August 19, 2010 Antioquia Gold Appoints New Director, Issues Shares And Grants Options
August 19, 2010, Calgary, Alberta - Antioquia Gold Inc. (TSX-V: AGD) ("Antioquia") is pleased to announce the appointment of Mr. Felix Navarro-Grau Hurtado to the Board of Directos of Antioquia to serve until the next annual general meeting of the Shareholders of Antioquia. Mr. Felix Navarro-Grau Hurtado is the General Manager of Consorcio Minero Horizonte S.A. and a Board Director of Desafio Minero S.A.C. ("Desafio"), both of Peru, and his appointment to the Antioquia Board comes as a result of the previously announced Private Placement and Strategic Alliance with Desafio. The appointment of the new director remains subject to approval by the TSX Venture Exchange ("TSXV").
Antioquia also announces that, subject TSXV approval, the issuance of 150,000 common shares in final payment of the previously announced acquisition of a mining title with an area of 103.72Ha known as the Pacho Luis lands, a part of the Cisneros Project in Colombia. This acquisition was done with a combination of cash deposit and common shares once the Mining Title was registered in the name of Antioquia Gold Ltd.
Antioquia is also pleased to announce that 48,000 stock options were granted to House Mountain Partners, LLC exercisable at $0.25 per share until July 31, 2011, and 150,000 stock options were granted to Jay's Watchlist exercisable at $0.30 per share until August 11, 2011, both grants subject to the approval of and the policies of the TSXV regarding "Optionees Performing Investor Relations Activities"
Antioquia Gold Inc.
Antioquia Gold is a Calgary-based mineral exploration company, focused on searching out precious metals and other opportunities in Colombia since 2007. The Corporation's flagship property is the Cisneros Project, located 70 kilometres northeast of Medellin in the Department of Antioquia. Exploration on the Cisneros Project is ongoing and includes drilling, trenching, ground geophysics and soil sampling. Antioquia also controls 32,000 hectares of exploration concessions in the Cauca Porphyry Belt of Colombia.
Caution regarding forward-looking information:
Certain statements contained herein constitute forward-looking statements, including statements concerning the anticipated use of proceeds. Antioquia believes 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. The forward-looking statements included in this press release are made as of the date of this press release and Antioquia 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.
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.