Antioquia Gold Inc. (AGDXF)

[gsfl]

Antioquia Gold Changes Financial Year End and Provides Drilling Update

CALGARY, ALBERTA--(Marketwire - Dec. 16, 2011) - Antioquia Gold Inc. ("Antioquia Gold" or the "Company") (TSX VENTURE:AGD)(OTCQX:AGDXF) announces that on December 14, 2011, the Board of Directors resolved to change the year end of the Company from March 31 to December 31. The change in the financial year end from March 31 to December 31 will allow the Company to provide continuous disclosure information on a comparable basis with its peer group and to align its year end with the year end of its subsidiaries.

The Company's next filing of financial information will include audited consolidated financial statements for the nine-month period ended December 31, 2011. This financial information will be filed on or before April 29, 2012.

The 2011 drilling program at the flagship project, Cisneros was completed on December 3rd, 2011. A total of 18,988 metres, in 84 core holes, were drilled with over 9,600 core samples collected for analysis. Results are still pending on approximately 450 samples and will be released in January 2012 after findings from all remaining assays are received and interpreted. Work is progressing on the geological model and resource calculation for Cisneros and will be released upon completion.

The Company first conducted drilling on the property in mid-2009. Total metres drilled on the Cisneros project to date is 32,315 (163 core holes), of which approximately 20,000 metres (93 core holes) were drilled on the Guayabito and Guaico deposits. Total samples taken to date total 15,153.