Gran Colombia Completes Equity Offering

March 18, 2014

Gran Colombia Gold Corp. (TSX: GCM) (“Gran Colombia”) completed an equity offering of 8,423,837 units of Gran Colombia (the “Units”) at a price per Unit of $1.93 for aggregate gross proceeds to Gran Colombia of $16,258,005 (the “Offering”). Each Unit consisted of one common share in the capital of Gran Colombia and one-half of one common share purchase warrant. The Offering was completed pursuant to a short form prospectus dated February 28, 2014 and was underwritten by GMP Securities L.P. (the “Underwriter”).

Wildeboer Dellelce LLP acted as counsel to the Underwriter in connection with the Offering with a team that included Perry Dellelce, Peter Simeon, Jeff Hergott, Mack Hosseinian and Matthew Armstrong (corporate/securities) and Kevin Fritz (tax).