Executive Co-Chairmen of Gran Colombia Gold Purchase 877,500 Shares of the Company

TORONTO , June 25, 2012 /CNW/ - Gran Colombia Gold Corp. (GCM.TO) announced today that its Executive Co-Chairmen, Serafino Iacono and Miguel de la Campa, have purchased an aggregate of 877,500 common shares of the Company between June 14 and 18, 2012.

Mr. de la Campa purchased an aggregate of 617,500 shares at an average price CDN$0.30 per share on the open market. As at today's date, Mr. de la Campa holds 3,522,394 shares of the Company (representing 0.92% of the issued and outstanding shares).

Mr. Iacono purchased an aggregate of 260,000 shares at an average price CDN$0.30 per share on the open market. As at today's date, Mr. Iacono holds 9,941,416 shares of the Company (representing 2.60% of the issued and outstanding shares).

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based gold and silver exploration, development and production company with its primary focus in Colombia . 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. In addition, Gran Colombia is advancing a project to develop a large-scale, gold and silver mine at its Marmato 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