SOURCE: Colorado Goldfields Inc.

Colorado Goldfields Inc.

December 01, 2009 08:00 ET

Colorado Goldfields Launches Series: "Gold Dynamics in the News" -- Relevant Information for Company Shareholders

LAKEWOOD, CO--(Marketwire - December 1, 2009) - Colorado Goldfields Inc. (OTCBB: CGFIA) announces today the commencement of a continuing series entitled "Gold Dynamics in the News." The series examines current news, opinions, and trends in the gold (and other precious metals) markets, with a special emphasis on their implications for small exploration stage companies such as Colorado Goldfields.

"The most frequent question we receive from shareholders is, 'Gold prices are going up, why not our stock price?'" stated Stephen Guyer, CFO for Colorado Goldfields. "Since no two elements of our economy are connected by a straight line, and there are always a multitude of forces acting upon any one of those elements, we want to provide consolidation and insight to our shareholders that will be both informative and relevant to them."

The gold market is complex and enormous. Each day hundreds of articles, quotes, opinions, and predictions appear in the media. Many have to do with wide macro level behavior in the metals and financial markets. This series will distill that information in a way that is specific to Colorado Goldfields, its operations, and plans for the future. "As a young exploration-stage company, our goal is very focused. Bringing focus to the far-flung array of metals information is not easy," stated Lee Rice, President and CEO of Colorado Goldfields.

One of the primary sources of expert information regarding gold and precious metals comes from Jim Sinclair. Mr. Sinclair (often dubbed "Mr. Gold" or "Gold Guru") is legendary for his remarkably accurate timing regarding the gold bull market of the '70s and is the Founder of and Chairman of Tanzanian Royalty Exploration. It was in January 2003, that Mr. Sinclair launched, "Jim Sinclair's MineSet" (, which now hosts his gold commentary and is intended as a free service to the gold community. (See taped interview of Mr. Sinclair on South African television of 7/16/2009 at:

In response to recent events in Dubai, Mr. Sinclair declared last Friday, "In terms of gold this event is further proof that paper and promises are NOT the stuff money is made of anymore. Those that will come out of the woodwork to call a top in the gold price have little experience in what a top looks like in gold. Let me assure you the action of today contained zero evidence of a top. The dollar will not reverse out of the bear market it is in, nor will gold top here and now. In fact the bear market in the US dollar and the bull market in gold is not only alive and well but in terms of price, young."

Another source especially useful to Colorado Goldfields' shareholders is Joe Battaglia, host of Goldline's American Advisor radio program. Mr. Battaglia said on November 23, 2009, "With huge players in the investment communities such as Einhorn and Paulsen buying enormous quantities of gold totaling billions of dollars, and with Paulsen planning to open a new gold fund in January, it would appear that the odds are that the gold market will continue to move substantially higher. Forecasts of $1,300 to $1,500 do not seem out of the question any longer. They seem like reasonable targets for next year."

What this means for Colorado Goldfields is that the economics of gold exploration and production are increasingly attractive. "It has always been a financial strategy that if you cannot own gold directly, the next best thing is to invest in companies that are in the gold business," stated Stephen Guyer, Colorado Goldfields' CFO. "That makes Colorado Goldfields a ripe candidate for success as we put our investors' money to work in a market that shows exceptional up-side."

About Colorado Goldfields Inc.

Colorado Goldfields Inc. (OTCBB: CGFIA) ( is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.

The Company has made available a current CGFIA Fact Sheet in PDF format at

Notice regarding forward-looking statements

This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.

Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.

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