CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) announced today that its board of
directors has approved the grant of incentive stock options to an officer of the
Company for the purchase of up to 250,000 common shares of Colombia Crest at a
price of $0.25 per share expiring November 8, 2017.


Further to the Company's news release dated October 16, 2012, incentive stock
options have also been granted to Torrey Hills Capital, Inc., a public relations
firm, for the purchase of up to 200,000 common shares of the Company at a price
of $0.25 per share expiring November 8, 2014. These options are vested over a
one-year period with 50,000 options becoming exercisable every three months
commencing February 8, 2013.


These incentive options as announced are subject to acceptance by the TSX
Venture Exchange.


Any shares issued to directors and officers pursuant to the exercise of options
granted to them will be subject to a four month hold period commencing on the
date of the grant. Shares issued to other optionees on the exercise of such
options will not be subject to any hold period.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in Colombia as well as realizing the
potential of its 100 percent-owned San Simon project in Bolivia. The Company
employs a team of seasoned geologists, each with 20+ years of experience
exploring and discovering porphyry deposits around the world, including
Argentina, Peru, Ecuador, Mexico, Alaska, Indonesia, and Eastern Europe. 


The Company is currently carrying on exploration programs at the Fredonia and
Venecia projects where it has optioned over 30,973 hectares located
approximately 40 km south of the city of Medellin, in Antioquia Province. The
properties are positioned within the Middle Cauca Belt, which is the most
prolific gold belt in Colombia with more than 500 years of gold-mining history
and several new gold discoveries. 


If you would prefer to receive news releases via email please contact Colombia
Crest (info@ColombiaCrestGold.com) and specify "Colombia Crest news" in the
subject line.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombia Crest Gold Corp.
Hans Rasmussen
President and CEO
Office: 604-684-7160
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Dan Fish
Manager, Corporate Communications
Direct: 1-888-228-4305
dan@colombiacrestgold.com
www.ColombiaCrestGold.com

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