Colombia Crest Gold Corp.

TSX VENTURE : CLB
PINKSHEETS : ECRTF
FRANKFURT : EAT


Colombia Crest Gold Corp.

February 11, 2014 16:17 ET

Colombia Crest Clarifies Cease Trade Order

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 11, 2014) - Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) reports that the TSX Venture Exchange has suspended trading in the Company's securities as a result of a Cease Trade Order issued by the British Colombia Securities Commission on February 7, 2014. The Cease Trade Order was issued for the failure of the Company to file its audited annual financial statements for the fiscal year ended September 30, 2013, the related annual management's discussion and analysis and the certifications of annual filings, collectively, (the "Documents").

The Company and its external auditor are working diligently to complete and file the Documents, which have been delayed awaiting clarification from accountants in Bolivia of income tax liabilities, if any, related to the 2013 sale of the Company's Bolivian subsidiary.

About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is a minerals exploration company focused on the acquisition, development and monetization of project throughout the Americas.

Forward-Looking Statements

This news release contains forward-looking statements, including predictions, projections and forecasts. In particular, statements in regards to the completion of and related timing of filing of the Documents are considered Forward Looking Statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Colombia Crest to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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