Upcoming Resource And Feasibility Study For Machacala Project

VANCOUVER, BC - Colombia Crest Gold Corp. reported the newly signed Letter of Intent for the Machacala, Peru project resource and eventual feasibility study are underway.

Bulk samples collected of mine tailings that are from historic production returned values from 1.3 to 2.0 grams per tone gold ( g/T Au ) and 50.8 to 74.0 g/T silver (Ag) have been verified by Affinity Gold Corp's Qualified Person with their own sampling. Meanwhile, sampling in the underground veins that returned average grades of 5.0 g/T Au and 155.0 g/T Ag are currently under review and verification. As well, Affinity is working on a preliminary resource estimate for the veins that have been drilled - which will comply with 43-101 standards for reporting.

The Machacala project is a low-sulphidation epithermal gold-silver-copper deposit located in the District of Carabamba, province of Julcan, and La Libertad region to the North of Peru, at an elevation of 3,300 meters above sea level. The property is approximately 180 kilometers southeast of the city of Trujillo, capital of the region, and 575 kilometers north of Lima, capital of Peru.

The project was most recently explored by Gold Hawk Resources and Meridian Gold between 1997 and 2004 with a total of 8,500 meters in 45 diamond core and reverse circulation drill holes completed. The project has multiple low sulphidation epithermal gold-silver veins on property of which thirteen (13) have been identified and four (4) have been only modestly exploited where average grades are estimated to be 5.0 g/T gold and 155.0 g/T silver.