Replies to post #28791 on Colorado Goldfields Inc. (fka CGFI)

[Highland]

For the proof you desire call Guyer in Colorado..sorry 567..I couldn't help it! Dale

[567tbd]

Colorado Goldfields Announces $9.1 Million Purchase Orders in Custom Gold Ore Milling

LAKEWOOD, CO -- (MARKET WIRE) -- 06/24/2010 -- Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that in addition to the $6.1 million of preliminary purchase orders announced on Tuesday, June 22nd, the Company has received additional preliminary purchase orders totaling $3 million for custom gold ore milling from active mines in southwestern Colorado. Initial gold ore flow to Colorado Goldfields is now estimated to be approximately 300 tons per day by these orders, and represents $9.1 million in revenue in the first 12 months of operations, generating a projected $4.8 million in net profits for the Company.
"Total estimated ore flow of 300 tons per day corresponds perfectly with our operations model. Cash proceeds from these purchase orders would commence within 45 days of reactivation of The Pride of the West Mill. Once again we have clearly demonstrated 'proof of concept,' which is most gratifying," stated C. Stephen Guyer, CFO of Colorado Goldfields.

567

GL