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Tommy

06/08/12 8:32 AM

#16 RE: Tommy #15

Gran Colombia Gold announces an update to its 2012 production plan

http://www.grancolombiagold.com/Newsroom/News-Releases/News-Releases-Page/News-Releases-Details/2012/Gran-Colombia-Gold-announces-an-update-to-its-2012-production-plan1129773/default.aspx

TORONTO, June 8, 2012 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) is continuing to progress its efforts to expand capacity and increase gold production at its Segovia Operations, but due to delays in reaching its targeted capacity at Maria Dama in the second quarter of 2012, combined with lower than planned grades of ore in March, April and May, the Company has revised its full year 2012 production target for the Company to a range of 115,000 to 135,000 ounces of gold from its Segovia and Marmato Operations, from the previously expected 155,000 ounces of gold.