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 June 06, 2012
Cosigo Employee Share Purchase Plan

 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, May 31, 2012 - Cosigo Resources Ltd. (TSX-V: CSG) (the "Company") today announced that, pursuant to the terms and conditions of the Company's Employee Share Purchase Plan, it has issued a total of 103,180 common shares of the Company to eligible employees at a price of $0.275. Of these common shares, 101,856 were issued to certain directors and officers of the Company. The Employee Share Purchase Plan was approved by shareholders in the special general meeting held on March 30, 2011.

About Cosigo Resources:
Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for gold deposits in Colombia and Brazil. Cosigo has assembled a strong team, well experienced in South America and in the exploration and mining-finance industries. The Company's flagship project is its 100% owned Machado Project in the Taraira Gold Belt of southeastern Colombia where geological mapping and geochemical sampling have identified potentially gold-bearing strata over a strike-length of more than 20 km. Cosigo's ongoing work on the 9,973 hectare Machado Project is the first modern exploration program in an area known to have hosted more than 100 historic gold mining operations.

On behalf of the Board of Directors
Cosigo Resources Ltd.
/s/"Dennis Milburn"

President & CEO

For further information contact:

Cosigo Resources Ltd.
Dennis Milburn, President & CEO
Telephone: (604) 515-5970
Website: www.cosigo.com

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 release.
 
 

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