Mr. Hans Rasmussen reports

COLOMBIA CREST PRESIDENT AND CEO STEPS DOWN

Colombia Crest Gold Corp.'s president and chief executive officer, Hans Rasmussen, effective Sept. 9, will depart his role while remaining a director of the company. The board wishes to thank Mr. Rasmussen for his time and expertise in reorganizing the company over the past seven years.

Mr. Rasmussen has been with Colombia Crest since becoming a director in late 2006, and later assuming the role of president in January, 2007, and eventually chief executive officer. Mr. Rasmussen will assist the board in finding a new executive to lead Colombia Crest as it considers acquiring new exploration assets in Peru.

We seek Safe Harbor.