January 4, 2010, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) announces that it has settled part of the Guayabito property acquisition debt through the issue of 1,029,502 common shares of AGD at a deemed price of $0.424 per share resulting in the ownership of 80% of the 178 hectares that make up the Guayabito prospect lands and part of the Cisneros Project in Colombia. AGD intends to pay the remaining US$400,000 balance prior to the August 1, 2010 due date to complete the acquisition of 100% of the Guayabito lands.
AGD is a Calgary based mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia. AGD's principal asset is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia.
Caution regarding forward looking information
This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of AGD to be materially different from actual future results and achievements expressed or implied by such forward looking statements. . Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of AGD and its management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks involved.
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