Imagine gathering a bunch of experts together and asking them to build a gold mine. Investors love those kinds of investing stories because experts tend to apply their expertise and turn potential into success.

That is exactly what is going on at Antioquia Gold Inc. (TSX-V: AGD), a gold company founded and managed by experts with a focus in Latin America – and specifically in Colombia.

Recently, we sat down with Rick Thibault, President and CEO of Antioquia Gold Inc. to learn more about him and his company and the opportunities they are pursuing. Mr. Thibault has experience in operations, management, and consulting in North America and South America and he has been working with mining companies out of Santiago Chile for the past seven years. Mr. Thibault tells us more about his experience and background: "I'm a mining engineer and I have over 32 years of experience. I've lived 12 years in South America and have been to most of the countries [on the continent]. I was the managing director of an operating mine in Argentina and then I started a consulting firm with a couple of other [industry professionals] in Chile, which we grew." Later, he launched out on his own (as a consultant) and then he took on the role he currently holds at Antioquia Gold.

"Our start was really a reverse take-over," says Thibault of his company's start-up. "Ten founders got involved in the company. We put our own money up – about a million and a half dollars of our own money in the venture so far. We loved Colombia; it was the only place we wanted to look. We went out and found the property."

Antioquia's flagship property, Cisneros, is located in the northwestern part of Colombia, near the city of Medellin. The area is rich in its mining heritage and currently several projects operate nearby, including AngloGold Ashanti, B2Gold, Colombian Mines and COLGOLD INC. Mr. Thibault tells us more: "It's on the main highway that connects Medellin with the Atlantic ports and the road goes right through the middle of the property. We've got infrastructure and a workforce. There's a major power line that goes right by us; gas goes right by us; the main highway going out to the coast is being redone to be a 4-lane highway; there's a town of 20,000 people nearby and the city of Medellin with 3.8 million people is less than an hour and a half away.

The company seemed to be moving ahead well. Thibault then says: "We were listed on the stock exchange on August 2008… which was one of the worst times to come out as a junior! The market fell after that."

Things did look positive until the market fell, and although that stopped a number of juniors in their tracks, it didn't stop Thibault and the Antioquia Gold team. They dug in and kept moving forward: "We stayed alive. We had some funds. We did our exploration. We got some other properties. And nine months ago we dropped our first drill-hole on our flagship property. Since then, it's been nothing but charging ahead. We've had nothing but really good results."

James West, of the Midas Report, was quoted in the March 5, 2010 issue of The Gold Report, saying, “In Colombia right now, I do like Antioquia Gold (TSX.V: AGD). I just came back from a site visit. In Antioquia, they've got a mesothermal deposit where they've had some very encouraging intercepts. They just drilled a shallow program, and they're going to start drilling again in March, April at the latest. Mesothermal deposits, by nature, get much richer the deeper they go. And being in Colombia—and in the Antioquia Batholith—the potential for a world-class deposit is very good, especially considering what has happened with Ventana and Greystar Resources Ltd. (TSX.V:GSL).”

In spite of the economy, their location helped them move ahead quickly and affordably. "We've done about 7,000 meters of drilling, with excellent results. We targeted four targets and we've hit gold in them all… AND we found a structure. This whole area is a huge structure."

The Guayabito Prospect, an 8 hectare area in the Cisneros Gold project, has revealed two structures, one running approximately north-south and the other running approximately east-west. Mr. Thibault said: "Where they meet is the elevated grade but it all contains gold. All of the holes we've drilled have contained gold."

In a January 25, 2010 press release Antioquia reported a drill hole with 11.67m @ 22.56 g/t Au including 0.7m at 216.34 g/t Au.  Their latest drill results press release of August 9, 2010 (available here: http://www.antioquiagoldinc.com/s/NewsReleases.asp?ReportID=413533) reports: one drill hole encountered: "5.1 meters at 9.3 g/t gold, including 1.0 m at 39.0 g/t gold… "and another drill hole encountered: "25.9 meters at 1.6 g/t gold including 0.30m at 28.8 g/t gold and 0.6 meters at 17.3 g/t gold." These numbers might intimidate inexperienced mining industry investors so Mr. Thibault summarized: "The structures themselves are very good and within the structure are these belts that are even more attractive. These structures are wide and they go way down."

The exploration is going well and they've brought in another geologist to the team to help them progress toward putting together their 43-101 resource. "We brought in Bob Casaceli, who is a 35 year industry veteran, to help us."

"We'll probably have those numbers by next year," says Mr. Thibault. "We have 7,000 meters to go. We're funded for the program we have running now and we're [currently] going for another round of financing."

Knowledge is power and the information Antioquia is finding from these holes is giving them additional knowledge to take the next steps. "We're defining the structure," said Mr. Thibault. "We're getting to the point where we can build a 3D model. The drilling results keep confirming what we've reported in the past. [The data] is building on our theory [about the land]. We're building the base of the model so we can start putting resource numbers on this. We'll go down deeper to check the depth."

A recent private placement was next in our discussion. Mr. Thibault said: "We were looking for funds but the summer is not usually the best time to find any. But we thought, with our drill results, that we would go ahead anyway. A strategic partner came along, just by chance."

"The [future strategic partner's] chief geologist happened to be in the country and he asked to look at the property and he came back and said it was just like what [the partner] had. They have the same type of structure and mine in Peru."

The company, Desafio Minero, is the associated exploration arm of Consorcio Minero Horizonte – the fifth largest gold producer and second largest underground gold producer in Peru. Horizonte and Desafio are both privately held and controlled by the Navarro-Grau Group .The Navarro-Grau Group of companies produces approximately 200,000 ounces of gold per year and has 32 years of experience in the exploration, development and operation of underground gold deposits.  The mine that is similar to Antioquia’s mine is producing between 160,000 and 170,000 ounces of gold per year.

The private placement, which can be read about here, (http://www.metalsnews.com/Metals+News/MetalsNews/Al+Alper/MNNEWS212010/ANTIOQUIA+GOLD+ANNOUNCES+PRIVATE+PLACEMENT+OF+16170801+SHARES+PROCEEDS+OF+323+MILLION.htm), is a placement of over 16 million common shares at $0.20 per share to Desafio Minero. Antioquia exchanged the shares for $3.23 million in cash.

"This gives validity and credibility to the deposit because we now have a [partner] company who mines a similar deposit and wants to get in on our deposit." It's more than just a cash-for-shares trade, Mr. Thibault pointed out. It's a strategic alliance. "We're going to trade technology. They have a very good operation team. We have a very good exploration team. And it just so happened that the amount of money we were trying to raise would work for them as a private placement."

This is a winning opportunity for Antioquia for a number of reasons. "With the experience they have, we can go to production a lot sooner," said Mr. Thibault. "They've been through it before."

So, why might investors be interested in looking at Antioquia? Here are a few reasons:

First, Antioquia is rooted in Colombia and strengthening its base there. Along with the familiarity that he and his team have with the country, Mr. Thibault says, "last year we purchased an engineering firm that is doing logistics for us. That gave us a firm foundation in the country." That purchase not only gave them the expertise and convenience of the engineering firm but through a subsidiary, it came with 32,000 hectares of land nearby (in the famous Cauca Porphyry Belt) for the future. "The other advantage to being on the ground in Colombia," says Mr. Thibault, "is that we get exposure to a number of projects that you wouldn't see just sitting in an office in Toronto." In other words, their proximity helps them find new opportunities that others might not see.

Second, "we have paid our dues," says Mr. Thibault. "We don't have any property payments to make… Some companies have to pay to keep exploring, exploring, exploring and putting out a million dollars every year, but that's all behind us."

Third, "we've got a great team down there. The workforce is well educated. And since it's one of the longest-running democracies in Latin America, it's politically very stable."

Fourth, "we've got a great partnership and funding through our private placement agreement."

We asked Mr. Thibault about the challenges he faces and he was quick to respond: "Our biggest challenge is getting people excited about Colombia. It's underexplored. It's never been systematically explored."

The next steps for the company are to create their 3D model of the structure and start adding resource numbers. "We're working on that right now – with internal and external people – and we expect to have a 43-101 by early next year. The 3D model will be earlier so we can go in and drill extra holes for the 43-101."

"We're well funded for the next year and it's all systems go," said Mr. Thibault.

Antioquia's long term strategy is to leverage all of their strengths to bring their flagship property into production. Investors might find this company an interesting opportunity because of its placement and expertise in Colombia, and because of the proximity of the property to other successes as well as the infrastructure to make this one a success.

REFERENCES

Antioquia Gold Inc.

Suite 800, 700 - 4th Avenue SW

Calgary, AB

Canada T2P 3J4

Telephone: 403-457-GOLD (4653)

Website: www.antioquiagoldinc.com