Mr. Mike Davies reports

GRAN COLOMBIA GOLD ANNOUNCES STRATEGIC REVIEW PROCESS

In light of current market conditions and the company's improved operational and financial performance this year, Gran Colombia Gold Corp. has engaged GMP Securities LP as its exclusive financial adviser to conduct a strategic review process that will explore alternatives to enhance shareholder value. The strategic review process will be broad and could include, but not be limited to, a strategic investment in the company by a third party, a business combination with another entity, a recapitalization of the company, a reduction of the principal outstanding under the senior secured convertible debentures due 2020, a sale of the company, or some combination of the foregoing.

At present, there can be no assurance as to what, if any, strategic alternatives might be pursued by the company. The company does not intend to disclose further details with respect to its review of strategic alternatives unless and until the board of directors has approved a specific transaction or otherwise determines that further disclosure is warranted.

About Gran Colombia Gold

Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations.

We seek Safe Harbor.