CXO Colorado Resources Ltd

Colorado Resources Ltd. (TSX VENTURE:CXO) ("CXO") the "Company" or "Colorado"
board of Directors (the "Board") has approved an advance notice policy (the
"Policy") effective July 9, 2013. The Company intends to seek ratification of
the Advance Notice Policy by the shareholders of the Company at the Company's
next general meeting of shareholders to be held on September 10, 2013. 


The Advance Notice Policy includes, among other things, a provision that
requires advance notice to be given to the Secretary of the Company in
circumstances where nominations of persons for election to the Board are made by
shareholders of the Company other than pursuant to either a requisition of a
meeting made pursuant to the provisions of the British Columbia Business
Corporations Act (the "Act") or a shareholder proposal made pursuant to the
provisions of the Act. 


The Advance Notice Policy sets a deadline by which shareholders must submit to
the Company nominations (the "Notice") for the election of directors prior to
any annual or special meeting of shareholders, sets forth the information that a
shareholder must include in the Notice to the Company, and establishes the form
in which the shareholder must submit the Notice. 


In the case of an annual meeting of shareholders, a Notice must be provided to
the Company not less than 30 days and not more than 65 days prior to the date of
the annual meeting. In the event that the annual meeting is to be held on a date
that is less than 50 days after the date on which the first public announcement
of the date of the annual meeting is made, a Notice must be provided to the
Company not later than the close of business on the 10th day following such
public announcement. In the case of a special meeting of shareholders (which is
not also an annual meeting) notice to the Company must be made not later than
the close of business on the fifteenth day following the day on which the first
public announcement of the date of the special meeting is made. 


The full text of the Policy is available under the Company's profile via SEDAR
at www.sedar.com.


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 13-13

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 Toll Free: (855) 768-1511
(250) 768-0849 (FAX)


Colorado Resources Ltd.
Terese Gieselman
Chief Financial Officer
(250) 768-1511 or Toll Free: (855) 768-1511
(250) 768-0849 (FAX)
www.coloradoresources.com

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