Colombian Mines Corporation
TSX VENTURE : CMJ

Colombian Mines Corporation

November 23, 2009 07:30 ET

Colombian Mines Corp. Awarded Licenses on Trend With California District

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 23, 2009) - (TSX VENTURE:CMJ) – Colombian Mines Corporation ("Colombian Mines" or "the Company") is pleased to announce that it has been awarded new licenses in the Rio Negro area of northern Colombia. A compilation of geologic mapping by the government agency Ingeominas and known gold mine locations in the California Mining District to the northeast, suggest that the Rio Negro Property may be on trend with exploration and development properties controlled by Greystar, Ventana, and Galway Resources.

The Company's wholly owned Colombian Subsidiary, Corporacion Minera de Colombia (CMC), has been granted 3,000 hectares (7,413 acres) in the area of the Colombian town of Rio Negro. These licenses comprise a single contiguous exploration block located about 23 kilometers to the southwest of the town of California and have easy access from the city of Bucaramanga 15 kilometers to the south. CMC made application for the licenses in 2007.

Mapping and geologic studies by Ingeominas indicate that the intrusive bodies found in the Rio Negro license area are closely related in age and composition to those found in the California District and that are known to be associated with Greystar's Angostura and Ventana's La Bodega/La Mascota discoveries. Gold mineralization in the California district is known to include a primary system of Northeast trending faults that host higher grade gold mineralization at the deposit scale and control gold deposit locations on a regional scale. Ongoing mapping by company geologists has confirmed areas of intrusive rocks similar to those found in the California District.. Outcrop sampling for precious metals has recently been initiated on a reconnaissance level to augment the geologic mapping. Positive results from this initial program will be followed up with more detailed rock and soil sampling.

Mr. Robert G. Carrington, P.Geo., a Qualified Person as defined by National Instrument 43-101 and President of the Company, has reviewed and verified the technical information contained in this news release.

About Colombian Mines Corporation

Colombian Mines Corporation is focused on the acquisition, exploration and development of high quality mineral properties in Colombia with near to intermediate term production potential. Colombia is increasingly recognized as a highly prospective, yet under-explored country with excellent discovery potential. Further information can be found on our website at www.colombianmines.com.

Robert G. Carrington, President

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.

The TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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