Colombia Crest Gold Announces Amendment to Private Placement Financing

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) reports that the non-brokered
private placement of units (each a "Unit") announced on June 4, 2013 and
conditionally accepted by the TSX Venture Exchange on June 7, 2013, to raise
gross proceeds of $281,000, has been re-priced to $0.015 per Unit. 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 $0.05 for one year after Closing, $0.10 during the second
year after Closing and $0.15 during the third year after Closing.


Proceeds from the financing will be used for the purposes set out in the
Company's June 4, 2013 release. The Company has agreed to pay finders' 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 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. 


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subject line.


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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombia Crest Gold Corp.
Hans Rasmussen
President and CEO
Office: 604-684-7160 or Cellular: 801-554-2074
[e-mail]


Colombia Crest Gold Corp.
Chelsea Jones
Corporate Communications
Cellular: 604-354-2435
[e-mail]
www.ColombiaCrestGold.com