Colombia Crest Gold Announces Loan Financing

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) reports that it has entered into
an agreement for a US$100,000 bridge loan (the "Loan") on the following terms:


1. The Loan will be repayable on demand, without interest, at any time after
December 7, 2013. The Loan will not bear interest and will not be convertible. 


2. As consideration for the Loan, the Company will issue 400,000 shares to the
lender. The shares will be subject to a four month hold period after the date of
the Loan advance.


3. As security for repayment of the Loan, the Company will assign to the lender
the US$100,000 payment which will become due to the Company from Steinmar Ltda.
("Steinmar") on December 14, 2013 pursuant to that certain Share Purchase
Agreement dated December 14, 2012 between the Company and Steinmar. 


The proposed Loan is subject to acceptance by the TSX Venture Exchange. The
lender is at arm's length from the Company. The Company intends to repay the
Loan using funds to be raised by way of brokered and/or non-brokered private
placements over the balance of 2013 or, in the alternative, by paying to the
lender the US$100,000 payment due from Steinmar on December 14, 2013. No
finder's fee will be paid in connection with the Loan.


The Company is borrowing the subject funds for working capital. It has recently
filed notice of a proposed $281,000 working capital private placement with the
Exchange (new release dated June 4, 2013), but requires additional funds to
maintain its assets and operations. The private placement remains subject to
acceptance by the 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 27,700 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 (info@ColombiaCrestGold.com) 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
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Chelsea Jones
Corporate Communications
Cellular: 604-354-2435
chelsea@colombiacrestgold.com
www.ColombiaCrestGold.com

Colombia Crest Gold Corp. (TSXV:CLB)
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