Gran Colombia Gold Announces Postponement of Meetings

TORONTO, ON--(Marketwired - November 24, 2015) - Gran Colombia Gold Corp. (the "Company") (GCM.TO) (OTC PINK: TPRFF) announced today that, after further consultation with the holders of its Senior Secured Gold-Linked Notes due October 2017 ("Gold Notes") and Senior Unsecured Silver-Linked Notes due August 2018 ("Silver Notes"), it has postponed the meetings of the holders of the Gold Notes, Silver Notes and common shares originally scheduled for Friday, November 27, 2015.

The Company will be providing a new date, and supplemental information regarding the postponed meetings to holders of the Gold Notes, Silver Notes and common shares in due course upon completion of its consultation with its various securityholders. It is anticipated that the meetings will be scheduled for a date that allows the current record date for voting to be preserved. In the interim, please contact the Company's proxy advisory and solicitation agent, Kingsdale Shareholder Services at 1-866-581-0508 or by email at contactus@kingsdaleshareholder.com with any questions related to voting at the upcoming meetings.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia. Gran Colombia is currently the largest underground gold and silver producer in Colombia with several underground mines in operation at its Segovia and Marmato Operations. Gran Colombia is currently advancing a project to develop a modern, large-scale, gold and silver mine at its Segovia operations.

Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, the expected timing for the meetings of the Gold Notes, the Silver Notes and the Company's common shares. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2015, which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.