TOM Amilot Capital Inc

Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) is pleased to
announce that today the Segovia-Antioquia Circuit Court, following a petition
from its wholly owned subsidiary Remedios Gold SAS ("Remedios Gold"), nullified
the decision of February 14 2013 by the Segovia Municipal Court ordering
Remedios Gold to deliver possession of the San Pablo mine (mining title 7299 or
the "Mining Title") and related equipment to a certain plaintiff in a lawsuit
over the validity of a 1993 assignment of the Mining Title by an indirect
predecessor of Remedios Gold. As a result of this decision, Remedios Gold
regained possession of the mining title and all infrastructure and equipment in
the area, including its processing plant. The ruling by the Circuit Court
completely upheld Remedios Gold's claims, recognized Remedios Gold as the sole,
exclusive and registered holder of the Mining Title and ordered the Municipal
Court not to interfere with the rights of Remedios Gold in connection with any
proceedings to which Remedios Gold is not a party.


Following this decision, Remedios intends to resume operations at its processing
plant located in the area of Mining Title 7299 before the end of the week.
Before suspension of operations last Tuesday March 12, the plant had been
processing around 75 tpd. The Company expects to reach such processing level by
next week.


Tolima will continue to defend its rights to the Mining Title before any higher
courts and against any new actions from third parties affecting the Mining
Title, as required. It believes that the lawsuit by an alleged former owner of
the Mining Title has no grounds. 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.


The Mining Title covers a little over 100 hectares, which represents less than
1% of the Company's exploration holdings in the Remedios mining district and a
little over 0.1% of the Company's total exploration ground in Colombia.


Jaime Lopez, CEO of Tolima, stated: "This ruling by the Segovia-Remedios Circuit
Court confirms our trust and confidence in the Colombian judicial system and
provides a solid basis for the development of our projects in the San Pablo
area. We continue to advance our exploration and development plans for each of
our areas, all of which represent great potential to host sizeable metals
deposits."


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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