Colombian Mines Completes Oversubscribed First Tranche of $0.30 Financing

Colombian Mines Corporation (TSX VENTURE:CMJ)(FRANKFURT:X6C) ("Colombian Mines"
or the "Company") is pleased to announce that it has completed an oversubscribed
first tranche of the private placement by issuing 3,383,333 Units at $0.30 per
Unit for total gross proceeds of $1,015,000. Each Unit consists of one common
share and one share purchase warrant (the "Warrants"), exercisable to acquire an
additional common share at $0.45 per share for a five year period. The shares,
and any shares issued on exercise of the Warrants, are subject to a hold period
expiring March 15, 2014. Finder's fees equal to six (6) per cent were paid on a
portion of the proceeds. 


The Company expects to close a second tranche of this financing shortly. 

Net proceeds will be used to expand upon the highly successful Phase I drilling
program at the Company's high grade El Dovio gold - polymetallic project and to
advance the high grade Mercedes gold - silver project to a "drill ready" status
and for general working capital. 


About Colombian Mines Corporation: Colombian Mines is an aggressive junior
exploration and development stage company with a distinct "first mover"
advantage in Colombia and one of the largest portfolios of 100% direct owned
mineral assets among comparable companies in Colombia. Focused on developing
shareholder value through exploration and development of key projects, the
Company is also one of Colombia's leading "prospect generators" and applies an
aggressive business model of organic growth through exploration while leveraging
shareholder value through strategic alliances and joint ventures. Colombia is
widely recognized as a highly prospective, under-explored country with
exceptional mineral potential. Further information can be found on our website
at www.colombianmines.com.


Robert G. Carrington, President & CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-Looking Statement

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Colombian
Mines Corporation. Actual results may differ materially from those currently
anticipated in such statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombian Mines Corporation
Sharon Hebgin
Corporate Communications
(604) 649-9195 - Canada
(760) 668-7211 - United States
shebgin@colombianmines.com


Colombian Mines Corporation
Dave Cross
Chief Financial Officer and Corporate Secretary
(604) 558-4300
dcross@crossdavis.com
www.colombianmines.com

Colombian Mines Corporation (TSXV:CMJ)
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