CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT), as a result of a review by the
British Columbia Securities Commission,  is amending its NI 43-101 report:
"Technical Report, Colombia Crest Gold Corp., Fredonia and Venecia Prospects,
Antioquia Department, Colombia" by Dr. Thomas Henricksen (the "Report"), dated
March 30, 2013. The report contains several deficiencies, including the author's
representation as a Qualified Person ("QP") under NI 43-101. The amended report
is now in progress by John Bolanos, the Company's QP. 


The Company also acknowledges that its disclosure information on the website is
out of date. To correct this issue, the Company is in the process of updating
its content, including changes to the management team, corporate presentation
and project status. Recent changes to management include Tom Pladsen's
resignation from the Board of Directors. The Company wishes to thank Mr. Pladsen
for his time and efforts in advising the Company.


Another point that requires clarification is the "target" disclosed in the
Corporate Presentation dated July 2013, posted on the company's website, which
disclosed large fixed tonnage and gold ounce quantities with a fixed gold grade.
The company retracts this estimate, and clarifies that the property contains no
valid estimates of mineral resources, and there is currently insufficient
exploration information and data to estimate ranges of tonnage and grade of
potential exploration targets. In addition, the prior disclosure of a target was
not compliant with NI 43-101 because it did not apply ranges of quantity and
grade and omitted prominent cautionary language required by NI 43-101 for all
disclosure of exploration targets. 


The Company reports that it was unable to complete the proposed private
placement as previously announced on August 1, 2013 in which the Company had
intended to raise up to $300,000 at a purchase price of $0.015 per unit. Due to
lack of funds, the Company has notified Bullet Holding Corp. of its decision not
to incur any additional expenditures on the Fredonia property, Colombia.
Colombia Crest will retain a 50% interest in the Fredonia property subject to
potential dilution if property expenditures are incurred by Bullet or associated
companies in the future. 


John Bolanos, a qualified person under NI 43-101 guidelines, has reviewed and
approved the technical content of this news release and will work with the
Company to amend its Technical Report and Website. Mr. Bolanos is a consultant
to the Company and was formerly Vice President of Exploration for the Company.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on the acquisition, development and
monetization of exploration project throughout the Americas with a focus on
Colombia. 


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.


Please visit the Company's website at www.ColombiaCrestGold.com. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombia Crest Gold Corp.
Hans Rasmussen
Director
Cellular: 801-554-2074
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Chelsea Jones
Corporate Communications
Cellular: 406-360-0434
chelsea@colombiacrestgold.com
www.ColombiaCrestGold.com

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