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Gran Colombia GOLD Announces Voting Results of the Annual and Special Shareholders Meeting and Sets Record Date FOR 2020 Debenture Redemption

Debt & Credit Facilities Shareholder Meetings

GRAN COLOMBIA GOLD CORP.

333 BAY ST., SUITE 1100, TORONTO, CANADA M5H 2R2

T: (416) 360-4653 F: (416) 360-7783

NEWS RELEASE

GRAN COLOMBIA GOLD ANNOUNCES VOTING RESULTS OF THE ANNUAL AND SPECIAL

SHAREHOLDERS MEETING AND SETS RECORD DATE FOR 2020 DEBENTURE REDEMPTION

TORONTO, CANADA, Thursday, June 22, 2017 – Gran Colombia Gold Corp.’s (TSX: GCM) Annual and

Special Meeting of Shareholders was held on Thursday, June 22, 2017. The detailed results of the votes

for each matter to be acted upon are set out below:

Item Description of matter Outcome Voted Voted (%)

1. Fixing the number of directors at nine. Approved 4,014,220 For

117,936 Against

97.15%

2.85%

2. The election of the following individuals as

directors of the Corporation to hold office until

the next annual meeting of the Corporation or

until their successors are appointed or elected:

Miguel de la Campa Approved 4,083,572 For

48,584 Withheld

98.82%

1.18%

Serafino Iacono Approved 4,076,908 For

55,248 Withheld

98.66%

1.34%

Mark Ashcroft Approved 3,917,231 For

214,925 Withheld

94.80%

5.20%

Edward Couch Approved 4,008,892 For

123,264 Withheld

97.02%

2.98%

Ian Mann Approved 4,008,903 For

123,253 Withheld

97.02%

2.98%

Hernan Juan Jose Martinez Torres Approved 3,924,877 For

207,279 Withheld

94.98%

5.02%

Robert Metcalfe Approved 3,924,877 For

207,279 Withheld

94.98%

5.02%

Jaime Perez Branger Approved 4,009,076 For

123,080 Withheld

97.02%

2.98%

Mark Wellings Approved 3,931,548 For

200,608 Withheld

95.15%

4.85%

3. Appointing KPMG LLP as auditors of the

Corporation at a remuneration to be fixed by

the directors.

Approved 5,032,930 For

19,173 Withheld

99.62%

0.38%

4. Reapproval of the Stock Option Plan of the

Corporation which fixes the maximum

aggregate number of shares reserved for

issuance under the plan at 10% of the issued

and outstanding common shares of the

Corporation

Approved 3,818,536 For

313,656 Against

92.41%

7.59 %

GRAN COLOMBIA GOLD CORP.

333 BAY ST., SUITE 1100, TORONTO, CANADA M5H 2R2

T: (416) 360-4653 F: (416) 360-7783

2020 Debentures Redemption Record Date

As announced on June 13, 2017, the Company will complete a partial redemption at par on July 31, 2017

of an aggregate principal amount of US$3,000,000 of the 2020 Debentures outstanding, applied on a pro-

rata basis. The Company confirms the record date for the partial redemption has been set as July 27,

2017 and the 2020 Debentures will comme nce trading on the TSX on a post -redemption basis as of the

opening of business on July 25, 2017.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian -based gold and silver exploration, development and production company

with its primary focus in Co lombia. 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 continuing its expansion and modernization activities at its high-grade

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,

statements with respect to the anticipated partial redemption of 2020 Debentures. 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

30, 2017, 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 e vents, 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 anticipa ted in such

statements. Accordingly, the reader is cautioned not to place undue reliance on forward -looking

statements.

For Further Information, Contact:

Mike Davies

Chief Financial Officer

(416) 360-4653

[email protected]