CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINK SHEETS:ECRTF)(FRANKFURT:EAT) is pleased to provide an
exploration update on its Fredonia and Venecia properties in Colombia, South
America and announce the hiring of 3 new members to its technical team. The
airborne geophysics survey commissioned over the Fredonia and Venecia projects
is now completed. After recently combining the geophysical data with the
Company's geochemical database, nine new, high-quality porphyry gold-copper
targets have been identified; seven on the Fredonia property and two at Venecia.
The target areas, each of which cover between three and ten square kilometres,
have already been prioritized for follow up field work. Concurrently, Colombia
Crest has signed on three new members to its field technical team in Colombia to
rapidly evaluate the target areas. Mr. Gonzalo Lemuz is appointed Country
Manager of Colombia, Mr. Carlos Moncayo is appointed Exploration Manager, and
Dr. Richard Jemielita has assumed the role of Qualified Person ("QP") and
technical consultant to the Company. 


'We are very excited about the nine target areas - based on my geophysical
background and prior discovery experiences while working for Rio Tinto in North
and South America, our new targets have all the qualities that indicate porphyry
gold-copper systems could exist in the Fredonia and Venecia concessions," states
Hans Rasmussen, President and CEO of Colombia Crest Gold. "In addition, we are
very lucky to get the three new members of our technical team - they are highly
respected in their field of discipline and together encompass almost 70 years of
geological and management experience in the South American Andes Mountains. With
the abundant knowledge and discovery experience of Gonzalo, Carlos, and Richard,
our new Colombia Crest exploration team is unmatched to achieve our goals for a
major porphyry gold discovery."


Exploration Update

The Company contracted MPX Geophysics Ltd. to acquire 5,103 line kilometres of
high-resolution airborne magnetic and radiometric data. Data was collected with
a helicopter along flight lines that were flown in an east-west direction,
100-metres apart, in an attempt to map the distribution of porphyry-related
intrusions that may contain gold within the belt. Known faults that control gold
mineralization trend north-south and northwest-southeast. The flight lines were
designed to appropriately resolve these faults as well as any porphyry-related
magnetic anomalies, which tend to be circular magnetic highs, typically only 200
to 800 metres in diameter.


"There have been three new discoveries of gold mineralization on properties
nearby that confirm strong porphyry gold-copper systems in the area - these can
be use to calibrate our geophysical data," comments Hans Rasmussen. "At La Mina
for example, Bellhaven Resources intercepted 230 metres of 0.99 grams per tonne
gold and 0.3 percent copper (see new release April 5, 2011). Based on our new
airborne geophysical data we can project the same mineralized structures with
discrete magnetic highs onto our Fredonia concessions where we have the same
magnetic patterns."


The nine high-quality targets areas mentioned above were defined through the
detailed integrating of the new airborne magnetic and radiometric data, along
with stream sediment sampling data for gold and copper values, and the
interpretation of geologic maps and fault intersections analysis from satellite
maps. Each of the targets have been prioritized for field follow up. Highest
priority was given to targets with the best results from each of the data groups
mentioned above, including mineral title and surface ownership as a prioritizing
criteria.


Following are a few note worthy points about the target zones:



--  The highest-priority target is located partially on Venecia and
    partially on Fredonia concessions, west of La Mina (Bellhaven
    Resources); it has 50 to 3,600 parts per billion ("pbb") gold from
    surface sampling over a 4 square kilometre area, at least two discrete
    magnetic highs and strong faulting. 
--  The second high-priority target is located near Titiribi (Sunward
    Resources) and has small east-west trending magnetic highs which are on
    trend with a +160 ppb gold anomaly in soil sampling. 
--  The third high-priority target is located on the eastern portion of the
    Fredonia project near the north-south trending regional Romeral fault
    where a cluster of strong magnetic highs are coincident with a 1,400 ppb
    gold anomaly from stream sediment samples. 



Ground work currently being conducted includes geological mapping and rock chip
sampling to identify any obvious mineralized outcrops, followed by
stream-sediment and soil sampling to identify those more specific areas of gold
mineralization under partial cover.


New members of the Technical Team:

Gonzalo Lemuz is a Geologist (B.Sc.) and has 20 years of General Management,
Exploration Management and Geological experience with LatinGold Ltd.,
AngloGold-Ashanti and various other junior and major exploration companies.
Gonzalo began his career with Newmont in Bolivia and now resides in Lima, Peru.
Gonzalo remains an active member of the Bolivian Geological Society, Mining
Society of Bolivia and Mining Society of Peru.


Carlos Moncayo is a Geologist (M.Sc. Mining Engineering) and has almost 20 years
of Exploration Management and Geological experience most extensively for Gold
Fields South Africa all over South America, as well as for IAMGOLD, Mercer Gold,
Andean Gold, Ascendant Copper and Ascendant Explorations, and various other
junior exploration companies. Carlos began his career with Gold Fields in
Ecuador, where he still resides.


Dr. Richard Jemielita is a Geologist (B.Sc./PhD) with 30 years of professional
experience in international mineral exploration. His career has featured such
positions as Exploration Manager for Patagonia Gold S.A, in Argentina, Economic
Geologist/Senior Scientific Officer for the British Geological Survey in
Ecuador, and an independent consultant for mining companies and government
organizations. Richard's mining industry experience has equipped him with
extensive knowledge of North, South and Central America, as well as Australasia,
Europe and North Africa.


The technical information in this news release has been reviewed and approved by
Dr. Richard Jemielita, a technical consultant who is a Qualified Person in
accordance with National Instrument 43-101 Standards of Disclosure for Mineral
Projects.


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. Industry
experts with three decades of gold discoveries head up both the management and
technical teams at Colombia Crest Gold.


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 17,000 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.


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.


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

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