AMEC Starts Preliminary Economic Assessment of Columbia Yukon's Storie Property Molybdenum Deposit

Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX
VENTURE:CYU)(FRANKFURT:VOR) is pleased to report that it has commissioned AMEC
Americas Limited ("AMEC") of Vancouver, B.C. to complete a NI 43-101 Preliminary
Economic Assessment ("PEA" or "Scoping Study") for its Storie Property
molybdenum deposit.


The AMEC team of highly skilled project management, engineering and mining
consultants have begun the PEA study with an estimated completion timeframe of
fourth quarter 2011. Once Columbia Yukon has received the PEA study, the Company
intends to move toward establishing strategic partnerships and/or other funding
alternatives to enable a feasibility study to be completed during 2012. 


By way of background, in late 2009 AMEC was commissioned to complete a
"Conceptual Review" of the Storie Property molybdenum deposit. The Conceptual
Review was designed with the purpose of reviewing the project so that the
Company could identify potential project deficiencies prior to engaging in a
Preliminary Economic Assessment of the project. The Company has since addressed
certain identified potential deficiencies of the Conceptual Review and is now
positioned to move forward with the PEA.


The Storie Property molybdenum project is located near the former town site of
Cassiar, British Columbia. In June 2007, an NI 43-101 technical report was
prepared by Watts, Griffis and McQuat Limited ("WGM"), Consulting Geologists and
Engineers, of Toronto. In April 2009, WGM, in conjunction with Mintec, Inc of
Tucson, Arizona, prepared a further NI 43-101 technical report which provided
Columbia Yukon with an updated resource calculation for its Storie Property
molybdenum deposit. The April 2009 updated NI 43-101 compliant technical report
(the "April 2009 WGM Report") reported a Measured and Indicated Resource of
139.82 million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and also
reported an Inferred Resource of 58.39 million tonnes grading 0.059% Mo (at a
cut-off of 0.030% Mo). 


About AMEC

AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering
and project management services to the world's oil and gas, minerals and metals,
clean energy, water and environmental sectors. With annual revenues of almost
GBP 3 billion, AMEC designs, delivers and maintains strategic and complex assets
for its customers.


About Columbia Yukon Explorations Inc. - The Early Development Stage

Leading up to the Preliminary Economic Assessment process, Columbia Yukon has
been focused on the steps necessary to move its Storie Property molybdenum
deposit to the development stage, which also included the completion of a
preliminary bulk sample metallurgical analysis, as prepared by SGS Canada Ltd.
("SGS") of Vancouver, British Columbia. The testing by SGS was performed on four
composites compiled from over 100 samples taken from all areas of the Storie
Property deposit. The results of the 10 KG flotation tests on four variability
composites achieved a concentrate grade of 37% to 50% Mo and a recovery of 75%
to 84% and the master composite (composite B, which is a combination of all
samples) achieved a 50.15% Mo concentrate grade, while recovering 81.2% of the
contained molybdenum. The test program showed that a minimum of a 14 minute
retention time in rougher flotation at a grind of 80% passing 112 microns would
yield recoveries ranging from 89.9% to 96.4% (as referenced in the April 2009
WGM Report).


Columbia Yukon Explorations Inc.

Ronald A. Coombes, President & CEO

(TSXV:CYU)
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