NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Colorado Resources Ltd. (TSX VENTURE:CXO) ("CXO" or the "Company") is pleased to
announce the Company has closed the non-brokered private placement (the
"Financing") announced in the Company's News Release dated June 21, 2013. 


The Financing resulted in the issuance of 5,000,000 flow-through shares at a
purchase price of $0.80 for gross proceeds of $4,000,000. Proceeds from the
Financing will be used primarily to advance exploration activities on the
Company's North ROK and other Canadian properties.


Finder's fees are payable on a portion of the Financing equivalent to 5% cash
($158,000) and 5% warrants (197,500) (a "Finder Warrant"). Each Finder Warrant
will entitle the holder thereof to purchase one common share (a "Warrant Share")
of the Company at an exercise price of $0.85 per Warrant Share for a period of
12 months from the closing date of the Financing.


In accordance with the Canadian securities legislation currently in effect the
securities issued pursuant to the Financing will have a restricted "hold" period
in Canada expiring on November 9, 2013.


"I'm very pleased to close this strategic financing during these difficult
market conditions," said Adam Travis, President and CEO of Colorado. "Half the
Financing went to one institutional purchaser and a significant portion went to
long-time supporters of the Company, which is a testimony to the strength of not
only our projects, but also our team." 


About Colorado 

Colorado is engaged in the business of mineral exploration for the purpose of
acquiring and advancing mineral properties located in Canada and is also
aggressively seeking quality properties in the US southwest and Latin America. 


Colorado's current exploration focus is the advancement of its 100% owned North
ROK and its optioned Eldorado projects which are located within 10 - 15Km of the
Red Chris mine development, in northern British Columbia.


ON BEHALF OF THE BOARD OF DIRECTORS OF

COLORADO RESOURCES LTD.

Adam Travis, President and Chief Executive Officer

NR 13-12

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended, or any state securities laws and may not be offered or sold within
the United States or to United States Persons unless an exemption from such
registration is available.


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
reports filed on SEDAR at www.SEDAR.com for a more complete discussion of such
risk factors and their potential effects.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sterling Marketing Corp.
Scott Gibson
Chairman
(604) 697-0028
www.sterlingmarketingcorp.com


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
(250) 768-1511 or TF (855) 768-8511
(250) 768-0020 (FAX)
www.coloradoresources.com
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