Gran Colombia Gold Announces Upcoming Webcast to Discuss Financial Results for Q1 2012 ,

TORONTO, May 3, 2012 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM) will release its financial results for the first quarter of 2012 after market close on Monday, May 14, 2012 and will host a conference call and webcast on Tuesday, May 15, 2012 at 10:00 a.m. Eastern Time (9:00 a.m. Bogota time) to discuss the results.

Webcast and call-in details are as follows:

Live Event link: http://www.media-server.com/m/p/c5ey3dnv Toronto & International: 1 (847) 585-4405 North America Toll Free: 1 (888) 771-4371 Colombia Toll Free: 01 800 9 156 924 Conference ID: 32321579

A replay of the webcast will be available at www.grancolombiagold.com from May 15, 2012 until June 15, 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 at its Segovia and Marmato Operations. 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.

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For further information:

Investor Relations (416) 360-4653

CO: Gran Colombia Gold Corp.

CNW 17:24e 03-MAY-12