CGH Cabia Goldhills

Cabia Goldhills Inc. ("Cabia")  (TSX VENTURE:CGH) is pleased to announce that it
has completed on this day the second closing of a non brokered private placement
pursuant to which 2,440,000 Units were issued for gross proceeds of $610,000.
Each Unit is comprised of one common share of Cabia and one-half of a common
share purchase warrant, each full warrant entitling the holder to acquire one
Cabia common share at a price of $0.45 for a period of two years. 


The private placement is comprised of a maximum of 8,000,000 Units, of which an
aggregate of 3,910,000 Units have now been issued as part of the first two
closings. Additional Units may be issued at a later date as part of one or more
additional closings. 


The Private Placement was completed pursuant to prospectus exemptions under
applicable securities legislation. The securities issued in the private
placement are subject to a "hold period" under applicable securities legislation
and the policies of the TSXV ending April 4, 2013. A director of Cabia acquired
100,000 Units as part of the private placement.


The proceeds of the private placement are being used to finance some of the
costs related to the acquisition of the Mejia Mines as announced in Cabia's
press release of September 11, 2012, acquisition of other concessions and the
ongoing exploration program on the Mejia Project, including a 3,000 meter
drilling program set to start as soon as all of the permitting is completed.
Cabia has just signed an agreement with Major Drilling, an international
drilling company for a minimum of 3000 meters with the possibility of a 2000
meter extension pending results from the first phase. The work shall consist of
diamond coring utilizing the HQ coring system (63.5mm core diameter) to depths
of 300 to 350 meters. 


Cabia's Mejia Project is a 6,946 ha mineral concession located close to sea
level and outside any environmentally restricted areas in the San Lucas gold
district in the Sur de Bolivar region of the Department of Bolivar, Colombia.
The San Lucas gold district is an under explored area where intense artisanal
mining is present, including four artisanal mines adjacent to the Mejia Project,
namely La Gloria Mine, El Fogaje Mine, Los Romanes Mine and El Turco Mine (the
"Mejia Mines"), as described in Cabia's NI-43-101 report on the Mejia Project
available on the company's SEDAR profile at http://www.sedar.com Cabia's
geological team has found evidence for the presence of porphyry style
mineralization located at depth on the Mejia Project, with the potential to host
a gold-copper-molyporphyry system, which has become one of the main focus of the
current exploration program. 


About Cabia Goldhills Inc. 

www.cabiagoldhills.com 

Cabia Goldhills is a TSX-V listed junior exploration company focused upon the
exploration and development of gold projects in Colombia. Taking into account
the shares issued to date in the private placement, Cabia currently has less
than 39 million shares outstanding. 


Prospective Statements, Quality Control and Assurance: 

Statements in this press release contain forward-looking information within the
meaning of applicable securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Readers are cautioned that
assumptions used in the preparation of forward-looking information may prove to
be incorrect. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results, level
of activity, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information. There is no guarantee
that the acquisition of the Mejia Mines will be completed. 


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors (many of which are beyond the control of Cabia)
that could cause actual events or results to differ materially from those
anticipated in the forward-looking information. Some of the risks and other
factors could cause results to differ materially from those expressed in the
forward-looking information include, but are not limited to: general economic
conditions, the risks associated with the mining exploration, commodity prices
and exchange rate changes. Industry related risks could include, but are not
limited to: operational risks in exploration, development and production; delays
or changes in plans; competition for and/or inability to retain other services;
competition for, among other things, capital, acquisitions of reserves,
undeveloped lands, skilled personnel and supplies; risks associated to the
uncertainty of reserve estimates; governmental regulation, including
environmental regulation; geological, technical, drilling and processing
problems and other difficulties in producing reserves; the uncertainty of
estimates and projections of production, costs and expenses; unanticipated
operating events or performance which can reduce production or cause production
to be shut in or delayed; incorrect assessments of the value of acquisitions;
the need to obtain required approvals from regulatory authorities; stock market
volatility; access to capital; and other factors. Readers are cautioned that
this list of risk factors should not be construed as exhaustive. The
forward-looking information contained in this news release is expressly
qualified by this cautionary statement. Cabia does not undertake any obligation
to update or revise any forward-looking statements to conform such information
to actual results or to changes in our expectations except as otherwise required
by applicable securities legislation. Readers are cautioned not to place undue
reliance on forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cabia Goldhills Inc.
Mr. Maurice Montpetit
Vice President, Business Development
(514) 237-0645

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