Columbia Metals Corporation Limited

Columbia Metals Corporation Limited

March 14, 2005 16:05 ET

Columbia Grants Stock Options and Enters into Management Consulting Agreement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: COLUMBIA METALS CORPORATION LIMITED

TSX VENTURE SYMBOL: COL

MARCH 14, 2005 - 16:05 ET

Columbia Grants Stock Options and Enters into
Management Consulting Agreement

TORONTO, ONTARIO--(CCNMatthews - March 14, 2005) - Columbia Metals
Corporation Limited (TSX VENTURE:COL)(the "Company") is pleased to
announce that it has granted incentive stock options, subject to
regulatory approval, to directors, officers and employees of the Company
to purchase 1,387,200 common shares of the Company at a price of $0.47
per share for a period of five years.

Under the Company's stock option plan, a maximum of 10% of the issued
shares of the Company at any time may be reserved for issuance at the
time of the stock option grant.

Columbia is also pleased to announce that it has entered into a
Management Consulting Agreement with Carl Di Placido, the President of
the Company. This Agreement is subject to shareholder and regulatory
approval. Under the terms of the Agreement, Mr. Di Placido will provide
the Company with management consulting advise and devote so much of his
time to the business and affairs of the Company as may be reasonably
required by the Company.

Shares Outstanding: 37,272,077

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Columbia Metals Corporation Limited
    Chris Berlet
    (416) 364-6799
    (416) 364-2595 (FAX)
    www.columbiametals.ca
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.