Columbia Yukon Provides Corporate and Property Update

Columbia Yukon Explorations Inc. (TSX VENTURE:CYU)(FRANKFURT:VOR) (the "Company"
or "Columbia Yukon") is pleased to provide a corporate and property update
regarding its "Storie" Property molybdenum deposit, located near Cassiar, B.C.,
and its support of the "Northwest Powerline Coalition".


Development of the Storie Property Project:

Columbia Yukon recently announced its 2009 updated NI 43-101 Mineral Resource
Estimate Report for the Company's Storie Property molybdenum deposit (see News
Release dated April 16, 2009). As indicated in the NI 43-101 Report, the current
estimated total of both Measured and Indicated Resources categories is 139.82
million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39 million
tonnes of Inferred Resource grading 0.059% Mo (at a cut-off of 0.030% Mo). The
complete 2009 updated NI 43-101 Report is filed on Sedar (www.sedar.com) and is
also available on the Company's website (at www.columbiayukon.com).


In the summer of 2009, Columbia Yukon intends to proceed with further
specifically focused drilling, and as well, has commissioned an engineering
study to identify areas of interest for tailings and mill construction. In
addition, the Company intends to formally enter into the Environmental
Assessment ("EA") process with the British Columbia Environmental Assessment
Office, which will then result in the Storie Property becoming a "reviewable
project" under the EA regulations. During the past year, the Company and its
independent environmental consultant, Dillon Consultants, have had initial round
table consultation meetings regarding the Storie Property project in Smithers,
B.C. with Provincial Government regulatory officials. The purpose of these
meetings was to identify any critical path issues that could be dealt with in
advance of the estimated 18 months EA permitting process period. A subsequent
meeting was also held in Vancouver, B.C. with the Federal regulatory officials,
at which time a number of the same project issues (that were identified with
B.C. regulators) were discussed. The Company is very pleased with the assistance
and cooperation that it has received to date from the provincial and federal
authorities regarding its Storie Property project.


Power Transmission Line for the "Highway 37 Corridor":

Columbia Yukon is very encouraged with the B.C. Liberal Government's leadership
and Cabinet's recent decision to move forward with an Environmental Assessment
for the proposed Highway 37 power transmission line which would provide a
positive impact on the development of British Columbia's Northwest region.
Columbia Yukon is pleased to announce its membership in the Northwest Powerline
Coalition, which was formed by a number of interest groups, to encourage the
economic development of Northern British Columbia.


"We have initiated a number of key steps towards the further development of the
Company's Storie Property deposit located near Cassiar, B.C. via Highway 37. The
Storie Property project has the potential to create a significant number of well
paying employment opportunities during the course of its development. We feel
that moving forward with an Environmental Assessment for the proposed power
transmission line is a significant milestone for us and others in the region.
Should the power transmission line project proceed, it will stimulate much
needed development to northern communities and assist in the advancement of
several significant natural resource deposits," said Ronald Coombes, President
and CEO of Columbia Yukon Explorations Inc.


The Northwest Powerline Coalition recently released its Delivering Green Power
to Northern British Columbia, an updated report based on a 2008 document by the
Mining Association of B.C. Delivering Green Power to the Northern British
Columbia provides a detailed and timely overview of the environmental and
economic benefits that the proposed powerline along the Highway 37 Corridor will
have for Northern B.C. and for all Canadians.


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

This news release includes certain statements that may be deemed
"forward-looking statements". All statements, other than statements of
historical facts, that address such matters as future exploration, drilling,
exploration activities, potential mineralization and resources and events or
developments that the Company expects, are forward looking statements and, as
such, are subject to risks, uncertainties and other factors of which are beyond
the reasonable control of the Company. Although the Company believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ
materially from those in forward-looking statements include such matters as
market prices, exploitation and exploration results, continued availability of
capital and financing, and general economic, market or business conditions. Any
forward-looking statements are expressly qualified in their entirety by this
cautionary statement. The information contained herein is stated as of the
current date and subject to change after that date.
(TSXV:CYU)
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