Columbus Gold to Purchase Outright 100% Interest Paul Isnard Gold Project 

VANCOUVER, BC - Columbus Gold Corp. has executed an amending agreement (the "Amendment") that provides for Columbus Gold to accelerate its ability to earn-in to the Paul Isnard gold project in French Guiana. With the Amendment, Columbus Gold is now able to acquire an immediate 100% interest to the project by paying US$1.5 million to Auplata SA. For clarity, Columbus Gold will no longer be required to complete minimum exploration expenditures nor complete a bankable feasibility study. The Paul Isnard Project includes the 43-101 compliant 1.9 million ounce Montagne d'Or inferred gold deposit.

Robert Giustra, Chairman & CEO of Columbus Gold, stated: "This latest amendment results in an acquisition cost of about US$5.30 per ounce for 1,890,000 inferred ounces, which is a very impressive achievement in an environment of historically high gold prices. In addition, the deal removes any doubt respecting our ability to achieve a 100% interest in the project. Combined with the recent news concerning the reduction of the underlying royalty, it is not unreasonable to point-out that this project has been materially de-risked. We are now prepared to proceed with an aggressive drilling campaign."