CGH Cabia Goldhills

Cabia Goldhills Inc. ("Cabia") (TSX VENTURE:CGH) announces that due to the
current difficult markets for junior exploration companies, it has been
unsuccessful in raising sufficient capital to continue its operations as a going
concern. Accordingly, the Board of Directors has decided to focus its remaining
financial resources on the preservation of the company's exploration properties
in Colombia and to suspend all head office and other non essential expenses.
Cabia therefore regrets having to inform its shareholders that in order to cut
costs, the filing and dissemination of its audited financial statements for the
fiscal year ended November 30, 2012 has been postponed indefinitely, as well as
the holding of its annual shareholder's meeting scheduled for April 25, 2013. In
addition, the remuneration of executives and all non-field related consultants
has been suspended indefinitely. 


The board also announces that an executive committee of four members has been
appointed to look at ways of maximizing shareholders value by negotiating joint
venture agreements or sale of assets, in the hope of restoring normal
operations. This committee is composed of Mr. Michel Delisle, CEO, Mr. Eddy
Escalante, VP Exploration, Mr. Harold Barbosa, Director and Mr. Ernando Escobar,
Director. 


Cabia also announces the resignation from its Board of Directors of Mr. Guy Le Bel. 

Cabia expects that trading in its shares will be suspended indefinitely. 

About Cabia Goldhills Inc. 

www.cabiagoldhills.com 

Cabia's Mejia Project is a 6,946 ha mineral concession located close to sea
level and outside any environmentally restricted areas in the San Lucas gold
district in the Sur de Bolivar region of the Department of Bolivar, Colombia.
The San Lucas gold district is an under explored area where intense artisanal
mining is present, including the Mejia Mines, as described in Cabia's NI-43-101
report on the Mejia Project available on the company's SEDAR profile at
http://www.sedar.com.  


In addition, Cabia has entered into a binding agreement to acquire an additional
mining concession of more than 3,975 hectares located immediately to the south
of the Mejia Project, in the San Lucas gold belt of the Bolivar Department,
Colombia. The concession, to be known as the Mejia South Property is situated in
the municipalities of Barranco de Loba and San Martin de Loba and Rio Viejo. A
series of veins have been encountered on the Mejia South Property, having
similar strike directions than those encountered at the four artisanal mines
adjacent to the Mejia Property, namely La Gloria Mine, El Fogaje Mine, Los
Romanes Mine and El Turco Mine (the "Mejia Mines"). 


Cabia now controls approximately 11,000 hectare of mining concessions, including
several artisanal mines, which gives it one of the largest position in the San
Lucas Gold Belt. 


Cabia Goldhills is a TSX-V listed junior exploration company focused upon the
exploration and development of gold projects in Colombia. Cabia currently has
less than 39 million shares outstanding. 


Prospective Statements, Quality Control and Assurance: 

Statements in this press release contain forward-looking information within the
meaning of applicable securities law. Forward-looking information is frequently
characterized by words such as "plan", "expect", "project", "intend", "believe",
"anticipate", "estimate" and other similar words, or statements that certain
events or conditions "may" or "will" occur. Readers are cautioned that
assumptions used in the preparation of forward-looking information may prove to
be incorrect. Although we believe that the expectations reflected in the
forward-looking information are reasonable, there can be no assurance that such
expectations will prove to be correct. We cannot guarantee future results, level
of activity, performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same, in whole or in
part, as those set out in the forward-looking information. There is no guarantee
that the acquisition of the Mejia Mines will be completed. 


Forward-looking information is based on the opinions and estimates of management
at the date the statements are made, and are subject to a variety of risks and
uncertainties and other factors (many of which are beyond the control of Cabia)
that could cause actual events or results to differ materially from those
anticipated in the forward-looking information. Some of the risks and other
factors could cause results to differ materially from those expressed in the
forward-looking information include, but are not limited to: stock market
volatility, access to capital, commodity prices and general economic conditions.
Industry related risks could include, but are not limited to: operational risks
in exploration, development and production; delays or changes in plans;
competition for and/or inability to retain other services; competition for,
among other things, capital, acquisitions of reserves, undeveloped lands,
skilled personnel and supplies; risks associated to the uncertainty of reserve
estimates; governmental regulation, including environmental regulation;
geological, technical, drilling and processing problems and other difficulties
in producing reserves; the uncertainty of estimates and projections of costs and
expenses; incorrect assessments of the value of acquisitions; the need to obtain
required approvals from regulatory authorities and other factors. Readers are
cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly
qualified by this cautionary statement. Cabia does not undertake any obligation
to update or revise any forward-looking statements to conform such information
to actual results or to changes in expectations except as otherwise required by
applicable securities legislation. Readers are cautioned not to place undue
reliance on forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cabia Goldhills Inc.
Mr. Maurice Montpetit
Vice President, Business Development
(514) 237-0645

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