CALGARY, ALBERTA - (March 10, 2022) - Antioquia Gold Inc. (“Antioquia Gold” or the “Corporation”) (TSX VENTURE: AGD) (OTC Pink: AGDXF) is pleased to provide a summary of February 2022 production results for its Cisneros mining operation.

Production Summary:

During February, 4,278 troy ounces of gold were produced at the Cisneros mining operation. An average of 1,324 tonnes of ore per day were processed, with a recovery of gold to concentrate of 96.26% during the month.

January February Total 2022
Mineral Processed Dry Tonnes 35,523 37,092 72,616
Feed Grade g/t Au 3.91 3.73 3.82
Gold Produced Tr. Oz. 4,323 4,278 8,600
Total Recovery % 96.83% 96.26% 96.6%
Worked days Days 31 28 59
Average Processed Dry Tonnes/Day 1,146 1,324 1,230
Third Party Mineralized Material: During February, 3,557 tonnes of mineralized material with an average gold grade of 14.62 g/t were purchased from third parties, representing 36% of the monthly gold production.

“In February we have again exceeded 4,000 oz in gold production, reaching the highest average daily gold production to date in the operation, we continue to grow and break records thanks to the good work of our entire team.” stated Mr. Gonzalo de Losada, President and CEO of Antioquia Gold.

Readers should be cautioned that the Corporation’s decision to move forward with the construction and production of the Cisneros Mine is not based on the results of any pre-feasibility study or feasibility study of mineral resources demonstrating economic or technical viability. Readers are referred to the Cisneros Report for details on independently verified mineral resources on the Cisneros Project. Since 2013, the Corporation has undertaken exploration and development activities; and after taking into consideration various factors, including but not limited to: the exploration and development results to date, technical information developed internally, the availability of funding, the low starting costs as estimated internally by the Corporation’s management, the Corporation is of the view that the establishment of mineral reserves, the commissioning of a pre-feasibility study or feasibility study at this stage is not necessary, and that the most responsible utilization of the Corporation’s resources is to proceed with the development and construction of the mine. Readers are cautioned that due to the lack of pre-feasibility study or feasibility study, there is increased uncertainty and higher risk of economic and technical failure associated with the Corporation’s decision. In particular, there is additional risk that mineral grades will be lower than expected, the risk that construction or ongoing mining operations will be more difficult or more expensive than management expected. Production and economic variables may vary considerably, due to the absence of a detailed economic and technical analysis in accordance with NI 43-101. Project failure may materially adversely impact the Corporation’s future profitability, its ability to repay existing loans, and its overall ability to continue as a going concern.

Qualified Persons

Roger Moss, Ph.D., P.Geo., Consultant to Antioquia Gold, is the qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information provided in this news release.

For further information on Antioquia Gold Inc. contact:
Gonzalo de Losada - CEO
Thomas Kelly - Director
Antioquia Gold Inc.
Email: info@antioquiagold.com
www.antioquiagoldinc.com