Colombia Goldfields Begins Trading on the Toronto Stock Exchange



    TORONTO, Aug. 27 /CNW/ - Colombia Goldfields Ltd (the "Company") is
pleased to announce that, effective at the opening of trading today, Monday,
August 27, 2007, the Company's common shares will commence trading on the
Toronto Stock Exchange ("TSX") under the symbol GOL.
    "Colombia Goldfields' listing on the TSX is a significant milestone for
the Company," said J. Randy Martin, President and Chief Executive Officer.
"This will increase our visibility, and expand the profile of Colombia
Goldfield's shares for analysts and investors in North America."

    About Colombia Goldfields

    Colombia Goldfields Limited, through its Colombian subsidiaries Cia
Minera de Caldas S.A. and Gavilan Minerales S.A., is developing a
multi-million ounce gold resource in Colombia's historic Marmato Mountain gold
district through a program of mineral property acquisitions, community
resettlement and exploration.
    Colombia Goldfields is also traded on the OTBBB in the US under the
symbol CGDF and in Germany with the symbol C2B.F.

    Disclaimer

    This release contains forward-looking statements that are based on the
beliefs of Colombia Goldfield's management and reflect Colombia Goldfield's
current expectations as contemplated under section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities and Exchange Act of
1934, as amended. When used in this release, the words "estimate, "project,"
"believe," "anticipate," "intend," "expect," "plan," "predict," "may,"
"should," "will," "can," the negative of these words, or such other variations
thereon, or comparable terminology, are all intended to identify
forward-looking statements. Such statements reflect the current views of
Colombia Goldfields with respect to future events based on currently available
information and are subject to numerous assumptions, risks and uncertainties,
including, but not limited to, risks and uncertainties pertaining to
development of mining properties, changes in economic conditions and other
risks, uncertainties and factors, which may cause the actual results,
performance, or achievement expressed or implied by such forward looking
statements to differ materially from the forward looking statements.





For further information:

For further information: Company Contact: Randy Martin, President & CEO,
Colombia Goldfields Ltd., (OTC BB: CGDF), 8 King Street East, Suite 208,
Toronto, Ontario, M5C 1B5, T: (416) 203-3856, F: (416) 361-0883,
info@colombiagoldfields.com, www.colombiagoldfields.com; U.S. Investor
Relations: Michelle Roth, Roth Investor Relations, Inc., Tel. (732) 792 2200,
Email: michelleroth@rothir.com; Canadian Investor Relations: Martti Kangas,
The Equicom Group, Toronto, ON, (416) 815-0700 x 243

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COLOMBIA GOLDFIELDS

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