CXO Colorado Resources Ltd

COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is
pleased to report results from three drillholes and from surface geological,
geochemical and geophysical surveys recently completed on its 100% owned North
ROK Property located 15 kms northwest of Imperial Metals Red Chris Mine in NW
British Columbia.


As reported in news release dated May 16, 2013 a total of 1527 m of drilling in
4 holes have been completed to date on the North ROK Property including the
results of Drillhole NR13-001 which returned 242 m of 0.63% copper and 0.85 g/t
gold. The following table highlights the significant results of drilling to date
with intervals representing length along the drillcore.




----------------------------------------------------------------------------
              Total                                                         
Hole      Depth (m)  Az  Dip   From     To Interval  Cu %  Au g/t  Rock Type
============================================================================
NR13-002      189.4  40  -65               No significant results  Monzonite
----------------------------------------------------------------------------
NR13-003      593.1  40  -80    1.2  153.6    152.4  0.21    0.55  Monzonite
----------------------------------------------------------------------------
including                      43.2   95.2     52.0  0.31    1.04  Monzonite
----------------------------------------------------------------------------
NR13-004      404.0  40  -45  158.8  364.0    205.2  0.40    0.50  Monzonite
----------------------------------------------------------------------------
including                     182.8  313.8    131.0  0.56    0.68  Monzonite
----------------------------------------------------------------------------



A total of 45 line km of 3D detailed Induced Polarization surveys has been
completed to date by Walcott and Associates over an area of 8.4 square km (2.8
km by 3.0 km) and is still ongoing. The geophysical work has outlined a 1200 m x
1200 m open to the south chargeability feature which has only been tested on its
northernmost end by the three hole drill program over a 100 m area. A second 500
m x 1000 m open to the north chargeability feature, located 1 km north of the
drill area has also been discovered. To date less than 5% of the area of these
geophysical anomalies has been tested by drilling.


As noted in news releases dated April 25, 2013 and April 26, 2013 Drillhole
NR13-002 was drilled on a secondary target 350 m west of Drillhole NR13-001 and
intersected a different phase of intrusion and may have not been drilled deep
enough or at the correct azimuth to adequately test the IP chargeability anomaly
that is now better understood with the new detailed geophysics. 


Drillhole NR13-003 was drilled at -80 degree dip at the same location as
NR13-001 and intersected strong magnetite breccia zones similar to NR13-001 for
the first 152 m and transitioned into quartz pyrite assemblages which returned
significant gold values with the entire top 409 m of the hole returning 0.14%
copper and 0.29 g/t gold. 


Drillhole NR13-004 was collared 100 m southeast of NR13-001 and drilled at -45
degree dip at an azimuth of 040 degrees and intersected chlorite-quartz-pyrite
mineralization followed by strong secondary magnetite associated with
mineralization for over 205 m similar to NR13-001. NR13-004 then intersected
epidote and quartz pyrite, with the final metres of the drillhole terminating in
volcanic rocks. Overall this drillhole returned 324 m 0.29% copper and 0.36 g/t
gold. Interpretation of new detailed 3D modeled magnetics suggests that NR13-004
was collared in an area of low magnetics and drilled in an area of high
magnetics. 


The Company is very encouraged that both of these holes encountered significant
widths of copper-gold mineralization, especially early on in the exploration
program as it better understands the details of this large mineralizing system. 


As part of the permitting requirements for this area of British Columbia,
Baseline Archeological Services Ltd, contracted on behalf of the Company
completed an archeological study, results of which did not identify any
archeological concerns.  


Recently completed surface geological mapping indicates that the monzonite
intrusion is 2000 m x 2500 m in size and is similar to the Red Stock which hosts
the Red Chris Mine (mineable reserve of 301.5 mt of 0.359% copper and 0.274 g/t
gold). Over much of this strike length, the North ROK intrusion has also been
extensively altered by magnetite-potassium feldspar and quartz sericite pyrite
mineral assemblages and appears similar to hydrothermal alteration assemblages
spatially associated with copper and gold mineralization at the Red Chris mine. 


Adam Travis, the Company's President and C.E.O stated, "We are very pleased that
three of the initial four holes completed at North ROK have returned very
significant copper and gold drill intercepts. Our geological mapping and
geophysics now suggests that drilling has only tested a very small portion of
the kilometre scale alteration systems at North ROK. " 


Preliminary geophysical sections, models and drillhole assay data will be posted
to the Colorado Resources website
(http://www.coloradoresources.com/s/NorthRok.asp). 


Given these highly encouraging results and better understanding of the system
Colorado is planning an expanded drill program to commence shortly on the North
ROK property. 


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

NR 13-07

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.


To view the map associated with this release, please visit the following link:
http://media3.marketwire.com/docs/n606cxo.pdf.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colorado Resources Ltd.
Adam Travis
President and Chief Executive Officer
(250) 768-1511
(250) 768-0020 (FAX)


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

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