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Colombia Crest Provides Machacala Project Update

VANCOUVER - March 4, 2014 – Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSXV: CLB; Pink Sheets: ECRTF; Frankfurt: EAT) wishes to update the news release of August 16, 2013, in which the Company announced the signing of a Letter of Intent with Affinity Gold Corp. to earn a 30% interest in the Machacala, Peru project.

A US$5,000 down payment was made to Affinity Gold Corp. on September 9, 2013. Currently, the Company does not possess the necessary funds to meet the terms of the project, and as a result, a definitive agreement has not been signed and the transaction has not been submitted to the TSX Venture Exchange ("Exchange") for review.

The Company plans to revisit the Machacala Project when it has the financial resources to move forward with it, and would propose to make a filing to the Exchange at that time.

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.

For more information, please contact:

Bill Jung, CFO
E-mail: [email protected]

Or visit the Company's website at

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.