Colombia Crest Gold Accelerates Drill Program At The Arabia Target, Colombia

VANCOUVER, BC - Colombia Crest Gold Corp. reported that is has signed a 2,000 metre minimum diamond drilling contract with AK Drilling International, S.A.S., adding to its existing 3,000 metre drill program with Canadian Drill Corporation to drill a total of 5,000 metres. With a second drill rig, the Company will accelerate the completion of its 5,000-metre, Phase I drill program within the Arabia Porphyry Complex. To facilitate a second rig, the Colombian environmental agency, Corantioquia, granted the Company its water pumping permit on July 13. The permit allows water to be pumped from local creeks to supply diamond drilling operations over a period of 14 months.

"Based on drill core logs from our first five holes at Arabia, we are eager to add a second drill rig to accelerate the program," commented Hans Rasmussen, President and CEO. "We are really pleased by our visual observations of the core. All holes drilled to date exhibit intense hydrothermal alteration and disseminated sulfide mineralization suggesting the core intersects porphyry style disseminated gold mineralization. Each hole we drill improves our understanding of the size, zonation and intensity of the gold-rich porphyry copper system. The water pumping permit required about five months to process, and is essential for the addition of the second diamond drill rig to accelerate the program".

AK Drilling is currently mobilizing a Sandvik DE710 track mounted diamond drill rig with capacity to drill 680 metres of HQ sized core and 1,000 metres of NQ sized core. The addition of the powerful track mounted rig will significantly boost meterage and accelerate progress towards the initial goal of 5,000 metres of drilling. AK Drilling also plans to mobilize a Hydracore 4000 man portable rig once available to test areas unreachable by existing roads.

The company's address is 1055 West Hastings Street, Suite 300, Vancouver, BC V6E 2E9, 604.684.7160, email: [email protected].