Colombia Crest Provides Further Clarification of Machacala, Peru Deal

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) wishes to clarify in its newly
signed Letter of Intent for the Machacala, Peru project that a resource and
eventual feasibility study are underway. Statements made in the prior news
release today regarding potential production and cash flow are not supported by
a current resource estimate or a feasibility study and there is no certainty
future mining operations will be economically viable until such estimates are
completed.


Bulk samples collected of mine tailings that are from historic production
returned values from 1.3 to 2.0 grams per tonne gold ("g/T Au") and 50.8 to 74.0
g/T silver ("Ag") have been verified by Affinity Gold Corp's Qualified Person
with their own sampling. Meanwhile, sampling in the underground veins that
returned average grades of 5.0 g/T Au and 155.0 g/T Ag are currently under
review and verification. As well, Affinity is working on a preliminary resource
estimate for the veins that have been drilled - which will comply with 43-101
standards for reporting. 


All technical data in this news release and the prior news release today has
been approved by A. David Heyl, B.Sc., C.P.G., QP who is a Certified
Professional Geologist and Qualified Person under NI 43-101. With over 25 years
of field and upper management experience, Mr. Heyl has a solid geological
background in generating and conducting exploration and mining programs for
gold, rare earth metals, and base metals, resulting in several discoveries.
David has 20 years of experience in Peru. He worked for Barrick Gold, was the
exploration manager for Southern Peru Copper, and spent over ten years working
in and supervising underground and open pit mining operations in Peru


About Machacala, Peru

The Machacala project is a low-sulphidation epithermal gold-silver-copper
deposit located in the District of Carabamba, province of Julcan, La Libertad
region to the North of Peru, at an elevation of 3,300 metres above sea level.
The property is approximately 180 kilometres southeast of the city of Trujillo,
capital of the region, and 575 kilometres north of Lima, capital of Peru.


The project was most recently explored by Gold Hawk Resources and Meridian Gold
between 1997 and 2004 with a total of 8,500 metres in 45 diamond core and
reverse circulation drill holes completed. The project has multiple low
sulphidation epithermal gold-silver veins on property of which thirteen (13)
have been identified and four (4) have been only modestly exploited where
average grades are estimated to be 5.0 g/T gold and 155.0 g/T silver.


About Affinity Gold Corp

Affinity Gold Corp. is a mineral exploration and development company engaged in
the acquisition and development of near-term precious mineral production
properties within Peru. Affinity Gold Corp.'s primary focus is on developing
assets that have demonstrated historical production, contain documented and
reliable data and can reasonably begin producing within 12-18 months at a cost
of less than $900 per gold equivalent ounce.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in the Americas. 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 (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
Office: 604-684-7160
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

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