Colorado Goldfields Inc. (fka CGFI)

[MUSHROOMKING]

From the Colorado Gold Feilds home page


Colorado Goldfields: "Gold Dynamics in the News" Part 3 -- Relevant Information for Company Shareholders
LAKEWOOD, CO -- (MARKET WIRE) -- 12/10/2009 -- Colorado Goldfields Inc. (OTCBB: CGFIA) provides this commentary as Part 3 of its "Gold Dynamics in the News" series.

"When it comes to the 2010 outlook for commodities, who better to ask than commodities whiz Trader Vic?," asked Lara Crigger as reported in HardAssetsInvestor.com on December 4, 2009.

Victor Sperandeo (also known as "Trader Vic") is one of the world's most outspoken commodities traders, with over 40 years of market experience. He has invested independently for the likes of George Soros, Leon Cooperman and BT Alex Brown, and has written a book, "Trader Vic on Commodities." Mr. Sperandeo also created the popular Diversified Trends Indicator, a long/short rules-based trading methodology based on a highly diversified basket of commodity and financial futures contracts.

At last month's "Inside Commodities" conference, HardAssetInvestor Associate Editor Lara Crigger caught up with Trader Vic between sessions to ask about his general outlook for commodities in 2010.

Ms. Crigger's first question, "Which commodities do you think are going to do well next year?" is of course of profound importance to Colorado Goldfields.

Mr. Sperandeo answered that question by saying, "Well, I'm on record across the world as saying that gold is the best investment in the world for the next two to three years. It's fundamentally obvious, but when you're printing huge amounts of paper vs. something that is considered money, the paper will depreciate and the hard assets will go up. So gold and silver will do well -- silver a little less so -- but gold certainly."

To view the complete interview visit: Interview with Trader Vic.

As mentioned above, Mr. Sperandeo has also published a book titled, "Trader Vic on Commodities: What's Unknown, Misunderstood, and Too Good to Be True." In his introduction, Trader states, "Commodities are experiencing a new up cycle -- and an examination of the major factors contributing to these price increases suggests they are not short-lived. World populations continue to expand, increasing global demand. Industrialization in China and India, as well as in other emerging markets, has greatly increased the need for energy and industrial products, while the supply remains limited. With the increased volatility in the commodities markets, the surge in interest, and the generally higher prices in everything from crude oil to copper to cocoa, it seems clear that every investor should have at least some exposure to commodities."

Colorado Goldfields also reminds its shareholders that the Annual Meeting of Stockholders will be held on January 6, 2010, at American Legion / Miner's Tavern / Silverton Mountain Offices, located at 1069 Greene Street, Silverton, Colorado. Furthermore, the notice and proxy statement (including the Company's annual report), is available on the Company website at: www.cologold.com/uploads/2009_Annual_Meeting_Material.pdf.

The Company encourages its shareholders to watch for internet voting instructions on their ballots (proxy cards), which will arrive via U.S. Mail this week.