Colorado Goldfields Inc. (fka CGFI)

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NEWS:

Colorado Goldfields Launches U.S. Mine Safety and Health Administration Pride of the West Gold Mill Reactivation Work Plan; Including Environmental Protection Re-Certification
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LAKEWOOD, CO - Colorado Goldfields Inc. (OTCQB:CGFIA) announces that Phase I of the re-activation process of the Pride of the West Gold Mill has commenced.

Phase I of the reactivation process consists of the Colorado Division of Reclamation, Mining, and Safety re-certifying the nine Environmental Protection Faculties ("EPFs"). The first EPF to be re-certified is the "Ore Stockpile Area." The half-acre Ore Stockpile Area functions as the receiving and temporary storage facility for ore delivered to the Mill by heavy trucks prior to processing. The Stockpile Area holds approximately 6,000 tons of ore. This means that about 14 days' worth of processing are always queued and ready, ensuring that the Mill runs continuously. Completing this location first allows ore to be queued and staged even while work continues on the other areas. Therefore, the first ore for processing will be in-place and ready to be crushed.

"The re-certification process includes removal of any remaining dump material, which will expose the previously constructed 12-inch thick clay base liner. The access ramp will be re-graded and re-contoured to meet drainage specifications and the pad base will be re-compacted with a smooth drum vibratory roller. The clay base liner will then be tested to ensure that the liner meets low permeability specifications. The test includes assurance of a 95% Proctor rating. The "Proctor test" is used to estimate the maximum density of soils. A new feature of the facility will be a lined evaporation pond that will catch and store any stormwater from the Ore Stockpile Area, ensuring that no stormwater run-off from the Ore Pad Area will be released to the environment," stated Steve Fearn, Chief Engineer for Colorado Goldfields.

Colorado Goldfields will host and sponsor its own on-site Mine Safety and Health Administration ("MSHA"), training. Training is conducted by a certified trainer, and will become an on-going part of the operations at the Mill and will be conducted frequently as additional personnel and contractors are added to the work force.

The Pride of the West Mill, near Silverton, Colorado is located within the famous "San Juan Triangle" mining center of southwestern Colorado, which also includes the historic mining towns of Telluride and Ouray, and encompasses one of the most richly mineralized areas of North America. The mill has the capability to process five metals: gold, silver, copper, lead, and zinc.

Colorado Goldfields has received over $9 million in preliminary purchase orders for toll gold/silver ore milling in advance of the permit process completion from gold/silver ore mines in the area, including: The Silver Wing, Red Arrow, Golden Wonder, and Ruby Trust.

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