CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) wishes to announce that effective
September 9th, the Company's President and CEO, Hans Rasmussen, will depart his
role while remaining a Director of the Company. The Board wishes to thank Mr.
Rasmussen for his time and expertise in reorganizing the Company over the past
seven years.


Mr. Rasmussen has been with Colombia Crest since becoming a Director in late
2006, and later assuming the role of President in January 2007, and eventually
CEO. Mr. Rasmussen will assist the Board in finding a new executive to lead
Colombia Crest as it considers acquiring new exploration assets in Peru.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in the Americas. The Company is currently
evaluating the Machacala Project, Peru and is reviewing its Fredonia Project,
Colombia, which comprises over 13,000 hectares under option located
approximately 40 km south of the city of Medellin, in Antioquia Province. The
Colombia 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.


FORWARD LOOKING STATEMENTS

This news release contains forward-looking statements, including predictions,
projections and forecasts. Forward-looking statements include, but are not
limited to the success of the Colombia Crest of finding a replacement executive
to lead the Company and the potential for acquiring an interest in the Machacala
Project, Peru. Forward-looking statements include, but are also not limited to
the success of exploration activities at its Colombia exploration properties
including the Fredonia Project and associated development prospects, and
potential production. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "planning", "expects" or "does
not expect", "continues", "scheduled", "estimates", "forecasts", "intends",
"potential", "anticipates", "does not anticipate", or "belief", or describes a
"goal", or variation of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. 


Forward-looking statements involve known and unknown risks, future events,
conditions, uncertainties and other factors which may cause the actual results,
performance or achievements to be materially different from any future results,
prediction, projection, forecast, performance or achievements expressed or
implied by the forward-looking statements. Such factors include, among others,
the results of due diligence activities, changes in economic parameters and
assumptions, the interpretation and actual results of current exploration
activities; changes in project parameters as plans continue to be refined; the
results of regulatory and permitting processes; future prices of gold; possible
variations in grade or recovery rates; failure of equipment or processes to
operate as anticipated; labour disputes and other risks of the mining industry;
the results of further economic and technical studies, delays in obtaining
governmental approvals or financing or in the completion of exploration, as well
as those factors disclosed in Colombia Crest's publicly filed documents.


Although Colombia Crest has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements.


Neither the 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: 
Colombia Crest Gold Corp.
Hans Rasmussen
President and CEO
Office: 604-684-7160
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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