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 made
changes to reduce overhead and land holding costs by dropping non-essential
concessions that are contained within the Fredonia Agreement in Colombia.


The Company has notified it's land holder partner, Grupo de Bullet ("Bullet"),
and Bullet's various subsidiaries that it is no longer interested in holding
five (5) concessions of the 15 contained in the Fredonia Agreement. Colombia
Crest will continue to explore 10 concessions covering a total of 13,324.7
hectares under the Fredonia Agreement. Under the adjacent Venecia Agreement, the
Company still holds an addition 1,983.8 hectares, thus the total land area for
Colombia Crest's Colombian exploration program is 15,107.5 hectares.


"The five concessions were dropped based on our geologic review over the past 12
months of the areas. As part of our strategy to maintain our Colombian program
in working status throughout the market downturn, we are looking at every way
possible to reduce costs, and remain focused," commented Hans Rasmussen, the
Company's President and CEO. "While these are difficult times for junior
explorers, several opportunities will come out of this downturn. We are
reviewing every opportunity possible, while also maintaining a very low
overhead."


Director Changes

Due to increasing demands from his personal businesses, Chris McKellar has
resigned from the Company's Board of Directors.  The Company wishes to thank
Chris for all of his contributions.


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 is currently
carrying on exploration programs at the Fredonia and Venecia projects where it
has optioned over 15,000 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: 604-354-2435
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Chelsea Jones
Corporate Communications
801-554-2074
chelsea@colombiacrestgold.com
www.ColombiaCrestGold.com

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