Antioquia Gold Inc. Announces CEO Resignation

CALGARY, ALBERTA--(Marketwire - Dec. 18, 2012) - Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD) (OTCQX:AGDXF) announces that Richard Thibault has resigned as President, Chief Executive Officer and Director effective today. Mr. Felix Navarro-Grau Hurtado, the Chairman of the Board, will act as Interim President and Chief Executive Officer until the Company appoints a replacement which is expected to be early in the new year.

Mr. Thibault has agreed to stay on in an advisory capacity through the transition period. He will also be entering into a twelve month consulting agreement, subject to TSXV approval.

The board of directors wishes to thank Mr. Thibault, for his valuable contributions to the Company over the past years since the Company inception and wishes him every success as he returns to his consulting practice.

About Antioquia Gold Inc.

Antioquia Gold has been exploring for precious metals in Colombia since 2007 where its current holdings are close to 40,000 hectares located throughout Colombia. Antioquia's principal asset, which is being actively explored, is its 5,630 hectare Cisneros Project, located 55 km northeast of Medellin in the Department of Antioquia, Colombia. At the Cisneros Project the Company has conducted extensive geochemical and geophysical programs over the entire property and has identified to date eleven (11) exploration zones. On the original discovery zone it has drilled over 43,000 metres and is well versed in the understanding of the deposit type and the project's path to resource definition and production.

On behalf of Antioquia Gold Inc. Felix Navarro-Grau Hurtado

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READER ADVISORY

This news release may contain certain forward-looking information, including the statement about expected timing of appointment for a new President and Chief Executive Officer. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.