CXO Colorado Resources Ltd

Colorado Resources Ltd. (TSX VENTURE:CXO) ("Colorado" or the "Company") is
pleased to announce that Gold Fields Selwyn Exploration Corporation ("Gold
Fields"), a wholly owned subsidiary of Gold Fields Limited, and current operator
on the Oro Property, has commenced a $2 million exploration program, which is to
include 3,000 metres of diamond drilling. Colorado recently entered into an
Option Agreement whereby Gold Fields can earn up to a 70% interest in the Oro
Property, located in the MacMillan Pass area of the Yukon (see CXO NR13-05, May
7, 2013 for details).


Gold Fields' efforts will be focused on the Oro Main Zone, a 800m x 4,000m area
containing a large number of multi-element soil geochemical anomalies, which
have been defined by over 19,000 soil samples, 1,900 rock samples, 2,000 line
kilometres of airborne geophysical data, the excavation of 15 trenches and the
completion of detailed property scale geologic mapping by Colorado in the 2011
and 2012 exploration seasons.


"We look forward to continuing to build our good relationship and collaborating
with Gold Fields on drill testing these significant multi-kilometre and
multi-element geochemical anomalies, which we think represent some of the best,
only partially tested Carlin-style gold targets in the Yukon," commented Adam
Travis, Colorado Resources' President and CEO.


The Oro Property, covering approximately 36,000 hectares, is located in the
mineral-rich MacMillan Pass area of the Yukon Territory. Nearby and adjacent
properties are owned by Newmont, HudBay, Teck, Carlin-Constantine, Golden
Predator and Ryan Gold. The property was originally acquired due to its
favourable geological setting along the Yukon "Carlin Gold" Trend, which also
hosts ATAC's Rau, Osiris and Tiger Zones.


The Oro Property hosts the historic Neve occurrence, located within the Oro Main
Zone, with previous drill results up to 0.50 g/t gold over 65.9 metres and has
documented comparisons to Nevada's prolific Carlin belt.


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 to 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 13-14

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.
John Foulkes
President
(604) 697-0028
Cell: (604) 614-2999
www.sterlingmarketingcorp.com


Colorado Resources Ltd.
Adam Travis
President and Chief Executive Officer
(250) 768-1511 or Toll Free: (855) 768-1511
(250) 768-0020 (FAX)


Colorado Resources Ltd.
Terese Gieselman
Chief Financial Officer
(250) 768-1511 or Toll Free: (855) 768-1511
(250) 768-0020 (FAX)
www.coloradoresources.com

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