TORONTO, ONTARIO — (Marketwire) — 06/29/12 — Tolima Gold Inc. („Tolima“ or the „Company“) (TSX VENTURE: TOM) is pleased to announce that it has filed its third quarter Financial Statements and Management-s Discussion and Analysis on SEDAR and on the company-s website . Featured in the statement are milestones achieved from 30th January to 30th April 2012.
REMEDIOS PROJECT
ANCAL PROJECT
NORTOL PROJECT
Information Concerning Tolima
Tolima is a gold exploration, development and production company with interests in mining properties in Colombia. Tolima-s properties include the Remedios Project, located in the Remedios/Segovia mining district in the Antioquia Department of Colombia, with over 12,000 hectares of exploration ground, two mines (the „San Pablo“ and „Bartola“ mines) and an operating gold processing and recovery plant located in the area of „San Pablo“ with a capacity of 100 tons per day; the ANCAL Project, located in the Marmato/Caramanta district of the Caldas and Antioquia Departments of Colombia, including more than 28,000 hectares of exploration ground; and the NORTOL project, located in the Tolima Department of Colombia, including more than 40,000 hectares of exploration ground and the „Papayo“ mine, which is being rehabilitated. Tolima is continuing to explore opportunities for the acquisition of additional mining interests in prospective mining districts in Colombia.
Cautionary Statements
Some of the ownership interests in the Company-s mining properties derive from applications for concessions or mining titles beneficially held, which are subject to formal assignment to the Company-s operating subsidiaries. Such applications and assignment are subject to review by the relevant mining authority and to registration before the National Mining Registry of Colombia in order to confirm current compliance with the terms of each mining property and meeting with certain legal, financial and technical criteria. There is no certainty as to if or when issuance of mining titles from applications or formal registration of assignments will be achieved.
Forward-looking statements
This news release contains certain „forward looking statements“ including, for example, the ability of Tolima to achieve formal assignment and registration of its mining properties and the ability to carry out exploration activities. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: receipt of government and third party approvals in respect of transferring assets, the state of the capital markets; tax issues associated with doing business internationally, the ability to successfully manage the political and economic risks inherent in pursuing mineral exploration opportunities in Colombia; and the ability to obtain qualified staff, equipment and services in a timely and cost efficient manner to develop the business. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, Tolima does not intend, and disclaims any duty or obligation to, update or revise any forward-looking statements, whether as a result of new information, future events or results or otherwise.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Tolima Gold Inc. Lisa-Marie Iannitelli Toronto +1 647 476 7577
Tolima Gold Inc. Marcela Ospina Colombia +57 4 444 7479
Tolima Gold Inc. Kirk Gamley Investor Relations + 1 604 6897422 or Toll Free +1 877 689 7411
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