Colombia Crest Gold Announces Closing of Private Placement

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX VENTURE:CLB)
(PINKSHEETS:ECRTF) (FRANKFURT:EAT) reports that the non-brokered private
placement of units (each a "Unit") announced on June 24, 2013 was completed on
July 15, 2013. The Company issued 9,733,333 Units at the price of $0.015 per
Unit to raise gross proceeds of $146,000. Each Unit is comprised of one common
share and one transferable share purchase warrant. Each warrant entitles 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 following purposes:



Finder's Fee                                                      $    7,000
Field costs - Colombia                                                49,165
Payroll - Colombia                                                    54,463
Office - Colombia                                                     20,091
Assays - Colombia                                                      2,500
Accounting/legal/taxes - Colombia                                     10,559
Environment - Colombia                                                 2,222



The Company has paid a cash finder's fee in the amount of $7,000 and issued
finder's warrants exercisable to purchase up to 466,667 shares for $0.10 each
for a period of two years after Closing. All shares issued pursuant to the
offering, and any shares issued pursuant to the exercise of warrants or finder's
warrants will be subject to a four-month hold period from the Closing date, and
may not be traded until November 16, 2013. 


EuroSwiss Capital Agreement Options

Further to the news release dated July 2, 2013, Colombia Crest is pleased to
announce that the Company has granted incentive stock options to Euroswiss
Capital Partners for the purchase of up to 200,000 common shares of Colombia
Crest at a price of $0.10 per share expiring July 2, 2016. These options are
vested over a one-year period with 50,000 options becoming exercisable every
three months commencing October 2, 2013.


These incentive options as announced are subject to acceptance by the TSX
Venture Exchange.


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 ([e-mail]) 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
[e-mail]


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