Cosigo Announces Machado Public Audience

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CSG: TSX-V

VANCOUVER, March 12, 2012 /CNW/ - Cosigo Resources Ltd. (TSX-V: CSG) today announced that the Colombian Government, through its Ministry of Environment and Sustainable Development, has set the date for a Public Environmental Audience for Cosigo's flagship Machado gold project. The Public Environmental Audience will take place on April 12, 2012.

"This Public Audience is one of the final steps in the Forestry Reserve Subtraction process and we are pleased to be moving forward at Machado." said Dennis W. Milburn, President and CEO of Cosigo.

The venue for the Public Environmental Audience will be the facilities of the Polideportivo Principal de Taraira (Vaupes) in the town of Taraira, Colombia where the meeting will start at 8.00 a.m.

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.

Cautionary Notice: This release may contain forward-looking statements regarding the Company's business or financial condition, including the proposed completion of financings, use of proceeds and exploration programs.  Actual results could differ materially from those described in this news release as a result of factors, including, but not limited to the following: the timing and completion of financings, the actual use of proceeds, the timing, results and success of exploration and development programs, financial arrangements, the ability to obtain additional financing, developments in global resource markets, political developments, the timing of regulatory and environmental approvals and other factors.  The Company cautions that these and similar statements involve risk and uncertainties, which could cause actual results to differ materially from those in the forward looking statement.  Forward-looking statements are made in the context of information available as of the date stated.  The Company undertakes no obligations to update or revise such statements to reflect new circumstances or unanticipated events as they occur, unless required by applicable law.

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

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 of this release

Cosigo Resources Ltd.
Dennis Milburn, President & CEO
Tel:  [phone] (North America)
1-604-515-5970 (International)
www.cosigo.com