Barranco Resources Corp. provided update on qualifying transaction with Goldeneye Resources Inc. (the ‘QT’). On closing of the QT, Barranco appointed new directors and officers. The company appointed Robert Findlay as Chief Executive Officer and Director. Mr. Findlay is currently a self-employed consultant. Mr. Findlay was the President, Chief Executive Officer, Chief Financial Officer, Secretary and director of First Mexican Gold Corp. from October, 2007, to December, 2010. He remained on the Board of Directors of First Mexican until April 2012. Mr. Findlay possesses a range of experience in the resource industry. He has worked with various mineral exploration issuers and oil and gas issuers such as Simba Energy Inc., Lateegra Gold Corp. and West Hawk Development Corp. The company appointed Carrie Cesarone as Corporate Secretary. Ms. Cesarone has worked as a legal assistant and then paralegal for several Vancouver securities lawyers since 1992. She became a self-employed consultant in January 2007, contracting her paralegal services to many publically listed junior mining companies. Ms. Cesarone acted as corporate secretary for Lateegra Gold Corp. from September, 2010, until it was taken over by Excellon Resources Inc. in August, 2011. She is currently corporate secretary for Strike Graphite Corp. The company appointed Blair Way as Director. Mr. Way has over 25 years experience in mining and construction throughout Australasia, Canada, the United States and the United Kingdom. He has worked in many commodities, including petroleum, zinc, nickel, magnesium, gold and silver. He has served as Chief Executive Officer of Strike Graphite Corp. since April, 2012. He was Chief Operating Officer of Rio Grande Mining Corp. from March to June, 2012, and is currently serves as Chief Financial Officer of Rio Grande since June, 2012. Mr. Way was Vice President, Project Development of Ventana Gold Corp. from February, 2010 to March, 2011. He was Project Director and Country President for Oceanagold Corp. (Philippines) from March, 2008 to January, 2010. Prior to that, he was Project Manager Non Ferrous Group with Hatch Associates (Brisbane), where he provided project management support for various mining and metal related projects in Australia, South Africa, China, Papua New Guinea and South East Asia. Mr. Way was Project Director - Major Projects for BHP Billiton (QNI Pty Ltd) in Townsville, Queensland. Geoff Balderson will remain the President and Chief Financial Officer and John Sutherland will resign as a director on closing.

Barranco Resources Corp., Annual General Meeting, Sep 24, 2012., at 10:00 Pacific Standard Time. Location: 7th Floor, 595 Burrard Street. Agenda: To receive and consider the audited financial statements of the company for the year ended March 31, 2012, together with the auditor's report thereon; to appoint auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors; to fix the number of directors for the ensuing year at four; to elect directors for the ensuing year; to approve and adopt, with or without modification, the ordinary resolution ratifying the stock option plan of the company; and to transact such other business as may properly come before the meeting.

TSX Venture Exchange (TSXV) announced that further to the Exchange Bulletin dated May 1, 2012, effecting at 11:48 a.m., trading in the shares of Barranco Resources Corp. will remain halted pending receipt and review of acceptable documentation regarding the Qualifying Transaction (QT) pursuant to TSXV Listings Policy 2.4. This regulatory halt is imposed by Investment Industry Regulatory Organization of Canada, the Market Regulator of the Exchange, pursuant to the provisions of Section 10.9(1) of the Universal Market Integrity Rules.