Antioquia Gold Inc. Announces Amendment to Warrant Terms

November 7, 2012, Calgary, Alberta: Antioquia Gold Inc. ("Antioquia Gold" or "the Company") (TSX-V: AGD; OTCQX: AGDXF) announces that the Company has applied to the TSX Venture Exchange for an extension of the expiry date of 11,829,000 warrants (the "Warrants") issued on May 15, 2012 and having an exercise price of $0.20 per common share to November 15, 2013. The extension of the term of the Warrants is effective immediately. All other terms of the Warrants remain the same. For further information on the original issuance of the Warrants, please refer to the press releases of the Company dated April 26, 2012 and May 16, 2012 filed on SEDAR.

Warrant holders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to Antioquia in order to effect the exercise or transfer of such Warrants.

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.

On behalf of Antioquia Gold Inc.

Richard Thibault, President & CEO For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact:

Antioquia Gold Inc., JoAnne Dorval-Dronyk 403-457-4653 info@antioquiagoldinc.com

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

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.

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Antioquia Gold Inc. Announces CEO Resignation

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