Antioquia Gold Inc. (AGDXF)

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Antioquia Gold Announces Conversion of Special Warrant for Gross Proceeds of $808,540
CALGARY, ALBERTA, Oct. 29, 2010 (Marketwire) -- Antioquia Gold Inc. (TSX VENTURE:AGD) ("Antioquia" or the "Corporation") is pleased to announce that further to its previously-completed common shares and special warrant financing, (as described in more detail in the Corporation's press release dated August 13, 2010), the special warrant issued to Desafio Minero S.A.C. has been converted to 4,042,700 common shares of the Corporation, and aggregate gross proceeds of $808,540 which were previously held in escrow have been released to the Corporation.

Antioquia Gold Inc.

Antioquia is a mineral exploration company focused on searching out precious metals and other mineral opportunities in Colombia. Antioquia's principal asset, which is being actively explored, is its Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia. The Cisneros Project forms the nucleus of the company's 37,000 hectare land package located throughout Colombia.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Antioquia Gold Inc. President 403-457-GOLD [e-mail] www.antioquiagoldinc.com