Antioquia Gold Inc. provided an update on progress at its Cisneros Project in Colombia as of January 14, 2016. The following is a summary of key milestones that have been achieved at the Guaico deposit: Explosives magazine construction has been completed; it is now in service, several rock blasts having been carried out; Main tunnel development (cross section 4m wide by 4.5m high) is complete through the overburden and saprolite zones, reaching the hard rock contact zone at a depth of 24m. Ramp development through hard rock is ongoing, total depth of the tunnel is now more than 33m at an average grade of -13%.

The contractor, Consorcio Guaico, is on schedule to intersect the first ore veins before the end of February; Concrete wall stabilization measures are complete, including wall anchors and drainage systems; Electrical poles have been installed for the 13.2 kv electrical substation which is under construction and scheduled to be in service in early March; Associated infrastructure construction is ongoing including water treatment plant, platforms for the office/dry complex, access road upgrades and temporary ore stockpile with waste rock from the tunnel development being utilized; The combined workforce of Antioquia and contractors on site currently totals 72 employees, of these 30 are from the local area.