The Gold Report

Antioquia Gold Inc. TICKER: AGD:TSX.V; AGDXF:OTCQX Visit Company Website Antioquia, founded by individuals with extensive experience in Colombia, has grown through the addition of experienced professionals with proven success records. All of its mineral exploration activities are in Colombia. Since its creation through a reverse takeover on July 30, 2008, Antioquia has raised significant capital, assembled an impressive land position, hired trained and educated staff, identified exploration prospects, conducted extensive exploration and proven the presence of gold in those prospects, thus creating firm roots and a strong presence in the Colombian mining scene.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

eResearch (11/11/11) "Antioquia Gold Inc. is nearing the end of the reporting of assay results from this year's drilling on the properties at the Cisneros project in Colombia; the company drilled 31,557.71m at Cisneros between 2009 and 2011. . .the updated numbers for drilling at Cisneros are higher than our earlier estimates: more than 18,000 in 2011 (versus our expectation of 15,000) and more than 31,500m total (vs. our 28,300). The company is close to getting an internal resource estimate for Cisneros; our expectation is that, if this resource estimate is favorable, an NI-43-101-compliant resource estimate will follow shortly thereafter."

eResearch (11/7/11) "Antioquia Gold Inc. announced that mineralized structures continue to be extended along strike and at depth at the Guayabito prospect at the company's Cisneros project. . .Antioquia also announced a new discovery at depth in drill hole GYB11-060 at Guayabito (6.83 g/t Au over 5.1m). The company is in the process of defining an initial resource calculation for the Cisneros project."

Chris Berry, Morning Notes (9/28/11) "Antioquia Gold Inc. has recently announced the expansion of the Cisneros property with discovery of five new vein systems, high-grade gold intersections at the Papi and Guayabito vein structures and a joint venture with Trident Gold to further exploration on two projects in Colombia. Each of these announcements is significant in and of themselves, but they all play nicely into the strategic plan the company has been executing during its time in Colombia. . .Antioquia has suffered along with much of the junior space in 2011, but we see these recent news releases as sound strategic execution helping the company to build momentum and its reputation as a junior that can deliver on its promises."

eResearch (9/22/11) "Antioquia Gold Inc. has reported that the Guayabito and El Bolo structures at the Guayabito deposit have also been extended. Five northeast-trending vein systems have been confirmed at Guayabito, and there are at least four additional parallel vein systems currently being drilled. . .gold mineralization at Guayabito has been delineated to a depth of 300m and up to 200m along strike. . .the nine vein systems remain open along strike and to depth."

Yuri Belinsky, eResearch (9/15/11) "Antioquia Gold Inc. announced that the high-grade gold mineralization has been extended at the Papi vein structure on the company's Cisneros project in Colombia. Drill hole PAP11-007 intersected 22.25 g/t Au over 3.1m, including 34.31 g/t Au over 2m and 135.6 g/t Au over 0.5m."

• Corporate Fact Sheet (9/30/11)
• Morning Notes (3/2/11)

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(2/9/11) CEO Rick Thibault, Antioquia Gold

(5/4/11) Morning Notes

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