Columbia Yukon Explorations Inc.: 150 Metre Step Out at the Storie Deposit Hits 166 Metres Grading 0.092% Moly!

Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX
VENTURE:CYU)(FRANKFURT:VOR) is extremely pleased to further announce the ongoing
expansion of the known mineralized zone at the Company's "Storie" property
molybdenum deposit located near Cassiar in northern British Columbia.


Five additional drill holes (ST08-114, 121, 124, 126 and 127) were completed and
all five intersected significant molybdenum mineralization (four of which holes
are located outside of the known NI 43-101 resource).


Drill hole ST08-114 (located 450 metres west of the known Indicated resource and
200 metres south of previously reported hole ST08-112) intersected 33 metres
grading 0.053% Mo, including 9 metres of 0.112% Mo;


Drill hole ST08-121 (located 100 metres west of the known Indicated resource)
intersected 230 metres grading 0.086% Mo, including 112 metres grading 0.114%
Mo;


Drill hole ST08-124 (an exploration hole located 150 metres south of the known
Indicated resource) intersected 14 metres grading 0.142% Mo;


Drill hole ST08-126 (located 150 metres west of the known Indicated resource)
intersected 402 metres grading 0.059% Mo, including 166 metres grading 0.092%
Mo; and


Drill hole ST08-127 (an infill hole designed to move the known deposit into the
measured category) intersected 333 metres grading 0.066% Mo, including 176
metres grading 0.083% Mo.


A total of 49 drill holes were completed by Columbia Yukon in its 2008 drilling
program on the Storie property. To date, assay results have been received and
reported for 27 drill holes. The assay results for the remaining 22 drill holes
will be reported by the Company as they are received.


"Drilling of the potential extensions to the resource (as identified in the 3-D
modeling completed earlier this year by Mintec, Inc.) continues to intersect
impressive lengths of molybdenum mineralization. We continue to be extremely
pleased with this year's assay results, which indicate molybdenum mineralization
well beyond the boundaries of the known resource area. The Company believes that
these results are going to expand the deposit size significantly and
substantially increase the overall mineral resource for the Storie property
project," said Ronald Coombes, President and CEO of Columbia Yukon.


The assay results for the five drill holes referred to above are as follows:



-----------------------------------------------------------------------
                                                                Average
                                                   Average        Grade
Hole               From          To    Interval      Grade       (MoS2%)
Number          (metres)    (metres)    (metres)      (Mo%)          (i)
-----------------------------------------------------------------------
ST08-114            171         204          33      0.053        0.088
-----------------------------------------------------------------------
 including          195         204           9      0.112        0.187
-----------------------------------------------------------------------
ST08-121            132         362         230      0.086        0.143
-----------------------------------------------------------------------
 including          248         360         112      0.114        0.190
-----------------------------------------------------------------------
ST08-124             30          44          14      0.142        0.237
-----------------------------------------------------------------------
ST08-126             50         452         402      0.059        0.098
-----------------------------------------------------------------------
 including          286         452         166      0.092        0.153
-----------------------------------------------------------------------
ST08-127             30         363         333      0.066        0.110
-----------------------------------------------------------------------
 including           50         226         176      0.083        0.138
-----------------------------------------------------------------------
(i) conversion factor: 1% MoS2 equals 0.5999% Mo



The current NI 43-101 Mineral Resource estimate report, as prepared by Watts,
Griffis and McOuat Limited, Consulting Geologists and Engineers of Toronto,
Ontario, and Mintec, Inc. of Tucson, Arizona, has been prepared in compliance
with NI 43-101 and presents a review of the geology and Mineral Resources of
Columbia Yukon's Storie property molybdenum deposit. The Company has filed the
NI 43-101 report on www.SEDAR.com and on its website at www.columbiayukon.com.


All of the above holes were drilled using hydraulic drills producing NQ size
core. The core was sawn in half by a diamond bit rock saw and half of the core
was retained and stored in the core box for permanent record or later reference.
The other half was bagged and sent to Loring Labs of Calgary, Alberta, where it
was crushed and pulverized. A one gram sample was then split out and dissolved
in a four acid complete dissolution and analyzed for molybdenum using an "AA"
(atomic absorption) finish. In addition to both Loring Labs' and Columbia
Yukon's internal QA/QC, every 20th sample reject pulp is being sent to Acme
Analytical Laboratories of Vancouver, B.C. for inter-laboratory analysis.


This news release has been reviewed and approved by Mr. Arnold Pollmer, P.Geo.,
who is acting as the Qualified Person for the Company's Storie property
molybdenum project in accordance with regulations under NI 43-101.


About Columbia Yukon Explorations Inc.:

Columbia Yukon is a Canadian mineral exploration company focused on the
development of its Storie property molybdenum deposit. The Storie property is
situated about 6 km southwest of Cassiar, British Columbia. Cassiar is located
15 km (by road) west of Highway 37, which provides access to Watson Lake, Yukon,
to the north and Dease Lake and Stewart, British Columbia, to the south.


Columbia Yukon Explorations Inc.

Ronald A. Coombes, President & CEO
(TSXV:CYU)
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