Colorado Goldfields Pride of the West Mill Moves Closer to Production Start Date

LAKEWOOD, CO -- Colorado Goldfields Inc. (OTCBB:CGFIA) announces milestone completion, moving the Pride of the West Mill closer to production.

Along with the Companys operations team and crew, Silverton-based contractor, Maisel Excavating, LLC conducted a redistribution of 19,000 tons of waste rock to other approved areas on the property. This will clear the way for the delivery of new ore. This material is abandoned stockpile which included approximately 12,000 tons of dump material from the Red Mountain Mining District. This material was received by a previous operator as part of a clean up program involving several entities including the EPA, Colorado Division of Minerals and Geology, and the Animas River Stakeholders group. The removal of all this material to the tailing pond is a part of the reclamation plan approved by the Colorado Division of Reclamation and Mining Safety (DRMS). The earth moving equipment involved in this phase of the Mill reactivation program includes dump trucks, an excavator, D6 dozer and Colorado Goldfields 5 cubic yard LH (Load Haul Dump). The LHD is normally an underground machine but is perfectly adapted to the short hauls involved in this operation.

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