Investors — The United States Securities andExchange Commission permits U.S. mining companies, in their filings withthe SEC, to disclose only those mineral deposits that a company caneconomically and legally extract or produce. Accordingly, readers are advised not to place undue relianceon forward-looking statements or information. The Company does notundertake any obligation to release publicly revisions to any”forward-looking statement,” to reflect events or circumstances after thedate of this news release, or to reflect the occurrence of unanticipatedevents, except as is required under applicable securities laws.Cautionary note to U.S. Should one or more of these risks and uncertaintiesmaterialize, or should underlying assumptions prove incorrect, actualresults may vary materially from those described in forward-lookingstatements. Forward-looking statements or information includesstatements regarding the expectations and beliefs of management.Forward-looking statements or information include, but are not limited to,statements or information with respect to known or unknown risks,uncertainties and other factors which may cause the actual results,performance or achievements of the Company to be materially different fromany future results, performance or achievements expressed or implied bysuch forward-looking statements or information. Weexpect that this strategic plan will allow Colorado Goldfields to reachits goal of profitability, potentially within the next 18 months.The Company has made available a current CGFIA Fact Sheet in PDF format at http:// regarding forward-looking statementsThis news release may contain forward-looking statements or informationwithin the meaning of the United States Private Securities LitigationReform Act of 1995.

Currently, ourbusiness model in Colorado provides an outstanding combination of formerproducing properties with excellent exploration and production potentialand a currently inactive, modern, up to 700 ton per day capacity millfacility to allow for an attractive short-term production time frame. (OTCBB: CGFIA) ( http://) is aDenver-based junior exploration and mining company primarily exploring forgold and silver. Our seasoned management team targets historic gold campswith strong potential for multiple deposit discoveries. Rice is also a director ofInternational Beryllium Corporation, a public company traded on theToronto Venture Exchange with its headquarters in Vancouver, BritishColumbia.About Colorado Goldfields Inc.Colorado Goldfields Inc. Rice has been a Registered Professional Engineer inColorado for more than 30 years and is a Registered Member of the Societyof Mining, Metallurgy and Exploration Mr. Rice has been at the helm of Colorado Goldfields since September 2008,and brings over 40 years of geological and engineering experience to theenterprise Mr.

This”overprinting” complicates the search for ore, but carries with it thepossibility of additional precious metal ore bodies, even bonanza gold, atdeeper levels than were encountered in the mines that exploited veinmaterial from the first mineralizing episode.Mr. Thisdiscovery occurred during my analysis of assay results in the last 48hours.The presence and quantity of pathfinder elements in drill core samples ofthe country rock suggest that a subsequent episode of mineralization wasnot as vertically extensive as the initial episode and that it occurs at adeeper position in the epithermal system than earlier mineralization. Thedowndropped block between these mines has been shown to contain the samevein system that comprised the Gold King mine, but the uppermost areas ofthe vein system in that block now lie adjacent to the existing mineworkings where gold grades were declining downward. They both produced significant amounts of preciousmetals, but graded downward into base metal mineralization. In many parts of the Silverton and Eureka districts,erosion and mass wasting have removed the uppermost portions of the veinmineralization exposing veins on the surface with predominantly silver andbase metal mineralization.The Gold King and the Sunnyside mines are situated reasonably high in thevein mineral zonation. This processcontinues with increasing depth into zinc and finally coppermineralization. The proportion of gold decreases withdepth while the proportion of silver increases.