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Three of the Project's multiple targets (El Retén, El Corral and Ajiaco Sur) are located within a regional environmental designation referred to as a District of Integrated Management ("DMI"). Under the terms of the DMI there is currently a prohibition against open pit mining within the DMI. The Company has made a written submission to the regional environmental authority responsible for the declaration and management of the DMI ("Corantioquia") requesting the immediate removal of the DMI designation over its mining titles. As disclosed in the Company's press release dated September 16, 2013, exploration within the DMI had been temporarily halted by Corantioquia until the Company's application for removal of the DMI designation has been considered. As further disclosed in the Company's press release dated December 18, 2013, Corantioquia informed the Company that during the period that the decision on the removal of the DMI designation was being considered, exploration within the DMI could resume upon the receipt of an acceptable environmental management plan ("EMP"). In March 2014 IAMGOLD and the Company presented an EMP to Corantioquia and are currently awaiting comments and approval.

About the Guadalupe Project

The Guadalupe project consists of approximately 35,000 hectares, and is situated approximately 110 km northeast of Medellín. Geologically, the project is located along the northern contact of the Antioquia Batholith, a known historic gold producing area, and host to the AnglogoldAshanti/B2Gold Gramalote project (M&I Resources of 2.7 Moz at 0.63 g/t Au, plus Inferred Resources of 3.4 Moz at 0.44 g/t Au) and Red Eagle's Santa Rosa project (M&I Resources of 601,100 oz at 1.81 g/t Au, plus inferred resources of 161,000 oz at 1.69 g/t Au). To the north of the Antioquia Batholith is the Cretaceous aged San Pablo Formation; a flysch sequence of mixed basic volcanics and clastic sediments, known to host both precious and base metal mineralization.

The scientific and technical information contained in this press release has been reviewed by the Company's President and CEO, Mr. Bruce Durham, P.Geo., who is a "Qualified Person" as such term is defined under NI 43-101.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.