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Gran Colombia Gold Corp.

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Summary

Project:

Segovia

Deposit:Segovia
Location:Colombia
Commodities:Gold-Silver
Date:9/28/2017
Report Code:NI43-101
Report Type:PEA
Project Stage:Pursuing Resource Increase/Upgrade
Report details:28-9-2017: Gran Colombia Gold Corp. announces a PEA report for its Segovia deposit at the Segovia project. PEA results incl. post-tax NPV $178M (5%) and LOM of 9 yrs.. This report was prepared as a Preliminary Economic Assessment (PEA) Canadian National I
Resources:(Resource, M+I): 2.861Mt @ 12.0g/t Au for 1.1Moz Au contained at project
CP/QP:[Resources]: Ben Parsons (SRK Consulting (US) Inc.)
ABSTRACT:This report was prepared as a Preliminary Economic Assessment (PEA) Canadian National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) for Gran Colombia Gold Corp. (Gran Colombia or GCM) by SRK Consulting (U.S.), Inc. (SRK) on the Segovia Project, which comprises of the Providencia, El Silencio, Sandra K Mines, the Las Verticales Veins System (Las Aves, Pomarosa and Pomarosa 2 veins), and the Carla Project. The quality of information, conclusions, and estimates contained herein are consistent with the level of effort involved in SRK’s services, based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions, and qualifications set forth in this report. This report is intended for use by Gran Colombia subject to the terms and conditions of its contract with SRK and relevant securities legislation. The contract permits Gran Colombia to file this report as a Technical Report with Canadian securities regulatory authorities pursuant to NI 43-101, Standards of Disclosure for Mineral Projects. Except for the purposes legislated under provincial securities law, any other uses of this report by any third party is at that party’s sole risk. The responsibility for this disclosure remains with Gran Colombia. The user of this document should ensure that this is the most recent Technical Report for the property as it is not valid if a new Technical Report has been issued. The PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves, and there is no certainty that the PEA will be realized.

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