Investor PresentationMay 2010

Version 3.1

DisclaimerThis presentation may contain forward‐looking statements concerning the Company’s plans for its properties, operations and other matters. These statements refer to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Statements concerning reserves and mineral resource estimates may also be deemed to be forward‐looking statements to the extent that they involve estimates of the mineralization that will be encountered if the property is developed and in the case of mineral reserves, such statements reflect the conclusion based on certain assumptions that the mineral deposit can be economically exploited. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward‐looking statements”. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward‐looking statements. Forward‐looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward‐looking statements if these beliefs, estimates and opinions or other circumstances change. Investors are cautioned against attributing undue certainty to forward‐looking statements.

Capitalization Summary

Share Price C$ 0.30Market Cap: C$ 20 mil52–week range C$ 0.69–0.09

Cash Position: $1.0 milWarrants/Options $ 6.2 milManagement/Board ~ 25%

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Shares outstanding 64.6 mil

Warrants 12.5 mil

Options 5.5 mil

Fully Diluted 82.6 mil

as of May 1, 2010

Management

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Richard A. Thibault, P. Eng., Director, President and CEO

• Over 32 years of engineering, operations, management and consulting experience in North and South America

• Held senior executive positions for several junior exploration and mining companies in Latin America

• Director Argentex Mining Corporation

Brad Van Den Bussche, P. Geo, Director & VP Exploration

• Over 25 years in both the mining and energy business • Worked mainly as a geologist, project manager, and an

executive focusing on exploration and new business development

• Concentrated on technical evaluation and project management for the resource industry

Management cont’d

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Robert James, C.M.A., Chief Financial Officer

• Over 30 years of experience • Director, Officer, Chief Executive Officer and CFO of

various TSX-V listed companies & private companies• Participated in many financings, re-financings,

acquisitions, divestitures, mergers and re-organizations

German Guerrero, General Manager, Colombia Operations

• Over 17 years of experience in Colombian Mining Industry• In public sector with SENA, Ministry of Mines and

Ingeominas• In private sector Ingenieria y Gestion del Territorio S.A.• A mining engineer specialized in Economic Evaluations of

mining projects

Directors

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J. H. (Jim) Decker, Chairman, Mining Engineer(President, Jim Decker & Associates Inc.)

Greg Harris – Lawyer (Securities Specialist)

John Morgan – Geologist (President, Infinito Gold)

Brian Murray – CA (Chairman, Nebu Resources)

Rick Thibault – Mining Engineer (President & CEO, Antioquia Gold)

Brad Van Den Bussche – Geologist (VP Exploration, Antioquia Gold)

About Antioquia Gold

• Management experience in mine exploration and development including Colombia

• Focus on mineral opportunities in Colombia, especially gold, since 2007

• Flagship: Cisneros Property80 km northeast, on paved highway, from Medellin, a city of 3 million

• Control a total land package of +37,000 hectares

• IGTER: renowned Colombian geology and mining consultants

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Milestones since inceptionSept.

2007 Acquired Guayabito Property

Oct.

2007 Assembled Senior Management Team

Nov.

2007 Compiled NI 43-101 Property of Merit

Jan.

2008 Commenced Exploration of Cisneros Project

Mar.

2008 Completed RTO & Name Change AM-VES/HIAM

Aug.

2008 Listed August 2008 on TSX-V: AGD

Sept.

2008 Established Base in Medellin

July

2009 Added Key Lands at Cisneros

Sept

2009 Purchased IGTER

Oct.

2009 Initial Drilling Program

Dec.

2009 Gained Access to Large Land Package 8

Colombia

Colombia• Most prolific gold producer in S.A.

• Under-explored

• High potential for new discoveries

• Stable democratic government

• National security policy (FARC under control)

• Attractive investment regulation

• Attractive mining policy and Mining Code

• Competitive human capital

• Legal stability10

Department Of Antioquia

• Antioquia means “land of gold”

• Antioquia’s mineral resources widely recognized

• Main gold-mining producer of Colombia (over 75% of yearly Colombian production)

• Over last 50 years: over 16 million ounces produced

Mining Production in Antioquia 2005 – 2008 (in troy ounces)

2005 2006 2007 2008

Gold 716,597 344,831 367,015 835,871

Silver 140,307 174,578 229,952 205,554

N

1 Km

Cisneros Property

CISNEROS

2 Km

All earn-ins / purchase conditions fulfilled

Guayabito178 ha, 100%

interest, 2% NSR

La Manuela101 ha

100% interest

Santo Domingo (JV) 5,243 ha, 90% interest

Pacho Luis 104 ha

100% interest

Current Cisneros Land Package

5,625 ha

Cisneros - Geological Setting

• Antioquia Batholith

– Granitic/Granodioritic

• Central Cordillera

• Structurally Controlled Mesothermal Lode Gold System

– Analogy to Red Lake, Bralorne

• Extensive History of Artisanal Mining

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Cisneros – Geology

• Structurally Controlled Mineralization

• Gold Dominant System

• Intersections and Clustering of Structures are Key

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Cisneros - Exploration to Date

• Mapping: Regional & Detailed

• Rock samples: 520

• Soil samples: 913

• Trenching: 2.7 km

• Stream sediment / panning: 223

• Artisanal Workings: +60

• Geophysical Surveys: 13.2 km

• Spent to Date: ~ US$5 Million

2009 Drilling Program

Results

• Confirmed majority of the mineral structures at surface and in artisanal workings can be traced both laterally and vertically

• New structures and extensive zones of mineralization and alteration have been identified, particularly at depth.

• Hit significant gold values in all the targeted structures

30 holes 3,920 meters 2,218 samples

PC09-26PC09-20

2009 Drilling Program Select Results

6.91

mAverage15.73g/t

0.59m @ 162.66 g/t 1

1.6

7 m Average

22.56 g/t

1.05 m @ 31.21 g/t Au

0.70 m @ 216.7 g/t Au

Cisneros- Drill Prospects

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Drilling holes 2009

Drilling holes 2010

River

Drainaje

Paved road

unpaved road

Properties

L5671005

L5671005

H7

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5B

00

5

H7175005

T1498005

ILD-14271

El Limón

La Quiebra

El Picacho

La Manuela

Guayabito

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Guayabito

Chapulin

Manuela

Guaico - Nus

2010 Drilling Program

• 10,000m core drilling program

• Establish continuity of the key mineralized structures identified at Guaico-Nus and Guayabito

• Quantify size and gold potential

• Structural delineation at depth

• Test geophysical anomalies & photo interpretation targets

• Test new prospects identified in artisanal workings and surface exploration

2010 Drilling Program

• First 20 drill holes (2015m) have successfully intersected Guaico north-south structure and the Nus east-west structure.

• Awaiting results and interpretation for these holes, to put together a news release on the findings.

~75 holes 10,000 meters +3,000 samples

Cisneros – Next Steps

• Expand geophysical programs

• Finish 10,000m drill program

• Evaluate results of drilling and geophysics

• Design exploration tunnel

• Metallurgy test work

Land Holdings in Colombia

Total Land Package +37,000 hectares

• Cisneros: +5,600 hectares (Flagship)

• Other Holdings ~32,000 hectares

(Vetted +200,000 hectares)

• Strategic Properties: located along the productive Cauca Porphyry Belt near high profile projects

• Potential: Continually evaluating opportunities

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Strategic Properties• Six other prospect areas in Colombia all situated within the

prolific Cauca Porphyry Belt

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Total (approx.): 32,000 ha

Concordia-Betulia 12,387 ha

Caicedo 3,156 ha

Manizales Norte 10,091 ha

Jerico 3,105 ha

Gavia 2,887 ha

Aguadas 371 ha

• All projects lie below 2,800m elevation and are not affected by the new mining law protecting the Paramo highland ecosystems (+3,200m) in Colombia

CONTINENTAL - BURITICÁ

CISNEROS

CONCORDIA -BETULIA

ANGLO/B2 - QUEBRADONA

MEDORO – MARMATO (9.6M oz)

SEAFIELD –QUINCHEA (776K oz)

ANGLO – LA COLOSA (12.9M oz)

ANGLO/B2 – GRAMALOTE (2.4M oz)

VENTANA – LA BODEGAGREYSTAR - ANGOSTURA

MANIZALES NORTE

GAVIA

AGUADAS

JERICÓ

CAICEDO

AGD – Projects Other Project

N

CAUCA PORPHYRY BELT

ANTIOQUIA BATHOLITH SUNWARD- TITIRIBI (3.7M oz)

Strategic Properties

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Bucaramanga

Bogota D.C.

Medellin

*(Stated ounces based on news releases)

COBRE SOM

ALIANZA MINERA LTDA.

SOCIEDAD SORATAMA

AGD – Properties

Neighbors` Properties

SOCIEDAD DE LA

PEÑA SOM

ACHAGUA SOM

SOCIEDAD DE LA PEÑA

SOM

SOCIEDAD SORATAMA

• Situated 40 km SW of Medellin by paved highway

• Comprises 3 concessions for +12,000 hectares

• Located in the prolific Cauca Porphyry Belt

• Early stage exploration prospect

• Good neighbours: AngloGold and Continental Gold

• Positive initial grab samples and mapping results, up to

7.50 g/t gold

Concordia-Betulia Prospect

COLOMBIA

La Llanada Project

• Historical mining area in Dept of Narino

• Exclusivity - Local Co-op

• 6 month due diligence

• 380 hectares (4 parcels)

• Producing ~5,000 oz/yr, by totally manual methods

• Small Plant (25 t/d)

• Joint Venture

• AGD - CAPEX & Management

• Co-op - Licenses and Permits

Medellin

Community Relations - Cisneros

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Involves 3 Municipalities in Department of Antioquia:

Santo Domingo Cisneros Yolombo

Social Program Objectives

• Identify concerns and needs

• Apply appropriate strategies and adjust to reality

• Develop a working relationship between stakeholders

• Three social studies conducted to date

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Environmental Awareness

Baseline Studies Ongoing

Focus - Water Quality and Quantity

Environmental Studies and

Permits for Future Work

March drilling program and geophysics (granted)

Trenching and exploration tunnels

Explosive Use Permit

CORPORATE PHILOSOPHY

“Meet or exceed Colombia or North America Standards”

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Funding

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Sufficient Funds for Current Drilling /Exploration Program:

10,000m core drilling program

Ground geophysics program

Field exploration on Santo Domingo

On-going evaluation of Concordia-Betulia

Looking Forward

• Accelerate Exploration Activities

• Cisneros Project

– Expand drilling targets and geophysics

– Increase exploration of Santo Domingo lands

– Develop geological and resource models

– Establish exploration tunnel for grade control

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Looking Forward – Cont’d

• Strategic Properties

– Expand Concordia-Betulia exploration

– Preliminary exploration on other holdings

– Farm out select projects as joint ventures

• Pursue Other Gold Opportunities in Colombia

– Due diligence work on La Llanada

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Mining Cycle

Chart reproduced by eResearch, being modified from and

courtesy of The Gold Book, by Pierre Lassonde33

Summary

• Excellent Investment Opportunity

• Strong Technical and Management Team

• Colombian Experience

• Well Positioned on Ground in Colombia

• Solid Social & Environmental Commitment

• Meeting Success at Cisneros Project

• Quality Properties and Prospects

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