COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is
pleased to announce the results of the first of two drill holes recently
completed on its 100 % owned North ROK property located approximately 190
kilometres north of Stewart B.C and along Highway 37 south of the village of
Iskut. 


The property is underlain by volcanic and sedimentary rocks of the Upper
Triassic, Stuhini Group to Lower Jurassic, Hazelton Group in a similar geologic
setting to Imperial Metals Red Chris mine development (15 kilometres to the
southeast) which has proven and probable reserves of 301.5 million tonnes
grading 0.359 % copper and 0.274 g/t gold. 


The Company has recently completed two drillholes (totalling 524.4 m) on the
property based on a follow up of 2012 soil sampling, ground magnetic and IP
surveying in an area around the Mabon showing. This work demonstrated that
porphyry copper gold style mineralization and alteration is associated within a
roughly 350 by 700 m copper-gold geochemical anomaly that is coincident with a
similar sized area of increased magnetic susceptibility and I.P chargeability.
Preliminary field work was cut short last fall due to winter conditions and
anomalous zones remain open along strike. 


Drillhole NR13-001 was targeted to test the northern part of the coincident soil
geochemical, magnetic and chargeability anomalies and the entire length of hole
NR13-001 returned 333.0 m of 0.51% Cu and 0.67 g/t Au. The first 242 metres of
the hole was hosted in a typical porphyry copper style altered monzonite
intrusion and returned 242.0 m of 0.63% Cu and 0.85 g/t Au. The last 91 metres
of the hole intersected altered volcanics which weakened away from the intrusive
contact but still returned 0.20 % Cu and 0.19 g/t Au. 


The results are further summarized in the table below:



----------------------------------------------------------------------------
             From         To    Interval        Cu        Au                
Hole          (m)        (m)         (m)       (%)     (g/t)       Rock Type
----------------------------------------------------------------------------
----------------------------------------------------------------------------
NR13-001     2.00     335.00      333.00      0.51      0.67     Monzonite /
                                                                    Volcanic
----------------------------------------------------------------------------
 includes    2.00     244.00      242.00      0.63      0.85       Monzonite
----------------------------------------------------------------------------
 includes   63.53     244.00      180.47      0.76      1.00       Monzonite
----------------------------------------------------------------------------
NR13-001   244.00     335.00       91.00      0.20      0.19        Volcanic
----------------------------------------------------------------------------



Drillhole NR13-001 was drilled at a -45 degree dip towards the northeast and the
intervals above represent length down the hole. The Company has yet to collect
sufficient data to determine how the downhole drill intervals might relate to
the actual true thickness of mineralization. 


The samples were analyzed by Acme Analytical Laboratories of Vancouver, British
Columbia. Copper values were first determined using the 1DX ICP-MS method which
reports values as parts per million (ppm). Any samples containing greater than
2000 ppm copper were assayed by the 7AR method, which reports values as percent
copper. The gold results were determined using the G601 Fire Assay method which
reports gold results in ppm and are equivalent to grams per tonne (g/t). The
analytical results were verified with the application of industry standard
Quality Control and Quality Assurance (QA-QC) procedures. 


Colorado's Technical Team is very encouraged by the fact that the observed drill
core is consistently mineralized and altered over significant lengths of the
monzonite intrusion and appears to be associated with a 350 metre by 750 metre
magnetic feature. 


Drillhole NR13-002 was targeted to test a second 500 by 700 metre magnetic
feature on the flanks of the chargeability anomaly 350 m west of Hole NR13-001
and intersected weakly altered monzonite intrusion. Assay results for this hole
are still pending but initial geological indications appear to indicate it is
related to a different phase. 


Given these highly encouraging results Colorado is planning further drilling to
follow up this exciting discovery hole on the North ROK property and will
continue working with the Tahltan First Nation and local contractors and
consultants in order to give first opportunity to local communities. 


Qualified Person 

Mr. Greg Dawson, P.Geo., is the Qualified Person as defined by National
Instrument 43-101 who supervised the work program and preparation of the
technical data in this news release.


About Colorado 

Colorado is engaged in the business of mineral exploration for the purpose of
acquiring and advancing mineral properties located in British Columbia and the
Yukon and is also aggressively seeking quality properties in the US southwest
and Latin America. Colorado's primary exploration focus is on the Eldorado and
North ROK properties in the Red Chris area. 


ON BEHALF OF THE BOARD OF DIRECTORS OF

COLORADO RESOURCES LTD.

Adam Travis, President and Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding proposed exploration activities. Although the Company
believes that such information is reasonable, it can give no assurance that such
expectations will prove to be correct. Forward-looking information is typically
identified by words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their nature, refer
to future events. The Company cautions investors that any forward-looking
information provided by the Company is not a guarantee of future results or
performance, and that actual results may differ materially from those in
forward-looking information as a result of various factors, including, but not
limited to, the state of the financial markets for the Company's equity
securities, the state of the market for gold or other minerals that may be
produced generally, recent market volatility; variations in the nature, quality
and quantity of any mineral deposits that may be located, the Company's ability
to obtain any necessary permits, consents or authorizations required for its
activities, to raise the necessary capital or to be fully able to implement its
business strategies and other risks associated with the exploration and
development of mineral properties. The reader is referred to the Company's
prospectus dated September 16, 2010 for a more complete discussion of such risk
factors and their potential effects, a copy of which may be accessed through the
Company's page on SEDAR at www.sedar.com.


To view the Map associated with this release, please visit the following link:
http://media3.marketwire.com/docs/cxo425-F1.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colorado Resources Ltd.
Adam Travis
President and Chief Executive Officer
(250) 768-1511


Colorado Resources Ltd.
Terese Gieselman
Chief Financial Officer and Secretary
(250) 768-1511
(250) 768-0020 (FAX)
www.coloradoresources.com
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