Mr. Mike Davies reports

GRAN COLOMBIA ANNOUNCES DETAILS FOR THE FORTHCOMING QUARTERLY REPAYMENT OF ITS GOLD NOTES ON OCTOBER 31, 2019 AND THE THIRD QUARTER 2019 RESULTS WEBCAST

Gran Colombia Gold Corp. has provided the details for the forthcoming quarterly repayment of its 8.25 per cent senior secured gold-linked notes due 2024 as follows.

Payment date:  Oct. 31, 2019

Record date:  Oct. 24, 2019

Cash payment amount:  Approximately 7.88104 U.S. cents per $1 (U.S.) principal amount of gold notes representing an amortization payment of the principal amount issued and outstanding of approximately 6.62139 U.S. cents per $1 (U.S.) principal amount of gold notes and a gold premium of approximately 1.25965 U.S. cents per $1 (U.S.) principal amount of gold notes. Based on the London p.m. fix on Oct. 15, 2019, of $1,487.80 (U.S.) per ounce, the aggregate amount of the cash payments on the payment date will be $5,802,420 (U.S.), of which $4,875,000 (U.S.) will be applied to reduce the aggregate principal amount of the gold notes issued and outstanding and the balance represents the gold premium.

Principal amount issued and outstanding:  As of today's date, there is a total of $73,625,000 (U.S.) principal amount of gold notes issued and outstanding. After this quarterly repayment, the aggregate principal amount of the gold notes will be reduced to $68,750,000 (U.S.).

Third quarter 2019 results webcast

Gran Colombia also announced today that it will release its financial results for the third quarter of 2019 after market close on Thursday, Nov. 14, 2019, and will host a conference call and webcast on Friday, Nov. 15, 2019, at 9:30 a.m. Eastern Time to discuss the results.

Webcast and call-in details are as follows:

Live event link:  see Media-Server website

International:  1-514-841-2157

North America toll-free:  1-866-215-5508

Colombia toll-free:  01-800-9-156-924

Conference ID:  49120998

A replay of the webcast will be available at the company's website from Friday, Nov. 15, 2019, until Friday, Dec. 13, 2019.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based mid-tier gold producer with its primary focus in Colombia where it is currently the largest underground gold and silver producer with several mines in operation at its Segovia and Marmato operations. Gran Colombia is continuing to focus on exploration, expansion and modernization activities at its high-grade Segovia operations.

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