NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S. NEWS WIRE
SERVICES


TOLIMA GOLD INC. ("Tolima") (TSX VENTURE:TOM) announces that, further to its
news release of July 16, 2014, it completed the divestiture of certain mining
concessions and other assets in the Remedios and Segovia municipalities of
Antioquia, Colombia to Wolverine Minerals Corp. for total consideration of
$700,000 on July 31,2014.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. 


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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