LAKEWOOD, CO -- (Marketwire) -- 08/07/09 -- Colorado Goldfields Inc. (OTCBB: CGFIA) in response to several inquiries by our loyal and valued shareholders, we are providing the following updates.Exploration drilling activities during the 2009 season have been understandably challenged by a restrictive financing marketplace. The Company has pursued many avenues of funding for our drilling program and we continue to evaluate alternatives presently available for junior mining companies. On the other hand and as described in recent press releases, we are extremely pleased with the progress made toward re-activating our Pride of the West Mill. Moreover, financing for the
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