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Cielo Press

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Cielo News Release

Corporate Update
2013-08-02

SURREY, British Columbia, Canada
August 2nd, 2013
CNSX:CMC

Cielo Gold Corp. ("Cielo" or the "Company") is pleased to announce that it has made the first payment pursuant to the Interim Agreement with Blue Horizon Bio-Diesel Inc. dated July 12, 2013 ("BH Bio-Diesel") by issuing 1,000,000 common shares to BH Bio-Diesel representing $250,000.00.

Pursuant to the terms of the Interim Agreement, Cielo has agreed to purchase certain assets (the "Assets") and certain liabilities of BH Bio-Diesel for consideration of $4.25 million payable in 18 monthly stock issuances to at a value of $0.25 per share totaling $250,000.00 per month.

The Assets include a renewable fuel demonstration plant that is in operation in Red Deer Alberta. It is Cielo's goal to produce a high cetane, ultralow sulphur highway grade diesel to meet Canada's Federal mandate of 2% and Provincial mandate of 2%, renewable content in each liter of diesel produced and sold. Cielo intends to begin commercial construction of the renewable diesel facility in 2013, using municipal waste and used motor oil. This feed stock is readily available and very inexpensive in comparison to the typical bio-diesel feed stocks. Cielo sees the opportunity to help clean up the environment while potentially earning significant higher Return on Investments.

Further information regarding the Company can be found on SEDAR at www.SEDAR.com and by visiting our profile on CNSX.ca.

On Behalf of the Board of Directors

"Don Allan"
Chief Executive Officer
Tel: 403.340.1542 Ext. 224
Email: donallan@cielows.com


Certain statements contained in this release may constitute "forward-looking statements" or "forward-looking information" (collectively "forward-looking information") as those terms are used in the Private Securities Litigation Reform Act of 1995 and similar Canadian laws. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated", "anticipates" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to the business of the Company, the Property, financing and certain corporate changes. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
These securities have not and will not be registered under United States federal or state securities laws and may not be offered or sold in the United States or to a U.S. Person unless so registered, or an exemption from registration is relied upon. This news release does not constitute an offer of securities for sale in the United States.

CNSX has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.