October 27, 2010, Calgary, Alberta: Antioquia Gold Inc. (TSX-V: AGD) announces that it has granted, subject to TSX-V approval, options to acquire a total of 1,070,000 common shares of Antioquia to certain directors, officers, consultants and employees in Colombia, at an exercise price of $0.35 per share, vesting immediately and expiring if unexercised on October 26, 2015, in accordance with the existing stock option plan.
Antioquia announces that the Board of Directors has re-appointed Mr. Richard A. Thibault, President and CEO; Mr. Brad Van Den Bussche, Vice President Exploration; Ms. JoAnne Dorval-Dronyk, CFO and Corporate Secretary; and has appointed Mr. James H. Decker, a director, Executive Chairman.
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.
Caution regarding forward looking information
This press release may contain forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Antioquia to be materially different from actual future results and achievements expressed or implied by such forward looking statements. . Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Antioquia and its management. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. Readers are also advised to consider such forward-looking statements while considering the risks involved.
For further information on Antioquia Gold Inc., visit our website at www.antioquiagoldinc.com or contact
Rick Thibault, President
Antioquia Gold Inc.
Neither 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.