Welcome to Colombia Crest Gold Corp!

In 2011, Colombia Crest had a stellar year - perhaps the most significant year in the history of the Company.  Sufficient funding of CDN $6.4 million was raised after acquiring two large land packages totaling over 34,000 hectares in Colombia’s prolific Middle Cauca Belt. Our highly focused technical team has identified over 20 prospective porphyry gold targets of which five have gold mineralization on surface. IAMGOLD participated in a private placement for 14.5% of the company with the right to attain 19.9% ownership. We have identified the first two drill targets with gold in rock chips and soils and initial drilling of these two large gold anomalies will begin in late first quarter 2012.  What a year 2011 was and with great expectations, we move into 2012.

Our Targets

By late 2011, Colombia Crest field crews detected, mapped and sampled two large porphyry gold anomalies in the Venecia and Fredonia projects; the area was named Arabia.  Rock chip results returned up to 3.8 grams per tonne gold, coincident with potassic-altered porphyry outcrops.  One month later, assay results were received from 1,132 soil samples and showed two distinctly anomalous gold zones (defined as areas greater than 40 parts per billion "ppb"). The first anomalous area, named Arabia 1, covers almost 400 by 800 metres, while the second area, named Arabia 2 and located about one kilometre to the southwest, covers about 300 by 400 metres. As is typical of porphyry gold-copper systems of the region, the gold anomalies have coincident copper and molybdenum anomalies.

Also in late 2011, two more porphyry gold targets were identified in the Titiribi area, about 5 kilometres southeast of the Cerro Vetas porphyry gold resource recently announced by Sunward Resources Ltd.  Both new targets will be explored in 2012 with crews beginning to sample and map the 44 hectare (108+ acres) concession.  The concession is one of 16 that are part of the earn-in agreement between Colombia Crest and Grupo de Bullet, named Fredonia. Magnetic anomalies, overlapping gold-copper-molybdenum in soils, and recent drill holes announced on the adjacent Sunward concessions indicates potential for two porphyry gold targets on Colombia Crest's concession. 

IAMGOLD

In November, IAMGOLD made a private placement for 14.5% of the company - warrants outstanding, priced at CAD$0.35/share, when exercised will achieve 19.9% ownership.  Soil results from Arabia followed the placement; therefore, IAMGOLD geologists made their recommendations for this placement based on the technical merits of the project without a single drill hole to date.  This placement gave the project immediate credibility in the market place and strong financial support for the drill program in 2012.  As part of the agreement, Colombia Crest has formed a technical advisory team that includes representatives from both IAMGOLD and Colombia Crest.  Building on Colombia Crest's community relations and social responsibility programs, IAMGOLD has added support to this important program.

Drilling is next

Field crews are preparing the drill sites and access at Arabia Targets 1 and 2 in advance of a 5,000 metre drill program which is planned to commence in late first quarter 2012.  Energold Drilling was awarded the contract and will supply a single man-portable diamond core drill rig, capable of holes going to depths of 200 to 500 metres.  Drill sites were located by the Company's technical team on areas thought to have strong porphyry gold style mineralization based on soil assays, rock chip assays and alteration mapped in outcrop.

Bolivia

Since the capital markets crisis of October 2008, the Company has terminated expensive exploration activities at its 100% owned San Simon project, Bolivia, while performing low-cost surface exploration on mineralized zones thought to have future resource potential.  Shifting the Company focus towards exploration in Colombia, the Company has initiated discussions with a small-scale mining company to develop the Trinidad-Mina Vieja portion of the project, where the NI 43-101 resource calculation was completed in December 2010.

2012

With the Colombian projects moving forward to drill stage and Colombia Crest fully financed, the Board of Directors and management have a new vigor.  The equity and capital markets are rewarding positive exploration results from Colombia as evidenced by the market valuations of our neighboring competitors who have announced drill results.  At a time when gold increasingly remains the investment of choice above all other asset classes it looks like 2012 will be a year of success, after a year of advancements in 2011.

Keep in Touch

Whether you’re a current shareholder or new to the Company, we hope to provide you with up-to-date and relevant information on what’s happening at Colombia Crest and the countries we work in. I encourage you to visit our website often and sign up for email updates on our homepage, which will offer you news as it’s released as well as inform you about upcoming investor shows we’ll be attending.

The best is yet to come,

Hans Rasmussen

President, CEO and Director