AGD Antioquia Gold Inc

Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX
VENTURE:AGD)(OTCQX:AGDXF) is pleased to announce that it has closed its
previously announced non-brokered Private Placement for aggregate gross proceeds
of $2,365,800 (the "Placement") via the issuance of 23,658,000 units (each a
"Unit") at a price of $0.10 per Unit. Each Unit consists of one common share and
one-half of one common share purchase warrant exercisable at $0.20 for a period
of six months from the date of issuance.


In connection with the Placement, Desafio Minero S.A.C. ("Desafio"), a current
insider and "control person" of the Company, subscribed for 19,500,000 Units
bringing its total ownership in the Company to 44.3% (on a non-diluted basis).


The proceeds from the Placement will be used to continue the exploration program
at the Company's Cisneros project in Colombia. 


All securities issued in connection with the Placement are subject to a
four-month hold period that expires on September 16, 2012. Completion of the
Placement is subject to TSX Venture Exchange final approval. 


"As a testament to the potential of our Cisneros Project we have been able to
raise exploration funds under the current difficult market conditions,"
commented Rick Thibault, President and CEO. "We are pleased that Desafio, along
with several other long term investors, continue to show their support for the
Cisneros Project as we advance on our 2012 goals and the road to production."


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. Extensive geochemical and geophysical
programs over the entire Cisneros property have identified six exploration
targets to date. On the original discovery zone, the Company has drilled over
30,000 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. Richard Thibault, President & CEO

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


You can also follow Antioquia Gold on Twitter @AntioquiaAGD.

To receive Company news by email, contact info@antioquiagoldinc.com and mention
"Antioquia Gold" news in the subject line.


READER ADVISORY

Statements in this press release may contain forward-looking information
including, statements regarding the expected use of proceeds from the Offering.
Any statements that are contained in this press release that are not statements
of historical fact may be deemed to be forward-looking statements. The reader is
cautioned that assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may cause actual
results to differ materially from those predicted, as a result of numerous known
and unknown risks, uncertainties, and other factors, many of which are beyond
the control of Antioquia Gold. The reader is cautioned not to place undue
reliance on any forward-looking information. There can be no assurance that the
proposed exploration programs in Indonesia or other project acquisitions will be
completed or, if completed, will be successful.


The forward-looking statements contained in this press release are made as of
the date of this press release, and Antioquia Gold does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as required by securities law.

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