TOM Amilot Capital Inc

Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) announces that
Mr. Wally Rudensky has been appointed to the board of directors of Tolima. Mr.
Rudensky is "independent" within the meaning of applicable securities
legislation, and will be the Chairman of the Audit Committee. 


Mr. Rudensky, CA, has an extensive background in the areas of taxation and
corporate finance. He has over 30 years of experience in public accounting as
partner of MNP LLP, EvansMartin LLP and Arthur Anderson. He has lectured at
various universities and professional forums in the tax and corporate finance
areas. His background experience is corporate finance, governance, international
corporate structuring and more recently, IFRS conversion. Mr. Rudensky has been
active as a CFO and a member of the boards of directors for a number of public
and private companies, including serving as CFO of CUB Energy Inc. 


"We are pleased to welcome Mr. Rudensky to Tolima and look forward to the
insight and expertise that he will bring to the board of directors. Mr.
Rudensky's experience working with public companies and advanced knowledge of
financial and tax matters will be an asset to the Company," Jaime Lopez, Chief
Executive Officer of Tolima, commented. 


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 11,500 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 48,000 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.

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