Ecrtf: Pink Sheets Colombia Crest Concludes Earn‐in Agreement for the Venecia Project, Colombia

August
29,
2013
 CLB:
TSX.VENTURE
 NEWS
RELEASE
 EAT:
FE.FRANKFURT
 ECRTF:
PINK
SHEETS


COLOMBIA
CREST
CONCLUDES
EARN‐IN
AGREEMENT
FOR
THE
VENECIA
PROJECT,
COLOMBIA



August
29,
2013.

VANCOUVER,
BC
‐
Colombia
Crest
Gold
Corp.
(“Colombia
Crest”;
the
“Company”)
(TSX‐V:
 CLB;
Pink
Sheets:
ECRTF;
Frankfurt:
EAT)
wishes
to
announce
that
effective
today,
the
Company
has
concluded its
option
 to
purchase
agreement
for
 the
 1,985
hectare
Venecia
 Project
with
Colombian
 Mines
 Corporation (TSX‐V;
CMJ)
for
reasons
of
cash
flow
and
maximizing
exploration
properties
held
by
Colombia
Crest.

As
announced
on
August
1,
2013,
as
a
result
of
a
US$25,000
partial
cash
payment
originally
due
March
30, 2013
 that
 had
 been
 extended,
 as
 previously
 announced,
 and
 was
 due
 in
 July,
 Colombia
 Crest
 was
 given
 a notice
of
default
of
the
Venecia
Agreement
and
was
provided
30
days,
to
rectify
the
default.

The
Company was
not
able
to
meet
this
obligation
and
has
decided
instead
to
prioritize
its
funding
and
exploration
efforts
on the
Fredonia
Project
and
the
evaluation
of
the
Machacala
Project,
Peru
(news
release
dated
August
16,
2013).

“As
announced
on
August
1^st,
we
did
everything
in
our
power
to
raise
the
funds
needed
to
meet
this
obligation in
order
to
continue
with
work
on
Venecia,”
commented
President
and
CEO
Hans
Rasmussen.

“In
2012,
we
did an
 aggressive
 6,500‐metre
 drill
 program
 and
 despite
 a
 new
 porphyry
 gold‐copper
 discovery
 at
 the
 Arabia Target
area,
the
market
didn’t
reward
us
‐
given
the
market’s
support
for
near‐term
production
and
high‐grade gold
resources,
we
have
decided
to
focus
our
limited
resources
on
the
evaluation
of
Machacala,
and
consider ways
 to
 explore
 or
 monetize
 our
 various
 concessions
 that
 are
 still
 held
 under
 the
 Fredonia
 Agreement
 in Colombia.”

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
 evaluating
 the
 Machacala
 Project,
 Peru
 and
 is reviewing
 its
 Fredonia
 Project,
 Colombia,
 which
 comprises
 over
 13,000
 hectares
 under
 option
 located approximately
 40
 km
 south
 of
 the
 city
 of
 Medellín,
 in
 Antioquia
 Province.
 
 The
 Colombia
 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
 ([email protected])
and
specify
“Colombia
Crest
news”
in
the
subject
line.


For
more
information,
please
contact:


Hans
Rasmussen
 Chelsea
Jones

President
and
CEO
 Corporate
Communications


Office:
604‐684‐7160

 
 Cellular:
604‐354‐2435 Cellular:
801‐554‐2074
 
 E‐mail:
[email protected] E‐mail:
[email protected]

Please
visit
the
Company’s
website
at
www.ColombiaCrestGold.com.