CXO Colorado Resources Ltd

Colorado Resources Ltd. (TSX VENTURE:CXO) ("Colorado" or the "Company") is
pleased to announce further to its news release of April 26, 2013 it has secured
and mobilized a drill rig to its North Rok Property where the step out drilling
of Drillhole NR13-001 will commence shortly. The Company is permitted and fully
funded with a strong treasury to complete this next phase of exploration work. 


Individual assay results reported in the Company's news release of April 24,
2013 from Drillhole NR13-001 can now be found on the Company's website
www.coloradoresources.com under the headings BC Projects/North ROK/AssayResults.


The first drill rig will remain at the Company's 75% optioned Eldorado Property
to complete the 1500 metres program as announced in its news release of April
17, 2013.


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 current exploration focus is on the Red Chris
area. 


ON BEHALF OF THE BOARD OF DIRECTORS OF COLORADO RESOURCES LTD.

Adam Travis, President and Chief Executive Officer

NR 13-04

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colorado Resources Ltd.
Adam Travis
President and Chief Executive Officer
(250) 768-1511 or TF: (855) 768-8511


Colorado Resources Ltd.
Terese Gieselman
Chief Financial Officer and Secretary
(250) 768-1511 or TF: (855) 768-8511
(250) 768-0020 (FAX)
www.coloradoresources.com

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