CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) is pleased to announce that it has
arranged a non-brokered private placement of units (each a "Unit") at the price
of $0.05 per Unit to raise gross proceeds of $146,000. Each Unit will be
comprised of one common share and one transferable share purchase warrant. Each
warrant will entitle the holder to purchase one additional common share at the
price of $0.10 for one year after Closing, $0.15 during the second year after
Closing and $0.20 during the third year after Closing.


Proceeds from the financing will be used for general working capital. The
Company has agreed to pay finder's fees in respect of a portion of the financing
in accordance with the policies of the TSX Venture Exchange. The proposed
private placement and finder's fees are subject to TSX Venture Exchange
acceptance. All shares issued pursuant to the offering, and any shares issued
pursuant to the exercise of warrants will be subject to a four-month hold period
from the Closing date. 


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in Colombia. The Company employs a team
of seasoned geologists, many with 20+ years of experience exploring and
discovering porphyry deposits around the world, including Argentina, Peru,
Ecuador, Mexico, Alaska, Indonesia, and Eastern Europe. 


The Company is currently carrying on exploration programs at the Fredonia and
Venecia projects where it has optioned over 27,700 hectares located
approximately 40 km south of the city of Medellin, in Antioquia Province. The
properties are positioned within the Middle Cauca Belt, the most prolific gold
belt in Colombia with more than 500 years of gold mining history and several new
gold discoveries. 


If you would prefer to receive news releases via email please contact Colombia
Crest (info@ColombiaCrestGold.com) and specify "Colombia Crest news" in the
subject line.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombia Crest Gold Corp.
Hans Rasmussen
President and CEO
604-684-7160 or Cellular: 801-554-2074
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Chelsea Jones
Corporate Communications
Cellular: 604-354-2435
chelsea@colombiacrestgold.com
www.ColombiaCrestGold.com

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