Edgewater Exploration Ltd. reported that it has now completed the in-fill diamond drilling program on the company's 100% owned Corcoesto Gold Project, Galicia, Northwest Spain. Assay sampling has been concluded for all in-fill holes and complete results will be included in the updated Resource Estimate currently being conducted by Tetra Tech and scheduled to be completed before the end of January 2013. The final 10,000 metres of the 40,000 metre in-fill program targeted the Cova Crea Zone.

Drilling continues to intersect significant widths and grades of gold mineralization including DDH12W238 that returned 12.35 metres grading 3.24 g/t Au. The company has now completed 278 drill holes at Corcoesto totaling 52,940 metres. The most recent drill phase consisted of 64 drill holes (12W215 - 12W278) totaling 10,721.5 metres and this release is reporting previously un-released results for holes 12W215 to 12W244.

Analyses for holes 12W245 to 12W278 are in progress.