CALGARY, ALBERTA - (February 05, 2021) - Antioquia Gold Inc. ("Antioquia Gold" or the "Corporation") (TSX VENTURE: AGD) (OTC Pink: AGDXF) is pleased to provide a summary of January 2021 production results for its Cisneros mining operation, and to announce the progress of other ongoing projects.

Production Summary and Operations Update:

During January, 1,922 troy ounces of gold were produced at the Cisneros mining operation. An average of 685 tonnes per day were processed with a recovery of gold to concentrate of 98.2% during the month.

----------Total 2020 January 2021

Mineral Processed Dry Tonnes 213,939 2,1239
Feed Grade g/t Au 3.05 2.87
Gold Produced Tr. Oz. 20,308 1,922
Total Recovery % 96.9% 98.2%
Days Worked Days 366 31
Average Processed Dry Tonnes/Day 584 685
Third Party Mineralized Material: 707 tonnes with an average gold grade of 9.57 g/t were purchased from third parties, representing 11% of monthly production.

"Scheduled maintenance for one of the ball mills restricted our processing capacity during the month, consequently reducing our treatment rate and therefore gold production for January. We are now back at 100% capacity and anticipate significant growth in production this month" 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.