SOURCE: Columbia Metals Corporation Ltd.

August 31, 2007 16:27 ET

Columbia Announces Investor Relations Engagement

TORONTO--(Marketwire - August 31, 2007) - Columbia Metals Corporation Limited (TSX-V: COL) ("Columbia") has engaged International Financial Consulting International Coordination Ltd. ("IFC") of Hannah Bay Estates, Sea Cows Bay, Tortola, British Virgin Islands as an investor relations consultant to provide international investment promotional services to Columbia.

The investor relations agreement (the "Agreement") is effective immediately, and is for a term of 12 months. As sole compensation for its services, IFC will be granted options under Columbia's stock option plan entitling it to purchase up to a total of 500,000 common shares at an exercise price to be determined in accordance with the TSX Venture Exchange ("TSX-V") policies as at the date the options are granted. The options will vest up to a maximum of 125,000 options every three months commencing on the third month after the date of this Agreement, with the amount of options vested based upon services provided by IFC in the preceding three months as reviewed and determined quarterly by Columbia's Board of Directors. The options will be granted upon receipt of the TSX-V acceptance of the Agreement.

Services provided by IFC under the agreement include:

* Diversification of Columbia's shareholder base with a focus on long-term investors;

* Assist with scheduling and attendance on meetings with institutional investors, shareholders, potential shareholders, the financial community and the media;

* Assist with the development of a complete public relations and marketing program;

* Assist in providing advice and guidance to Columbia in its relationship with trade and the financial media;

* Assist with the creation and maintenance of Columbia's contact lists and implementation of an effective web-based marketing strategy including regular electronic update services.

IFC is a private company incorporated in the British Virgin Islands, solely owned by James Mark Plaxton. IFC provides international investment promotion services. It currently owns an aggregate of 2,871,000 common shares of Columbia, which represents an aggregate of 3.79% of Columbia's current issued and outstanding share capital.

For further information, please contact Columbia Metals Corp. Ltd. at (416) 364 - 6799

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Shares Outstanding: 67,896,427

Contact Information

  • Contact:
    Columbia Metals Corporation Limited
    402 - 121 Richmond Street West
    Toronto, ON
    M5H 2K1 Canada
    Phone: (416) 364-6799
    Fax: (416) 364-2595
    www.columbiametals.ca