Colorado Goldfields Reverse Stock Split Approved

LAKEWOOD, CO -- (Marketwire) -- 09/13/12 -- Colorado Goldfields Inc. (OTCQB: CGFID) (OTCQB: CGFIA) announces that the Company has received approval from the Financial Industry Regulatory Authority, Inc. ("FINRA"), of its 5000:1 reverse stock split. Beginning September 12, 2012, the symbol will be "CGFID." After 20 business days, the symbol will revert to the original symbol, "CGFIA." The post-split shares are assigned the new CUSIP number of 19647Y609. Transmittal letters will be sent to all shareholders of record affected by this reverse stock split by the Company's transfer agent, Corporate Stock Transfer of Denver, Colorado.

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