Resumed Drilling Program is Part of Colorado Goldfields' Growth Plan

LOS ANGELES, April 2, 2008 (PRIME NEWSWIRE) -- Colorado Goldfields Inc. (OTCBB:CGFI) analyst report discusses how the recently resumed drilling program is part of the company's growth plan.

Colorado Goldfields is a junior gold acquisition and exploration company, and holds an option to acquire up to an 80% undivided interest in certain properties located in San Juan County, Colorado. These properties consist of 44 patented and 13 unpatented mining claims in the Gold King and Mogul Mine properties, and a 70% undivided interest in 19 patented mining claims in the Mayflower Mine


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About Colorado Goldfields

Continuing the legacy of the historic Colorado gold rush, Colorado Goldfields Inc. is a new player in the exploration world, focused on a major gold project in the legendary Silverton Mining District. The Company has the option to earn an 80% interest in three extremely promising gold mining properties, featuring advanced, formerly producing mines: the Gold King, Mayflower and Mogul mines located in San Juan County in Southwest Colorado.

The location of one of the greatest gold rushes in North America, Colorado is now the site of increasing gold exploration, where millions of ounces of gold have been mined since 1859. The source of this gold is currently being explored and developed by industry leaders using state-of-the-art geologic science and mining expertise to locate new sources of gold and continue the tradition of gold mining in Colorado.

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