The K2 Principal Fund L.P. acquires common shares of Colombia Goldfields Ltd.

    TORONTO, Aug. 21 /CNW/ - The K2 Principal Fund L.P. ("K2") announced that
it has acquired common shares of Colombia Goldfields Ltd. (GOL). As a result
of the acquisition of such shares, K2 owns 6,308,420 common shares,
representing approximately 6.03% of the issued and outstanding common shares
of GOL.
    The common shares were purchased by K2 in the open market on the Toronto
Stock Exchange. K2 acquired the securities for investment purposes only and
may, depending on market and other conditions, increase or decrease its
beneficial ownership, control or direction over, or exercise its current
rights to acquire, common shares or other securities of GOL through market
transactions, private agreements or otherwise.

    %SEDAR: 00025801E

For further information:

For further information: Dan Gosselin, The K2 Principal Fund L.P., (416)

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