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ARIS.TO ·

Gran Colombia Gold Announces Upcoming Webcast to Discuss 2011 Year End Results ,

Financials

TORONTO, March 23, 2012 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) will release its 2011 year end results after market close on March 29, 2012 and will host a conference call and webcast on March 30th at 9:00 a.m. Eastern Time (8:00 a.m. Bogota time) to discuss the results and provide an operational update.

Webcast and call-in details are as follows:

Live Event link: http://www.media-server.com/m/p/mowkp4yu Toronto & International: 1 (847) 585-4405 North America Toll Free: 1 (888) 771-4371 Colombia Toll Free: 01 800 9 156 924 Conference ID: 32105223

A replay of the webcast will be available at www.grancolombiagold.com from March 30, 2012 until April 30, 2012.

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. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato 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.

%SEDAR: 00003116E

For further information:

Investor Relations (416) 360-4653

CO: Gran Colombia Gold Corp.

CNW 17:00e 23-MAR-12