SOURCE: Colombia Goldfields Ltd.

December 01, 2005 07:30 ET

Mining Veteran Joins Board of Colombia Goldfields

VANCOUVER, BC -- (MARKET WIRE) -- December 1, 2005 -- Colombia Goldfields Ltd. (OTC BB: CGDF) is pleased to announce the appointment of Mr. Robert Van Tassell of High River, Alberta as a new Director to the Company's Board of Directors.

Mr. Van Tassell has not had any material direct or indirect interest in any of our transactions or proposed transactions over the last two years.

Prior to his retirement in 1998, Mr. Van Tassell was involved in the Canadian mining industry for 42 years; the last 16 of which was spent as Vice President of Exploration for Dickenson Mines/Goldcorp Inc. Mr. Van Tassell is a life member of the CIM, a member of the Association of Applied Geochemists and the Geological Association of Canada.

"We are very excited to have someone of Robert's caliber working with us both to establish the full potential of our Colombian gold projects and to bring his strong geological and business experience to our Board," stated Dan Hunter, CEO of Colombia Goldfields.

For the full terms, interested investors are encouraged to review the company's recent 8-k filing at www.sec.gov and visit our website at www.colombiagoldfields.com.

About Colombia Goldfields:

Colombia Goldfields intends to acquire and develop a portfolio of advanced precious metals projects in the underdeveloped mineral-rich country of Colombia. Previous to this announcement, the company acquired an option on three advanced projects located approximately 6 kilometers from the base of Marmato Mountain. The company can earn a 100% interest in the projects, known as the Caramanta concessions, by spending USD$3milion over a three-year period. The Company has also announced the signing of a Letter of Intent ("LOI") with Investcol Limited, ("Investcol"), a private Belize company, to acquire up to 100% of Investcol's wholly owned Belize subsidiary which holds valid mining licenses in properties located in Colombia and referred to as the Zona Alta portion of the Marmato project.

On behalf of the board

Daniel Hunter -CEO
Colombia Goldfields Ltd. (OTC BB: CGDF)

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