Columbus Energy Withdraws From PenGas Joint Venture and AGM Results

Columbus Energy Limited ("Columbus Energy" or the "Company") (TSX VENTURE:CEL)
announces that it has withdrawn from its Italian Calcio Joint Venture with
PenGas. Efforts to sell its interest were unsuccessful. The Company has written
off $232,761 in project expenses on its June 30, 2009 financial statements.


The Company also reports that all of the resolutions presented to the
shareholders at the June 26, 2009 annual general meeting passed with large
majorities. The shareholders approved the resolution giving the authority to the
Board of Directors, at their discretion, to proceed or not to proceed, with the
consolidation of share capital by five to one. This resolution was approved with
97% of the votes cast in favour of the resolution. No consolidation decision has
been made at this time.


The Company is currently assisting Columbus Gas & Oil in seeking financing for
the development and/or sale of its offshore oil concessions in Tunisia. It is
also seeking solid fuel energy projects in Europe and Asia.

Columbus Energy Limited (TSXV:CEL)
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