Columbia Yukon Explorations Inc.: 100 Metre Step Out at Storie Deposit Hits 45 Metres Grading 0.16% Moly!

Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX
VENTURE:CYU)(FRANKFURT:VOR) is extremely pleased to announce additional assay
results from the Company's "Storie" property molybdenum deposit located near
Cassiar in northern British Columbia.


Seven additional drill holes (ST08-117, 120, 123, 124B, 125, 128 and 129) were
completed during the Company's 2008 drilling program and all seven holes have
intersected significant molybdenum mineralization (six of which are located
outside of the known NI 43-101 resource).


Drill hole ST08-117 (located 250 metres west of the known Indicated resource)
intersected 30 metres grading 0.078% Mo;


Drill hole ST08-120 (located 100 metres west of the known Indicated resource)
intersected 84 metres grading 0.054% Mo;


Drill hole ST08-123 (located 150 metres west of the known Indicated resource)
intersected 32 metres grading 0.064% Mo, including 10 metres grading 0.124% Mo;


Drill hole ST08-124B, a shallow dipping exploration hole (located 100 metres
south of the known Indicated resource) intersected 62 metres grading 0.034% Mo;


Drill hole ST08-125 (located 100 metres west of the known Indicated resource)
intersected 430 metres grading 0.075% Mo, including 117 metres grading 0.092% Mo
and 40 metres grading 0.163% Mo;


Drill hole ST08-128 (located 100 metres west of the known Indicated resource)
intersected 467 metres grading 0.055% Mo, including 24 metres grading 0.097% Mo,
21 metres grading 0.096% Mo and 45 metres grading 0.160% Mo; and


Drill hole ST08-129 (an infill hole designed to move the known deposit from an
Indicated category to a Measured category) intersected 123 metres grading 0.116%
Mo and 39 metres grading 0.063% 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 34 drill holes. The assay results for the remaining 15 drill holes
will be reported by the Company as they are received and analyzed.


"Drilling of the potential extensions to the resource (identified in the 3-D
modeling completed in 2008 by Mintec, Inc.) continues to intersect impressive
lengths of molybdenum mineralization. We continue to be extremely pleased with
the assay results from the 2008 drilling program, 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 seven drill holes referred to above are as follows:



------------------------------------------------------------------------
                                                                 Average
                                                     Average       Grade
Hole               From          To    Interval        Grade      (MoS2%)
Number          (metres)    (metres)    (metres)        (Mo%)         (i)
------------------------------------------------------------------------
ST08-117             86         116          30        0.078       0.130
------------------------------------------------------------------------
ST08-120            196         280          84        0.054       0.090
------------------------------------------------------------------------
ST08-123             40          72          32        0.064       0.107
------------------------------------------------------------------------
 including           44          54          10        0.124       0.207
------------------------------------------------------------------------
ST08-124B            68         130          62        0.034       0.057
------------------------------------------------------------------------
ST08-125             54         484         430        0.075       0.125
------------------------------------------------------------------------
 including          273         390         117        0.092       0.153
------------------------------------------------------------------------
 including          444         484          40        0.163       0.272
------------------------------------------------------------------------
ST08-128             14         481         467        0.055       0.092
------------------------------------------------------------------------
 including          122         146          24        0.097       0.162
------------------------------------------------------------------------
 including          280         301          21        0.096       0.160
------------------------------------------------------------------------
 including          436         481          45        0.160       0.267
------------------------------------------------------------------------
ST08-129            109         232         123        0.116       0.193
------------------------------------------------------------------------
 and                329         368          39        0.063       0.105
------------------------------------------------------------------------
(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 ("Watts Griffis"), and Mintec, Inc. of Tucson, Arizona ("Mintec"), 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. The assay results from the Company's 2008 drilling
program are being reviewed and analyzed by Watts Griffis and Mintec in
connection with the preparation of a further updated NI 43-101 report, the
results of which will be announced by the Company when completed.


All of the above holes were drilled using hydraulic drills producing NQ size
core. Most of 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. With the core that was not split, such core was from
certain infill drill holes that were surrounded by split core holes. This
measure was taken to confirm the Company's core handling procedure and to
determine whether a variance exists between the assay results from such core
samples.


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 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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