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Colombia Crest Provides Corporate Update

Announces New CEO and Appoints New Director

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/20/14 -- Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX VENTURE: CLB)(PINKSHEETS: ECRTF)(FRANKFURT: EAT) is pleased to report that the annual audited financial statements for the fiscal year ended September 30, 2013 and the related annual management's discussion and analysis have been completed and filed with SEDAR and a request has been made to the British Columbia Securities Commission to revoke the cease trade order issued against the Company. Once the cease trade order has been revoked, the Company will commence its application to the TSX Venture Exchange for reinstatement in the trading of its securities.

The Company is also pleased to announce the following appointments:

Mr. Walter Lienhard has been appointed CEO, on an interim basis, to replace Mr. Hans Rasmussen. Mr. Lienhard received a B. Sc. Degree in geology from the University of Arizona and has over 25 years of international exploration experience working with a major mining company and junior exploration companies. Mr. Lienhard joined the Company in 2007 as Vice-President of Exploration and New Business Development. He is fluent in Spanish and has managed the Company's exploration projects in Bolivia and Colombia.

Mr. Michael Ginn has been appointed a director for the Company. Mr. Ginn is a businessman who has owned successful telecommunications companies in Vancouver, BC, Canada and Hong Kong. His Canadian company was sold to a national telecom company in the 1980s. In Hong Kong, he was one of the cofounders of a telecommunications business that has today become one of Asia's largest telecom companies. Since selling his Hong Kong interest, he has been providing consulting services in China for more than 20 years. Mr. Ginn has also been involved with TSX Venture-listed companies and currently sits as a director on the board of two other junior exploration companies.

About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is a minerals exploration company focused on the acquisition, development and monetization of project throughout the Americas.

Forward-Looking Statements

This news release contains forward-looking statements, including predictions, projections and forecasts. In particular, statements in regards to the completion of and related timing of filing of the Documents are considered Forward Looking Statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Colombia Crest to be materially different from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

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