An anonymous director reports

GRAN COLOMBIA ANNOUNCES THE PURCHASE OF 70,062,746 WARRANTS BY SPROTT ASSET MANAGEMENT LP AND FLATIRON CAPITAL MANAGEMENT PARTNERS

Pursuant to an alternative monthly report filed by Sprott Asset Management LP and Flatiron Capital Management Partners, as of Aug. 31, 2012, Sprott and Flatiron have purchased, on behalf of accounts fully managed by them, an aggregate of 70,062,746 of Gran Colombia Gold Corp.'s listed warrants in the open market. As of today's date, Sprott and Flatiron hold approximately 44.5 per cent of the total warrants issued and outstanding. Assuming the exercise of these warrants, Sprott and Flatiron would exercise control or direction over approximately 15.5 per cent of the issued and outstanding common shares of the company (on a partially diluted basis).

For further information, please see the alternative monthly report dated Sept. 10, 2012, filed by Sprott and Flatiron on the company's SEDAR profile.

We seek Safe Harbor.