CSG

VANCOUVER, April 26 /CNW/ -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CSG: TSX-V 11-01 VANCOUVER, April 26 /CNW/ - Cosigo Resources Ltd. (formerly Horseshoe Gold Mining Inc.) (TSXV: CSG) (the "Company") is pleased to announce that it has completed its previously announced acquisition of all of the outstanding securities of Cosigo Resources Inc. ("Cosigo"), effective April 21, 2011 (the "Transaction"). Also effective April 21, 2011, the Company completed a share consolidation on the basis of 1 (new) for 3 (old) shares and changed its name to "Cosigo Resources Ltd.". Trading in the Company's shares will resume on the TSX Venture Exchange on Tuesday, April 26, 2011 under the symbol "CSG". The Transaction The Transaction was effected by way of a court approved plan of arrangement under the Business Corporations Act (British Columbia) among the Company, Cosigo and the Cosigo securityholders (the "Plan of Arrangement"). Under the Plan of Arrangement, the Company acquired all of the issued and outstanding shares of Cosigo in exchange for an aggregate of 34,013,851 shares of the Company, based on an exchange ratio of 1:1. Outstanding common share purchase warrants and options of Cosigo were similarly exchanged for warrants and options of the Company in accordance with the same exchange ratio. Concurrent with the Transaction, the Company has carried out a previously announced non-brokered private placement. The Company expects to announce details on the completion of the non-brokered private placement and the resulting Company share structure shortly. Cosigo Management Effective April 21, 2011, Mr. Dennis Milburn, founder and CEO of Cosigo Resources Inc. was appointed the Company's CEO and President and Ms. Christine Aney was appointed Chief Financial Officer. The Company's former President, James E. McInnes, will continue with the Company's board of directors. Dennis Milburn, Joseph Montgomery, Andres Rendle, Patrick R. Mooney and Edward G. Robinson joined the Company's Board of Directors to replace retiring directors Gerald Runolfson and James Tutton. The Company thanks Messrs. Runolfson and Tutton for their support over the years. About Cosigo Resources: Cosigo Resources Ltd. (TSX-V: CSG) is a Vancouver-based company exploring for economic 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. 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 To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/26/c6722.html p align="center" uCosigo Resources Ltd./ubr/ Dennis Milburn, President & CEObr/ Tel: 877-866-8688 (North America)br/ 1-604-515-5970 (International)br/ a href="http://www.cosigo.com"www.cosigo.com/a /p

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