Antioquia Gold Announces Private Placement of Units

Antioquia Gold Inc. ('Antioquia Gold" or the "Company") (TSX VENTURE:AGD)(OTCQX:
AGDXF) is announces that further to its press release dated August 29, 2013 and
in light of current market conditions, the Company will be undertaking a
non-brokered private placement of units (each a "Unit") at $0.05 per Unit for
aggregate gross proceeds of $1,000,000. Each Unit shall consist of one common
share and one common share purchase warrant exercisable at $0.05 for a period of
18 months from the date of issuance of the Units. The Company may pay a finder's
fee in cash for up to 6% of the gross proceeds of the private placement. It is
expected that the proceeds raised from the financing will be used for debt
repayment, general working capital and to complete key studies in the
advancement of the Company's flagship Cisneros project. The Company had
previously announced a resource estimate for the Cisneros project and a copy of
the National Instrument 43-101 compliant resource report on the project is
available under the Company's profile on SEDAR at www.sedar.com.


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 z ones. On the
original discovery zone it has drilled over 45,000 metres and is well versed in
the understanding of the deposit type and the project's path to resource
definition and production. 


For further information on Antioquia Gold Inc., visit our website at
www.antioquiagoldinc.com. 


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. 


Forward-Looking Statements: 

This news release contains certain forward-looking statements, including any
plans regarding the expected used of proceeds from the financing.
Forward-looking statements are based on management's current assumptions and are
subject to risks and uncertainties. There can be no assurance that any
forward-looking statement will prove to be accurate, and actual results and
future events could differ materially from those anticipated in such information
due to a number of factors beyond the Company's control. These assumptions,
risks and uncertainties include, among other things, management's assumptions
about government permitting, equipment procurement and the availability of the
necessary consultants and capital, as well as the risks of delay in any of these
activities and the risks inherent in Antioquia Gold's operations, including the
risks that the Company may not find any minerals in commercially feasible
quantity or raise enough money to continue to fund its exploration plans. These
and other risks are described in the Company's public disclosure documents filed
on the SEDAR website maintained by the Canadian Securities Administrators. The
Company does not undertake to update any forward-looking information except as
may be required by applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Antioquia Gold Inc.
Fernando Jaramillo
President and CEO
1-800-348-9657
[e-mail]
www.antioquiagoldinc.com