TOM Amilot Capital Inc

Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) announced today
that on Tuesday, March 11, 2013, the police and other authorities of the
Remedios Municipality, in the department of Antioquia, Colombia, arrived on the
site of Tolima's San Pablo mine (mining title 7299) with a court order issued by
the Municipal Court of Segovia for the eviction of Remedios Gold SAS ("Remedios
Gold"), an indirect wholly-owned subsidiary of Tolima, from the San Pablo mine
and from Tolima's nearby processing plant. The court order orders the
restitution of the San Pablo mine to a certain plaintiff who allegedly was a
former title holder of the San Pablo mine and who, in 1993, had challenged the
assignment of the mining title to a company which was a predecessor of the
vendor of the concession to Remedios Gold. At the time of the purchase of this
property by Remedios Gold, and of Tolima's acquisition of the shares of Remedios
Gold, this legal action had been decided on its merits against the plaintiff and
without the possibility of appeal (the "Original Decision"). The plaintiff
pursued many avenues to overturn the Original Decision, which were denied.
However, one of such actions resulted in a higher court finding that the reasons
set out in the Original Decision were incomplete, and returned the file to the
trial court for such ruling to be reissued. That court reversed the Original
Decision and found for the plaintiff, declaring the assignment of the mining
title null and ordering the delivery of the mining title to the plaintiff.


Neither Tolima nor Remedios Gold were a party to the court proceedings, and
Remedios Gold is currently the registered owner of the San Pablo mining title.
The legal proceedings were not registered with the Colombian mining registry,
and the assignment of the San Pablo mining title to several acquirors, the most
recent of which was Remedios Gold, was never objected to by the plaintiff.
Tolima considers the eviction action to be illegal and in violation of its
rights and, through Remedios Gold, has filed all available recourses to impede
the execution of the court order, and has denounced with the competent
authorities the conduct of the Municipal Court of Segovia and of the public
officials who have participated in this abusive violation of Remedios Gold's
rights. 


Following the police action on the San Pablo property, Remedios Gold has
suspended operations at its processing plant and only security personnel of
Tolima remain on the site. Tolima intends to resume operation of the processing
plant once this administrative incident has been rectified.


Tolima believes that the actions of the Municipal Court of Segovia and the
administrative authorities against Remedios Gold have no legal support, violate
Remedios Gold's rights and go far beyond what had been the subject matter of the
litigation. Therefore, Tolima intends to vigorously defend its rights and
property in this case. Additionally, under the terms of the share purchase
agreement pursuant to which Tolima acquired the shares of Remedios Gold, the
vendors (the Minatura Group of companies) have the obligation to indemnify
Tolima and hold it harmless against any and all actions or damages deriving from
legal action against Remedios Gold's properties, which includes damages
resulting from the legal proceedings described above. Tolima also intends to
rely on and enforce this indemnity as required.


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.


Forward-looking statements

This news release contains certain "forward-looking statements" including, in
particular, Tolima's expectation regarding the success of impeding Remedios
Gold's eviction from the San Pablo mine and processing plant, preserving legal
title to Remedios Gold's property, reliance on contractual indemnities and the
resumption of operations at the processing plant. Legal action and the
enforcement of contractual rights are complex legal matters, the outcome of
which is uncertain and subject to a number of risks, legal interpretation and
expenses. Tolima management has expressed forward-looking statements relating to
the strength of its, and Remedios Gold's, legal position based on its
understanding of such legal matters, in consultation with its legal counsel. In
addition, forward-looking statements with respect to the resumption of
operations at the processing plant are also subject to economic factors and
assumptions regarding the profitability of operations described in previous
press releases and Tolima's MD&A. 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 disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events
or results or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tolima Gold Inc.
Andrew DeFrancesco
(416) 362-4441


Tolima Gold Inc.
Lisa-Marie Iannitelli
(416) 362-4441

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