Gran Colombia Gold is the largest gold and silver producer in Colombia and is focused on two wholly owned projects, Segovia and Marmato. The Segovia project is currently in production, with a plan to grow production to 200,000 ounces of gold annually. The Marmato project, with over 14* million ounces of gold in identified resources, ranks in the top 2 percent of all gold projects in the world by resources and is currently in the prefeasibility stage of development.

Colombia is a country of opportunities, with a growing economy, a government that is very supportive of foreign investment and ranks second in Latin America for personal safety and protection of private property.

Gran Colombia Gold has a highly experienced management team with an impressive track record of building successful companies and with deep roots in Colombia. The team believes that the success of the company, its investors and communities are intertwined and the company is very focused on community involvement and incorporating industry best-in-class policies and practices in developing its projects.

Gran Colombia Gold offers a very attractive investment opportunity with significant upside in its valuation relative to its peer group. With a producing asset at Segovia that delivered 79,178 ounces of gold in 2012 and a prefeasibility stage project at Marmato, with over 14 million ounces of gold in the ground, the company’s current market valuation has significant upside compared to industry valuations.

In 2013, the Company is focused on cost reductions and limiting capital investments to support an expected production level of 110,000 ounces of gold. Gran Colombia Gold is adopting an "all-in sustaining cash cost" measure that the company believes more fully defines the total costs associated with producing gold. For 2013, the company expects its all-in sustaining cash cost to be approximately US$1,380 per ounce of gold.    

Sustaining capital expenditures for 2013 will total approximately US$4.5 million. These will be funded internally from unrestricted cash balances and operating cash flow and will focus on sustaining capex at our two operating mines, including the completion of Maria Dama mill upgrades, the environmental program at Segovia and a crusher upgrade at the Marmato underground mining operation. Capital expenditures and exploration in support of the Pampa Verde Project will be funded separately from the proceeds generated by the gold-linked notes (see October 30, 2012 press release) and are not included in all-in sustaining cash cost.