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Antioquia Gold Inc. Announces Fernando Jaramillo as Director Immediately and President & CEO Effective April 1, 2013

CALGARY, ALBERTA -- (Marketwire) -- 02/28/13 -- Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD) (OTCQX:AGDXF) is pleased to announce that it has appointed Fernando Jaramillo Escobar as a Director of the Company effective February 27, 2013. Mr. Jaramillo will be appointed as President and Chief Executive Officer effective April 1, 2013. The appointment is subject to the finalization of a formal contract and any applicable regulatory approval.

Fernando Jaramillo Escobar is a resident of Colombia and is a civil engineer with thirty-five years of experience including executive and senior management roles in the oil and gas industry, mine operation and engineering. Mr. Jaramillo held senior roles with BP including President and Business Unit Leader of BP Exploration Colombia, President and Regional Director of Latin America with BP Mexico and Head of Audit and Risk Management for E&P worldwide with BP Corporate London. Prior to his employment with BP, he held senior roles with Billiton and Shell Companies in Colombia and the Netherlands, as well as Oleoducto de Colombia and Exxon Group of Companies in Colombia. He is fluent in English and Spanish. He is a founding shareholder of Antioquia Gold and has been a Legal Representative of the Company's branch in Colombia since 2008.

Mr. Jaramillo replaces Richard Thibault who has returned to his consulting business but has agreed to stay on in an advisory capacity through the transition period and will be entering into a 12 month consulting agreement, on an as-needed basis, subject to TSXV approval.

The Company also advises that it has not renewed contracts for 2013 with investor relations firms previously retained - CHF Investor Relations, Resources Awareness LLC (formerly Contrary Investor's Cafe) and eResearch Corporation.

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

You can also follow Antioquia Gold on Twitter @AntioquiaAGD.

To receive Company news by email, contact [email protected] and mention "Antioquia Gold" news in the subject line.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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