Gran Colombia Gold reported its Q2 2015 results. Key highlights include: - Q2 gold production of over 30,000 ounces at a total cash cost of $801/ounce. - Cash costs improved from $941/ounce in Q2 2014 to $742/ounce in Q2 2015 due to lower contract mining rates and currency devaluation. - All-in sustaining costs were below $1,000/ounce, a 23% reduction from 2013, due to lower cash costs and G&A. - The balance sheet remains strong with $27 million in cash and no debt maturities until 2018. - The 2015 production outlook is 114,000 to 136,000 ounces at an all-

1. 1
TSX: GCM
OTC: TPRFF
August 14, 2015
Lombardo Paredes Arenas, CEO
Mike Davies, CFO
The leading high-grade gold producer in Colombia
Q2 and First Half 2015 Results
August 14, 2015

2. 2
TSX: GCM
OTC: TPRFF
August 14, 2015
Forward-Looking StatementsDISCLAIMER
This presentation contains "forward-looking information", which may include, but is not limited to, statements with
respect to the future financial or operating performance of the Company and its projects and, specifically, statements
concerning anticipated growth in annual gold production and reduction of cash costs. Often, but not always, forward-
looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative
variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would",
"might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia
to be materially different from any future results, performance or achievements expressed or implied by the forward-
looking statements. Factors that could cause actual results to differ materially from those anticipated in these
forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information
Form dated as of March 31, 2015 which is available for view on SEDAR at www.sedar.com. Forward-looking
statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as
required by law, any obligation to update any forward-looking statements whether as a result of new information,
results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There
can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place
undue reliance on forward-looking statements.

3. 3
TSX: GCM
OTC: TPRFF
August 14, 2015
RESULTS Highlights
Mine development at Sandra K – July 17, 2014

4. 4
TSX: GCM
OTC: TPRFF
August 14, 2015
RESULTS
Segovia
 Q2-2015 up 12% over Q2-2014….improved overall head grades averaging 15.5 g/t this quarter
with contract mining cooperatives representing 86% of Segovia’s gold production.
Marmato
 Processed 778 tpd in Q2-2015; slightly higher grades (2.94 g/t) than Q1-2014.
Production

5. 5
TSX: GCM
OTC: TPRFF
August 14, 2015
 Q2-2015 total cash cost for the Company was $801/oz.
 Colombian peso devaluation, Q1 reduction in Segovia contract miner rate and improved
production reducing fixed costs on a per ounce basis were key drivers to improvements in 2015
total cash cost per ounce at Segovia and the Company average.
Cash Cost Per OunceRESULTS
117
89
$700
$900
$1,100
$1,300
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Segovia
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Marmato
$941
19% of Q2-2015 gold sales
2013 20132014 2014
US$/oz sold
$742
2015 2015
81% of Q2-2015 gold sales

6. 6
TSX: GCM
OTC: TPRFF
August 14, 2015
Reductions in cash costs and G&A since the beginning of 2013 have been the key to our
success in reducing AISC to the current level below $1,000/oz.
All-In Sustaining Costs
*All-In Sustaining cash cost per ounce includes total cash costs per ounce and
adds the sum of G&A, sustaining capital and certain E&E costs and provision
for environmental discharge fees
RESULTS
AISC(-23%)
$600
$800
$1,000
$1,200
$1,400
$1,600
Q1'13 Q2'13 Q3'13 Q4'13 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Q2'15
G&A,Sustaining
Capex and Other
Cash Cost
$904
US$/oz sold

7. 7
TSX: GCM
OTC: TPRFF
August 14, 2015
Balance SheetRESULTS
* Excludes current portion of short and long-term debt
and Marmato titles payables

8. 8
TSX: GCM
OTC: TPRFF
August 14, 2015
2015 OUTLOOK
Priorities
1. Continue monthly interest payments on Gold and Silver Notes
2. Reorganize debt
3. Implement optimized mine plan at Segovia
Primary focus on development and mechanization at Providencia
Secondary focus on development and mechanization at El Silencio
Targets
Total gold production – 114,000 to 136,000 ozs
Segovia – 90,000 to 110,000 ozs
Marmato – 24,000 to 26,000 ozs
Cash cost - $700 to $750 per oz
G&A - $6M = $45 to $50 per oz
Sustaining capex - $140 to $190 per oz
Environmental fee - $13 per oz
AISC - $900 to $1,000 per oz

9. 9
TSX: GCM
OTC: TPRFF
August 14, 2015
www.grancolombiagold.com
@GCMGold
Follow us on:
@GCMGold
Gran Colombia Gold