Columbus Exploration Announces Private Placement

NOT FOR US DISTRIBUTION

Columbus Exploration Corporation ("Columbus Exploration") (TSX VENTURE:CLX)
(formerly Columbus Silver Corporation) (CSC: TSX-V) is pleased to announce that
it will undertake a non-brokered private placement of up to 3,400,000 common
shares at a price of $0.05 per share, for total gross proceeds of up to
CDN$170,000. There will be no warrants attached to the private placement and no
finders' fees will be paid. Proceeds of the private placement will be used for
general working capital purposes. The private placement is subject to approval
by the TSX Venture Exchange (the "TSXV").


ON BEHALF OF THE BOARD,

Robert F. Giustra, President, CEO, and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


This release contains forward-looking information and statements, as defined by
law including without limitation Canadian securities laws and the "safe harbor"
provisions of the US Private Securities Litigation Reform Act of 1995
("forward-looking statements"). In particular, and without limitation this news
release contains forward-looking statements pertaining to the private placement,
use of proceeds thereof, existence of warrants, and non-payment of finders'
fees. Forward-looking statements involve risks, uncertainties and other factors
that may cause actual results to be materially different from those expressed or
implied by the forward-looking statements, including without limitation: whether
Columbus Exploration is able to complete the private placement on the terms set
out herein or at all; Columbus Exploration's ability to obtain applicable
regulatory approvals for the private placement; Columbus Exploration's ability
to locate suitable investors; Columbus Exploration's ability to rely on
exemptions from prospectus and registration requirements in applicable law, both
in Canada and in other applicable jurisdictions; if required, the ability of
Columbus Exploration to locate finders;

whether the TSXV will approve the private placement on the terms contained
herein or at all; cost increases; unforeseen circumstances; risks associated
with the exploration projects or title thereto held by Columbus Exploration;
mineral reserve and resource estimates (including the risk of assumption and
methodology errors); dependence on third parties for services; non-performance
by contractual counterparties; title risks; and general business and economic
conditions. Forward-looking statements are based on a number of assumptions that
may prove to be incorrect, including without limitation assumptions about: that
the private placement will be completed on the terms set out herein in a timely
fashion; that Columbus Exploration will be able to locate suitable investors and
to rely on applicable prospectus and registration exemptions in connection
therewith; that Columbus Exploration will not require the use of finders to
locate suitable investors, and accordingly will not be required to pay finders'
fees to any entity; that the TSXV will approve the private placement on the
terms set out herein; general business and economic conditions; availability of
financing; and ongoing relations with employees, partners and joint venturers.
Although the foregoing forward-looking statements are considered reasonable at
the time of preparation, the aforementioned assumptions and factors may prove to
be imprecise and, as such, undue reliance should not be placed on
forward-looking statements. The aforementioned factors and assumptions are not
exhaustive. Columbus Exploration's actual results, performance, or achievement
could differ materially from those expressed in, or implied by, these
forward-looking statements. We can give no assurance that any of the events
anticipated will transpire or occur, or if any of them do, what benefits we will
derive from them. The forward-looking information contained in this document is
expressly qualified by this cautionary statement. The foregoing list is not
exhaustive and Columbus Exploration undertakes no obligation to update any of
the foregoing except as required by law.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Columbus Exploration Corporation
Investor Relations
604-634-0970 or 1-888-818-1364
604-634-0971 (FAX)
info@columbusgroup.com
www.columbusgroup.com
Columbus Exploration Corporation (TSXV:CLX)
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