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Colombia Crest Gold Announces New Terms on Venecia Project

Colombia Crest Gold Corp. (CLB.V) announces that cash payments for the Venecia Earn-in Option Agreement dated March 30, 2011 have been renegotiated with Colombian Mines Corp. (CMJ.V). The original terms included a cash payment of US$75,000 on March 30, 2013. The Agreement has been amended to include a cash payment of US$10,000 on April 2, 2013, US$25,000 on July 1, 2013, and US$40,000 on September 30, 2013, plus 180,000 common shares of the Company. All other terms in the original Agreement remain the same - Colombia Crest has the right to earn 75% interest in the 1,985 hectare Venecia Concession.

Colombian Mines is at 43 cents.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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