Mr. Ravi Sood reports

GOLCONDA GOLD GRADUATES TO TRADING ON THE OTCQX

Golconda Gold Ltd. qualified and begun trading today on the OTCQX Best Market.

The OTCQX Market is designed for established, investor-focused United States and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among United States investors.

Ravi Sood, chief executive officer of the company, commented: "We are very pleased to have graduated to OTCQX, an important milestone as the company continues its growth. The admission to OTCQX comes at an opportune time as the company looks to focus on the U.S. markets, increasing access to and visibility of our shares to U.S. investors, as we restart our Summit gold and silver mine in New Mexico, U.S."

About Golconda Gold Ltd.

Golconda Gold is an unhedged gold producer and explorer with mining operations and exploration tenements in South Africa and New Mexico. Golconda Gold is a public company and its shares are quoted on the TSX Venture Exchange under the symbol GG and the OTCQX under the symbol GGGOF. Golconda Gold's management team comprised senior mining professionals with extensive experience in managing mining and processing operations and large-scale exploration programs. Golconda Gold is committed to operating at the highest standards, focused on the safety of its employees, respecting the environment and contributing to the communities in which it operates.

We seek Safe Harbor.