Colombia Crest Gold Provides Corporate Update

Colombia Crest Gold Provides Corporate Update

June 5, 2017 , Vancouver, BC - Colombia Crest Gold Corp. (the “Company”) (TSXV: CLB; Pink Sheets:

ECRTF; Frankfurt: EAT) reports that effective June 6, 2017, the TSX Venture Exchange (“ TSXV”) will be

reclassifying the Company from a Tier 1 listing to Tier 2 listing. The Company will continue to trade on

the TSXV under the symbol CLB as before the reclassification.

The Company is also pleased to report that it has recently collected o n a portion of the accounts

receivable from the 2012 sale of its Bolivian assets. The received funds will allow management to move

forward with the review of mineral exploration opportunities.

About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is a minerals exploration company focused on the acquisition, development

and monetization of projects throughout the Americas.

For more information, please contact:

William Jung, CFO

E-mail: [email protected]

Or visit the Company’s website at www.colombiacrestgold.com.

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 res ults 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.