Tolima Gold Announces Extension of Warrants

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE
SERVICES


Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) announced that,
further to its press release on November 12, 2013, it has received approval from
TSX Venture Exchange ("TSX-V") to extend the expiry date of 18,749,999
outstanding common share purchase warrants of the Company (the "March Warrants")
from December 9, 2013 to March 23, 2016, and 19,250,000 outstanding common share
purchase warrants from December 8, 2013 to December 5, 2016 (the "December
Warrants", together with the March Warrants, the "Warrants").


The Company also intends to seek the approval of holders of the Warrants to
decrease the exercise price to $0.15 per common share, in accordance with, and
subject to, applicable TSX-V policies.


About Tolima Gold Inc.

Tolima is a gold exploration and development company with contractual interests
in gold properties in Colombia. Tolima's mineral properties are the Remedios
Project, located in the Remedios/Segovia mining district, including the San
Pablo and Bartola mines, located in the Antioquia Department of Colombia; the
Ancal/Marmato Project, located in the Marmato/Caramanta district in the Caldas
and Antioquia Departments of Colombia; and the Nortol project, including the
newly acquired Papayo property, located in the Northern part of the Tolima
Department of Colombia. Tolima continues to explore opportunities for the
acquisition of additional mining interests in prospective mining districts in
Colombia.


Forward-Looking Statements

Certain statements in this press release that are predictive in nature, that
depend upon or refer to future events or conditions, or that include words such
as "expects", "anticipates", "intends", "plans", "believes", "estimates", or
similar expressions, are forward-looking statements within the meaning of
securities law.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tolima Gold Inc.
Andrew DeFrancesco
(416) 362-4441


Tolima Gold Inc.
Lisa-Marie Iannitelli
(416) 362-4441

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