With the headline “Mining firm sees hope in region,” Colorado Goldfields Inc. (OTCBB:CGFI), was featured in an article focusing on the rebirth of mining in Silverton Colorado in the Silverton Standard and Telluride Daily Planet last week. The article describes the positive preliminary results of the Company’s recent drilling at its Gold King and Mogul Mines in Silverton. Silverton was founded originally as a mining camp. Historically, the Gold King Mine alone produced approximately 345,000 ounces of gold and 1.4 million ounces of silver from 1895 to 1920.

Furthermore, the article goes on to describe the reactivation of the Company’s Pride of the West Mill, and the overall economic revival of the Silverton area.

The complete article may be found at:

http://www.telluridenews.com/news/x1424437744/Mining-firm-sees- hope-in-region

CGFI previously produced a video with interviews of residents discussing what renewed mining activity could mean to the town. The video can be found on the company’s web site (http://www.cologold.com/i/misc/interview_segment_2.wmv).

Additionally, C. Stephen Guyer was recently interviewed on EmergingIssuer.com. To watch the interview, please click here:

www.emergingissuer.com/index.php?option=com_content&task=view&id= 95&Itemid=27

About Colorado Goldfields, Inc.

Colorado Goldfields Inc. (OTCBB: CGFI), http://www.cologold.com, is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discovery. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.

The Company has made available a current CGFI Fact Sheet in PDF format at http://www.cologold.com/s/pdfs/CGFIFactSheet.pdf.