April 17, 2009 Antioquia Gold Signs Agreement to Acquire Mining Concessions in Colombia
April 17, 2009, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) is pleased to announce that it has executed the purchase agreement, previously announced on October 17, 2008, with Grupo de Bullet (GDB), a private company with a large portfolio of mining concessions in Colombia, to acquired a 90% interest in two concessions, totalling 5,243 hectares, adjacent to AGD's existing Guayabito Property in the Cisneros area, of Antioquia, Colombia.
Under the terms of the purchase agreement, and subject to regulatory approvals, AGD will acquire up to 90% interest in the subject GDB concessions over 18 months, in exchange for up to 1,000,000 AGD common shares and 500,000 AGD warrants to be issued to Grupo de Bullet, and, AGD is to fulfill US$ 2 million in exploration expenditures by October 9, 2010.
Antioquia Gold Inc. is a junior exploration company focused on searching out, exploring and developing mineral opportunities in Colombia. Its initial project, the Cisneros Property, is located in the Antioquian Batholith near the town of Cisneros in the Department (region) of Antioquia in Colombia. The Company has offices in Calgary, Alberta and in Medellin, Colombia. Antioquia Gold Inc. currently has a total of 26,151,188 common shares issued and outstanding.
Neither 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.