Colombia Crest Gold Announces Grant of Incentive Stock Options

November
9,
2012
 





























CLB:
TSX.VENTURE NEWS
RELEASE

 
















EAT:
FE.FRANKFURT
 
















ECRTF:
PINK
SHEETS


COLOMBIA
CREST
GOLD
ANNOUNCES
GRANT
OF
INCENTIVE
STOCK
OPTIONS





November
9,
2012,
VANCOUVER,
BC
‐
Colombia
Crest
Gold
Corp.
(“Colombia
Crest”;
the
“Company”)
(TSX‐V:
 CLB;
Pink
Sheets:
ECRTF;
Frankfurt:
EAT)
announced
today
that
its
board
of
directors
has
approved
the
grant of
incentive
stock
options
to
an
officer
of
the
Company
for
the
purchase
of
up
to
250,000
common
shares
of Colombia
Crest
at
a
price
of
$0.25
per
share
expiring
November
8,
2017.

Further
 to
 the
 Company’s
 news
 release
 dated
 October
 16,
 2012,
 incentive
 stock
 options
 have
 also
 been granted
to
Torrey
Hills
Capital,
Inc.,
a
public
relations
firm,
for
the
purchase
of
up
to
200,000
common
shares of
the
Company
at
a
price
of
$0.25
per
share
expiring
November
8,
2014.

These
options
are
vested
over
a
one‐ year
period
with
50,000
options
becoming
exercisable
every
three
months
commencing
February
8,
2013.

These
incentive
options
as
announced
are
subject
to
acceptance
by
the
TSX
Venture
Exchange.

Any
shares
issued
to
directors
and
officers
pursuant
to
the
exercise
of
options
granted
to
them
will
be
subject to
a
four
month
hold
period
commencing
on
the
date
of
the
grant.

Shares
issued
to
other
optionees
on
the exercise
of
such
options
will
not
be
subject
to
any
hold
period.

About
Colombia
Crest
Gold
Corp.


Colombia
Crest
Gold
Corp.
is
focused
on
systematically
exploring,
developing
and
monetizing
promising
new gold
 projects
 in
 Colombia
 as
 well
 as
 realizing
 the
 potential
 of
 its
 100
 percent‐owned
 San
Simón
 project
 in Bolivia.
The
Company
employs
a
team
of
seasoned
geologists,
each
with
20+
years
of
experience
exploring
and discovering
 porphyry
 deposits
 around
 the
 world,
 including
 Argentina,
 Peru,
 Ecuador,
 Mexico,
 Alaska, Indonesia,
and
Eastern
Europe.

The
Company
is
currently
carrying
on
exploration
programs
at
the
Fredonia
and
Venecia
projects
where
it
has optioned
 over
 30,973
 hectares
 located
 approximately
 40
 km
 south
 of
 the
 city
 of
 Medellín,
 in
 Antioquia Province.

The
properties
are
positioned
within
the
Middle
Cauca
Belt,
which
is
the
most
prolific
gold
belt
in Colombia
with
more
than
500
years
of
gold‐mining
history
and
several
new
gold
discoveries.

If
 you
 would
 prefer
 to
 receive
 news
 releases
 via
 email
 please
 contact
 Colombia
 Crest
 ([email protected])
and
specify
“Colombia
Crest
news”
in
the
subject
line.


For
more
information,
please
contact:


Hans
Rasmussen
 Dan
Fish

President
and
CEO
 Manager,
Corporate
Communications
 Office:
604‐684‐7160

 
 Direct:
1‐888‐228‐4305 E‐mail:
[email protected]
 E‐mail:

[email protected]

Please
visit
the
Company’s
website
at
www.ColombiaCrestGold.com.