Intersection From The Providencia Mine as High-Grade Infill Drilling Results Continue

TORONTO - Gran Colombia Gold Corp. from the ongoing underground infill drilling program at the Providencia Mine at its Segovia Operations in Colombia. Infill drilling at Providencia is designed on 20 meter x 20 meter centers, and is aimed to further delineate one of the main high-grade orebodies, currently in production, on which limited previous surface drilling had intersected high gold grades. Hole PV-IU-083, which was drilled from the 5335 drill bay located along the ramp developed in the hanging-wall of the main vein system, returned an overall grade of 460.87 g/t Au and 163.5 g/t Ag over a core length of 2.05 meters, including an outstanding sample interval of 2,329.3 g/t Au and 791 g/t Ag over 0.37 meters.

Serafino Iacono, Executive Co-Chairman of Gran Colombia, said, “We are pleased to report that the latest assay results returned from the ongoing Providencia infill drilling program represent the highest drilling grades ever seen at Segovia, which further increases our confidence in the potential for adding new resources to the mine and to extending its mine life. Head grades in the Company-operated mining areas at Providencia have increased this year, contributing to the 12% year-over year production growth we recently reported in our nine months 2017 results. We are now two-thirds of the way through our 2017 drilling program at Segovia and encouraged by the continuing high-grades of our results.”