SOURCE: Columbia Metals Corporation Ltd.

April 02, 2007 13:03 ET

Columbia Progresses Equipment Procurement and Plant Construction at Lluvia de Oro Gold Mine

TORONTO -- (MARKET WIRE) -- April 2, 2007 -- Columbia Metals Corporation Limited (TSX-V: COL) is pleased to report that:

* A US $300,000 property payment due to Tara Gold Resources Corp. April 02, 2007 was made March 29, 2007.

* Under an existing agreement, project funding for the procurement of equipment and for construction on the processing plant at Lluvia de Oro has been arranged. The Company expects gold plant commissioning by the fourth quarter of 2007 followed by commissioning of the BioteQ plant for copper and cyanide recovery in the first quarter of 2008.

* Crushing and stacking equipment for the conventional gold heap leach operation has been sourced and is available for immediate delivery.

Shares Outstanding: 59,896,427

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

Contact Information

  • For further information, please contact:

    Columbia Metals Corporation Limited
    Carl Di Placido
    President and CEO
    (416) 364-6799

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