CXO Colorado Resources Ltd

COLORADO RESOURCES LTD. (TSX VENTURE:CXO) ("Colorado" or the "Company") is
pleased to announce that it has completed the Phase II drill program and
commenced a Phase III drill program at its 100% owned North ROK property (the
"Property"). 


The recently completed Phase II drill program was on budget at $2 million and
totalled 5,393 metres. The Company was able to achieve 400 metres of additional
meterage due to drilling efficiencies. Drill core from holes 14 to 18 are at the
assay lab for analysis and processing. Results will be released after they have
been received and reviewed by the Company.  


The Phase III drilling will continue to step out along strike and at depth from
known mineralization. In order to test for deeper mineralization, a second drill
with a greater depth capacity has been mobilized to site to support the Phase
III program. 


Further information on the North ROK programs is contained on Colorado's
website, www.coloradoresources.com. The web-site contains a PowerPoint
presentation with updated cross sections and a 3D model of the magnetic high and
induced polarization anomalies overlain with drill holes.  


Adam Travis, President and CEO of Colorado Resources commented, "We are proud of
how far we have advanced the North ROK property since our first discovery drill
hole was announced in April 2013. To date we have completed 18 drill holes
totalling 6,914 metres. With a strong treasury and the mineralized system still
open at depth and along strike, we plan to continue testing the size and grade
of this discovery." 


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 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 18kms 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

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
C: (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) 768-0849 (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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