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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): December 15, 2008</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>COLORADO GOLDFIELDS INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
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    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>Nevada</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-51718</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-0716175</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD width="49%">&nbsp;</TD>
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    <TD style="border-bottom: 1px solid #000000"><B>10920 West Alameda Avenue, Suite 207<BR>Lakewood, CO<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>80226</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
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<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(303) 984-5324</B>


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    <TD nowrap style="border-bottom: 1px solid #000000"><B>N/A<BR></B></TD>
</TR>
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    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P align="justify" style="font-size: 10pt"><B>Item&nbsp;5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;
Compensatory Arrangements of Certain Officers.</B>


<P align="justify" style="font-size: 10pt"><U>New Employment Agreement with our Interim Chief Executive Officer</U>


<P align="justify" style="font-size: 10pt; text-indent: 4%">We employed Lee R. Rice on September&nbsp;10, 2008, as our Interim Chief Executive Officer. On December&nbsp;15, 2008, we
entered into a new employment agreement with Mr.&nbsp;Rice, <I>nunc pro tunc </I>to September&nbsp;10, 2008. Under the new agreement
which is month to month, we have agreed to the following: (i)&nbsp;the payment by our company to Mr.&nbsp;Rice of a salary of
$5,000 per month; (ii)&nbsp;certain employee benefits, including group health insurance, pension and profit sharing and
other such benefits that we may elect to provide our other employees from time to time.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The executive employment agreement may be terminated, among other things: (i)&nbsp;by notice of termination from one
party to the other; (ii)&nbsp;upon the death of Mr.&nbsp;Rice. Upon the termination of the executive employment agreement, Mr.
Rice will generally be entitled to separation pay equal to one month of pay for each year of service.


<P align="justify" style="font-size: 10pt; text-indent: 4%">The foregoing is a summary of the new employment agreement with Mr.&nbsp;Rice. Please review the executive employment
agreement, attached hereto as Exhibit&nbsp;10.1, for a complete description of all the terms and conditions of the
agreement.


<P align="justify" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>


<P align="justify" style="font-size: 10pt"><B><I>(d)&nbsp;</I></B><U><B><I>Exhibits</I></B></U>.

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    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreement: Lee R. Rice effective <I>nunc pro tunc</I>
September&nbsp;10, 2008</TD>
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<P align="center" style="font-size: 10pt; display: none">2
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<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="justify" style="font-size: 10pt; text-indent: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.


<P align="justify" style="font-size: 10pt; margin-left: 45%"><B>COLORADO GOLDFIELDS INC.</B>


<P align="justify" style="font-size: 10pt">Dated: December&nbsp;17, 2008


<P align="justify" style="font-size: 10pt; margin-left: 45%">By: <U><B>/</B>s/ C. Stephen Guyer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
C. Stephen Guyer<BR>
Chief Financial Officer<BR>

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<P align="center" style="font-size: 10pt; display: none">3
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<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


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    <TD width="8%">&nbsp;</TD>
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<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

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<TR valign="bottom">
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employment Agreement: Lee R. Rice effective <I>nunc pro tunc</I>
September&nbsp;10, 2008</TD>
</TR>
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{"company-data": {"conformed-name": "COLORADO GOLDFIELDS INC.", "cik": "0001344394", "assigned-sic": "1000", "irs-number": "200716175", "state-of-incorporation": "NV", "fiscal-year-end": "0831"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51718", "film-number": "081253754"}, "business-address": {"street1": "10920 W. ALAMEDA AVENUE", "street2": "SUITE 207", "city": "LAKEWOOD", "state": "CO", "zip": "80226", "phone": "303-984-5324"}, "mail-address": {"street1": "10920 W. ALAMEDA AVENUE", "street2": "SUITE 207", "city": "LAKEWOOD", "state": "CO", "zip": "80226"}, "former-company": {"former-conformed-name": "Garpa Resources, Inc.", "date-changed": "20051114"}}
Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 15, 2008
COLORADO GOLDFIELDS INC.
(Exact name of registrant as specified in its charter)
Nevada
000-51718
20-0716175
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
10920 West Alameda Avenue, Suite 207
Lakewood, CO
80226
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number, including area code:
(303) 984-5324
N/A
(Former name or former address if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers;
Compensatory Arrangements of Certain Officers.
New Employment Agreement with our Interim Chief Executive Officer
We employed Lee R. Rice on September 10, 2008, as our Interim Chief Executive Officer. On December 15, 2008, we
entered into a new employment agreement with Mr. Rice,
nunc pro tunc
to September 10, 2008. Under the new agreement
which is month to month, we have agreed to the following: (i) the payment by our company to Mr. Rice of a salary of
$5,000 per month; (ii) certain employee benefits, including group health insurance, pension and profit sharing and
other such benefits that we may elect to provide our other employees from time to time.
The executive employment agreement may be terminated, among other things: (i) by notice of termination from one
party to the other; (ii) upon the death of Mr. Rice. Upon the termination of the executive employment agreement, Mr.
Rice will generally be entitled to separation pay equal to one month of pay for each year of service.
The foregoing is a summary of the new employment agreement with Mr. Rice. Please review the executive employment
agreement, attached hereto as Exhibit 10.1, for a complete description of all the terms and conditions of the
agreement.
Item 9.01 Financial Statements and Exhibits.
(d)
Exhibits
.
Exhibit No.
Description
10.1
Employment Agreement: Lee R. Rice effective
nunc pro tunc
September 10, 2008
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
COLORADO GOLDFIELDS INC.
Dated: December 17, 2008
By:
/
s/ C. Stephen Guyer
C. Stephen Guyer
Chief Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
10.1
Employment Agreement: Lee R. Rice effective
nunc pro tunc
September 10, 2008