the Company
and are encouraged to seek independent professional advice before making any
investment decision. Accordingly, readers should not place undue reliance on any
forward looking statement. Except as required by applicable securities laws, the
Company disclaims any obligation to update or revise any forward looking
statements to reflect events or changes in circumstances that occur after the
date hereof.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Barisan Gold Corporation
Kristy Reynolds
Investor Relations
+1 604 684 2183
reynolds@barisangold.com
www.barisangold.com

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