AGD Antioquia Gold Inc

Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX
VENTURE:AGD)(OTCQX:AGDXF) announces that it intends to complete the previously
announced private placement financing (the "Offering") on or before December 13,
2012. The terms of the financing remain as stated in the October 16, 2012 news
release, reproduced below.


The Offering will raise aggregate gross proceeds of up to $3,000,000 via the
issuance of units (the "Units") at $0.12 per Unit (the "Offering"). Each Unit
will be comprised of one common share in the share capital of the Company
("Common Shares") and one-half of one common share purchase warrant of the
Company ("Warrants"). Each whole Warrant will entitle the holder thereof to
purchase one additional Common Share at a price of $0.25 per share for a period
of six (6) months from the date of issuance. The Company may pay a finder's fee
in connection with this transaction. The cash proceeds will be added to working
capital and thereby used to fund the 2012 fourth quarter exploration program at
Cisneros. Completion of the Offering is subject to approval from the TSX Venture
Exchange.


The Company closed the first tranche of the Offering on October 30, 2012, and
issued 11,075,383 units at $0.12 to Desafio Minero S.A.C, a current insider and
"control person" of the Company for gross proceeds of $1,329,046.


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 eleven exploration
targets to date. On the original discovery zone, the Company has drilled over
40,000 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.  


On behalf of Antioquia Gold Inc.

Richard Thibault, President & CEO

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.


Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein constitute forward-looking statements,
including statements concerning the anticipated closing of the Offering and the
anticipated use of proceeds. We believe the expectations reflected in those
forward-looking statements are reasonable but no assurance can be given that
these expectations will prove to be correct and such forward-looking statements
included herein should not be unduly relied upon. Closing could be delayed if
the Company cannot obtain necessary regulatory approvals within anticipated
timelines and will not be completed unless certain conditions customary for
transactions of this kind are satisfied. The forward-looking statements included
in this press release are made as of the date of this press release and the
Company disclaims any intention or obligation to update or revise any forward-
looking statements, whether as a result of new information, future events or
otherwise, except as expressly required by applicable securities legislation.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there by any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Antioquia Gold Inc.
JoAnne Dorval-Dronyk
403-457-4653
info@antioquiagoldinc.com
www.antioquiagoldinc.com


CHF Investor Relations
Juliet Heading
416-868-1079 x239
juliet@chfir.com

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