FIGO Ventures, Inc. is Now a Fully Reporting Company

WINDSOR, Ontario, Aug. 4, 2014 (GLOBE NEWSWIRE) -- FIGO Ventures Inc. (OTC Pink Sheets:FIGO), (the "Company" or "FIGO") is pleased to announce that its recently filed S-1 Registration Statement has gone Effective as of August 1, 2014 and it is now a Reporting Company. In addition, the Company has filed an application to quote the Company's common stock on the OTCQB operated by OTC Markets Group Inc.

About FIGO Ventures Inc.

FIGO is a mineral exploration and exploitation company. On December 25, 2013, FIGO entered into a Lease Assumption Agreement with Capital Gold Mining Resources SAS ("CGM"), a company domiciled in Bogota, Columbia, for concessions acquired by CGM for the mining operations of what is known as the Rafael mine. Mining concession contract No. 7092, registered with the Mining Registry on February 7, 2007, concerns the economic exploitation of gold, silver and concentrates located in the municipalities of San Rafael and San Carlos in the Department of Antioquia, Columbia. The concession contract covers an area of 233.5 hectares.

Forward Looking Statements:

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

CONTACT: Media Contact: Ania Wlodarkiewicz aw@figoventures.comSource:FIGO Ventures, Inc.