Colombia Crest Gold Corp. Warrant Extension Approved

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) is pleased to report that it has
received the consent of the TSX Venture Exchange to extend the exercise terms of
certain outstanding share purchase warrants by one additional year. The warrant
extension was originally announced on November 14, 2011.


The 1,100,000 warrants outstanding pursuant to a private placement completed on
December 4, 2009 will now be exercisable to purchase up to 1,100,000 shares at
the price of $0.75 per share until December 4, 2012. An additional 1,060,000
warrants outstanding pursuant to a private placement completed on December 24,
2009 will now be exercisable to purchase up to 1,060,000 shares at the price of
$0.75 per share until December 24, 2012.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in Colombia as well as realizing the
potential of its 100 percent-owned San Simon project in Bolivia. The Company
employs a team of seasoned geologists, each with 20+ years of experience
exploring and discovering this type of porphyry deposit around the world,
including Argentina, Mexico, Alaska, Indonesia, and Eastern Europe. 


Along with a strong working capital position, the Company will accelerate the
exploration programs at the Fredonia and Venecia projects where it has optioned
over 34,000 hectares located in the Cauca River Valley. Situated approximately
40 km south of the city of Medellin, in Antioquia Province, the properties are
positioned within the Middle Cauca Belt, which is the most prolific gold belt in
Colombia with more than 500 years of gold mining history and a several new gold
discoveries. 


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