**CONSULTING      AGREEMENT**

**BETWEEN:**

**Colombia      Goldfields Limited of Suite 208, 8 King**
** Street East,      Toronto, Ontario. Canada      M5C**
** **
**1B5**
** **
**"Company"**

**AND**

**STEWART      DAVID REDWOOD,**
** **
**"Dr.**
**Redwood".**

| I.    | The                Company is a Colombian based mining and exploration                company.                                                                                                    |
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| II.   | Dr                Redwood has certain skills, expertise and experience which the Company                wishes to employ;                                                                         |
| III.  | The                Company agrees to retain and Dr Redwood agrees to serve in the capacity                more particularly                set out in Article 2 of this                Agreement; |

**ARTICLE      I**

**ENGAGEMENT      AND DURATION**

| 1.1    | The                Company hereby engages the services of Dr Redwood and Dr Redwood                hereby                accepts                such engagement and                agrees to provide his services to the best of his ability and                in accordance                with the terms andconditions                of this                Agreement, as a geological consultant to                the Company.                               |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 1.2    | Dr                Redwood shall be responsible for the payment of all applicable taxes                with                respect to the payments                made by the Company to him hereunder.                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 1.3    | The                Company shall engage Dr Redwood for a term of two years commencing                on                October 1, 2006.                The term of this agreement is automatically renewed unless one months                notice is given by either party.                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 1.4    | The                Company guarantees a minimum of 15 days work per month. It is understood                that the actual number of days may vary from month to month by mutual                agreement and may be higher                or lower than 15 days, and that                Dr. Redwood will                invoice                the company on a monthly                basis for                the actual number of days                worked. |

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| 1.5 |  The Company agrees that it will put                a                Directors and Officers insurance policy in place as                soon as possible. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE      2**

**DUTIES**

| 2.1    | Dr.                  Redwood shall provide his services as Vice President of Exploration                  for                  the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.2    | Dr                  Redwood will use his best efforts to promote the interests of the                  Company                  and, to the extent necessary to discharge the responsibilities                  assigned to                  Dr Redwood, perform faithfully and efficiently suchresponsibilities.                   The                  Company acknowledges that Dr Redwood's                  duties will usually be performed on business days, but his duties                  as a** **geological                  consultant may be performed on weekends and holidays. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
| 2.3    | Dr                  Redwood shall report directly to Ian                  Park.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

**ARTICLE      3**

**REMUNERATION      AND BENEFITS**

| 3.1    | Dr.                Redwood shall be paid US$750 per day inclusive of travel days and                days                required to                write                and complete reports as requested.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 3.2    | Dr.                Redwood will receive a grant of 500,000 restricted shares in the                company.                Should Dr. Redwoods employment terminate with cause under Article                5 of                this contract or by his resignation before the period of two                yearshas                elapsed, he will be required to return a pro rata portion of the                shares                based on the time remaining on the contract. In the event of a                hostile                takeover of the Company or change of control of the Company by merger                or                sale                of a                majority stake or otherwise, the shares will immediately become                vested. |

**ARTICLE      4**

**RESTRICTIVE      COVENANTS**

| 4.1    | Subject                to the provisions of paragraph 4.1 hereof, during the term of this                Agreement and for the 12 months following the termination or expiration                of                this Agreement, Dr Redwood shall not:                                                                                                                                                 |
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|   | (a)                 own or have any interest directly in; nor                                                                                                                                                                                                                                                                                                                                      |
|   | (b)                 act as an officer, director, agent, employee or consultant                for                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Any                person, firm, association, partnership, corporation or other entity                (the                "Competitive                Entity")                engaged in mineral exploration within two kilometres of mineral claims                owned by the                Company in countries where the Company is actively engaged in mineral                exploration.  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                    |
| 4.2    | The                restriction set out in Section 4.1. above shall not apply to ownership                by                Dr Redwood of less than ten percent (10%) of the publicly traded                securities of any Competitive                Entity,                                                                                                                                         |

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|  4.3 | Except as provided in Section 4.1,                Dr Redwood                shall be free to engage in, and receive the                full benefit of, any activity that he sees fit, whether or not competitive                with the business of the                Company. |
|-----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4       | The                term "Confidential Information" means any and all information concerning                any aspect of                the Company not generally known to persons                other                than those associated with the Company. The Company may disclose,                in                writing or                orally, certain Confidential Information to Dr Redwood.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| 4.5       | Dr                Redwood acknowledges and agrees that, any Confidential Information                disclosed to him is in the strictest confidence. Any Confidential                Information disclosed to Dr Redwood in any form whatsoever is and                shall** **be                consideredconfidential                and proprietary information of the Company. During the course of                this                agreement he may be exposed to information about the Company's business                or                the business of its subsidiaries and its associate companieswhich                amount                to a trade secret, is confidential or is commercially sensitive and                which                may                not be readily available to others engaged in a similar business                to that                of the Company or of its subsidiaries and its associate companies                or                to the general public and which                if                disclosed may be liable to cause significant harm to the Company                its                subsidiaries and/or its associate companies, Dr Redwood therefore                agrees                and undertakes that:  |
| (a)       | will                not sell or seek to sell to anyone any information acquired by Dr                Redwood                in the course                of                his employment with the Company;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| (b)       | will                not obtain or seek to obtain any financial advantage (direct of indirect)                from disclosure of such information;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| (c)       | shall                observe any guidelines from time to time laid down by the Board of                Directors of the Company                and communicated to him relating to any transaction whether by way                of                purchase                sale or voluntary disposition in                the        equity share                capital                for the time being of the Company or any of its subsidiaries or associated                companies and shall keep secret and shall not at any time whether                during                or after the termination of this Agreement use for his own or another's                advantage or reveal to any person, firm or company (except in so                far as it                shall be necessary for him so to do in the proper performance of                his                duties hereunder) any such information;                                                                                                                                                                                                                                                                                                                                |
| (d)       | must                inform the Secretary of the Company of any acquisition of shares                in the                Company for inclusion in the Registrar of Director's and Employees                interests and must obtain the permission                of the Chairman of the Company to dispose of any shares in the Company                so                as                to                ensure that the Company adheres to the provisions of the Model Code                in all                share dealings.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
| (e)  | will                not either during the period of this agreement with the Company or                after                its termination** **without                limit in time use or divulge or communicate to any person,                firm,                company or organization                any trade secret or confidential information or information constituting                a                trade secret                acquired                or discovered in the course of your employment with the Company relating                to the private affairs or business of the Company or its subsidiaries,                or                associate companies, management of                shareholders.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |

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| 4.6    | The                restrictions on disclosures contained in paragraph 4.5                do** **not                apply (i) to any disclosure                authorized by the Board of                Directors                of the Company or as required by the order of a court of competent                jurisdiction or otherwiserequired                by law; or (ii) any information which you can demonstrate is in the                public                domain otherwise than as a result of a breach by you of this                Clause.                                                                                                                                                                      |
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|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.7    | All                inventions, discoveries, improvements, processes, designs, programmes                and                ideas made or conceived by you in the course of your employment with                the                Company shall belong exclusively to the Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 4.8    | All documents and records in whatever              form              (including photographic, magnetic or similar) which              come into your care or possession in the course of,              or              howsoever arising from, your              employment by the Company, and whether authored by you or otherwise,              shall              be the property of the Company in every respect, and shall not (save              where              authorized by the Company) be duplicated by you, or removed by you              from              the Company's premises, and shall              be returned by you to the Company immediately on your ceasing to be              an              employee |

**ARTICLE      5**

**TERMINATION**

| 5.1             | The Company may at its absolute discretion              terminate this agreement with immediate effect, and, (save with respect              to              (h) below), without compensation, in any of              the              following circumstances:                                                                                                                                                                                                                                         |
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|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (a)             | Gross neglect of Dr Redwood's duties,              gross              misconduct, material dishonesty, persistent refusal              to obey a lawful instruction by the Company, or leaving the job without              permission.                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (b)             | Gross and/or persistent breach of the              terms              and conditions of this agreement.                                                                                                                                                                                                                                                                                                                                                                                                 |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (c)   | Theft                or falsification by Dr Redwood of records relating to the Company's                business or employment by the Company.                                                                                                                                                                                                                                                                                                                                                          |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (d)        | Drunkenness,                or the abuse of alcohol, or being under the influence of narcotic                drugs                whilst on the Company's business.                                                                                                                                                                                                                                                                                                                                     |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (e)             | conviction                of a criminal offense other than summary conviction for driving offences                under the Road Traffic Acts.                                                                                                                                                                                                                                                                                                                                                          |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (f)             | bringing              the Company or its business into disrepute.                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (g)             | being declared bankrupt.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| (h)             | incapacity                on grounds of physical or mental health or otherwise (save within                the                power of control                of the Company) to discharge duties and responsibilities in the terms                set                out herein.                                                                                                                                                                                                                       |
|            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 5.2.       | In                the event of termination of this agreement, and excepting circumstances                which justify the immediate termination of your employment by the                Company,                and excepting circumstances in Article 5.4 the Company undertakes                to                give                Dr Redwood, one months written notice. If Dr Redwood wishes to leave                the                Company's employment he is required to give the Company |

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|      | one months written notice. However,              both              parties are free to waive their right to noticeand/or              accept pay in lieu of notice, if agreed between them.                                                                                                                                                                                                                                                                                                                                                                             |
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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 5.3  | Nothing              in this agreement shall prevent the giving of a lesser period of notice              by              either party              where it is mutually agreed.                                                                                                                                                                                                                                                                                                                                                                                        |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 5.4       | In the event of this Consulting Agreement              being terminated by a hostile takeover of the              Company or change of control of the Company by merger or sale of a              majority stake or otherwise, Dr. Redwood shall by way of compensation              receive consulting fees for the greater of the remaining term of the              contract or one year.                                                                                                                                                                            |
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| 5.4       | Notice by either party shall be served              in              writing, and shall be deemed to have been served, in the case of notice              by              the company, no later than two days after recorded mailing of suchnotice              to Dr Redwood at the address last notified by him to the Company and,              in              the case of              notice by Dr Redwood, no later than two days after recorded mailing              of              such notice to the Company at its registered office in              Canada. |

**ARTICLE      6**

**GENERAL      PROVISIONS**

| 6.1       | It is very important that the highest              standards of hygiene are maintained at all times. Accordingly, you              are              required to pay stringent attention to personal hygiene and to adhere              to              the Company's requirements in that regard.                                                                                                                                                                |
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|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 6.2  | The                Company will take all reasonable practicable steps to ensure your                health,                safety and welfare                while at work. You must familiarize yourself with the Company's Health                and                Safety Policy                and its Safety and Fire rules. It is alsoyour                duty to take care of your own health and                safety and that of your colleagues. |

| 6.3 | The Company shall reimburse Dr Redwood              for              all reasonable and authorized business expenses, incurred in the              performance of duties pursuant to this Agreement, provided that Dr              Redwood provides the Company with a written expense account in reasonable              detail on              a              monthly basis. Authorization criteria and procedures will conform with              general Company practice. |
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| 6.4 | This Agreement constitutes the entire              Agreement between the parties hereto and there are              no              representations, express or implied, statutory or otherwise other than              set              forth in this Agreement and there are no Agreements collateral hereto              other than as are expressly set forth              or referred to herein. This Agreement cannot be amended or supplemented              except by              a              written agreement executed by all parties              hereto. |
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| 6.5 | The                provisions of the Agreement shall have effect from the date hereof                and                shall continue in                effect until terminated in accordance with the provisions of this                Agreement. Subject to the provisions of this Agreement,                thereafter,this                Agreement shall be automatically renewed for successive one-year                periods                if no written notice has been given by either party to the other                in                accordance with the period of notice stated on paragraph 5.2 stating                such                party'sintention                to terminate this Agreement, |
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| 6.6 | This                Contract of Employment shall be governed by and construed in accordance                with the                laws of Ontario, Canada. |
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| 6.7 | This                  Agreement may be executed in counterpart and such counterparts                  together                  shall constitute                  one and the same instrument and notwithstanding the date of execution                  shall be                  deemed to bear the date as set out on the firstpage                  of this Agreement. |
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**J.      Randy Martin, President/C.E.O.**

**Stewart      D. Redwood**

** **
**St      **