Tolima Gold Inc. Releases Annual Financial Statements and Related Management's Discussion and Analysis

TORONTO, ONTARIO--(Marketwire - Nov. 28, 2012) - Tolima Gold Inc. ("Tolima" or the "Company") (TSX VENTURE:TOM) is pleased to announce that it has filed its Annual Financial Statements and related Management's Discussion and Analysis for the year ended July 31, 2012 (the "Financial Statements").

Copies of the Financial Statements are available on the SEDAR website at www.sedar.com and on Tolima's website at www.tolimagold.com.

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, which is being rehabilitated. Tolima is continuing to explore opportunities for the acquisition of additional mining interests in prospective mining districts in Colombia.

FOR FURTHER INFORMATION PLEASE CONTACT:
Toronto: Tolima Gold Inc.
Lisa-Marie Iannitelli
+1 647 476 7577
lm@tolimagold.com


Colombia: Tolima Gold Inc.
Marcela Ospina
+57 4 444 7479
mospina@tolimagold.com
www.tolimagold.com