Columbia Yukon Explorations Inc.

Columbia Yukon Explorations Inc.

May 06, 2011 13:58 ET

Columbia Yukon Announces Advisory Board Appointment

WEST VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2011) - Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX VENTURE:CYU)(FRANKFURT:VOR) is pleased to announce the appointment of Ms. Jo Harris to the Company's Senior Advisory Board. Ms. Harris has over 20 years' experience building a solid reputation in the public and private sectors supporting socially viable mineral exploration and development projects in British Columbia. In addition to her appointment to Columbia Yukon's Advisory Board, Ms. Harris has been engaged by the Company to provide consultant services in relation to assisting in moving the Company's "Storie" property molybdenum project through the early development stage.

President, Ron Coombes states, "We are very pleased to have Ms. Harris join our highly skilled team. Her vast experience in mine permitting and approvals, and finding and building on common ground between mining companies and communities, will be a definite asset to us as we manage the development of the Storie property molybdenum project".

Ms. Harris has held the position of Senior Project Manager at the Ministry of Energy, Mines and Petroleum Resources, and was involved in formulating and implementing public and First Nations engagement strategies at the BC Environmental Assessment Office. She has developed strong working relationships with federal, provincial and regional government agencies, First Nations, communities and industry throughout British Columbia. During her career, Ms. Harris has been involved in over sixty mine openings, closings and expansions in the Province of British Columbia.

In connection with the engagement of Ms. Harris, and in accordance with the terms of the Company's Stock Option Plan, Columbia Yukon has granted Ms. Harris 50,000 stock options, and additionally, the Company has granted 445,000 stock options to certain directors, officers, employees and consultants, all such options at an exercise price of $0.15 per share and for a term of 5 years.

About Columbia Yukon Explorations Inc.:

Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Property molybdenum deposit situated about 6 km southwest of Cassiar, British Columbia. The Storie Property molybdenum deposit has an April 2009 updated NI 43-101 compliant Measured and Indicated Resource of 139.82 million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39 million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off of 0.030% Mo). Cassiar, British Columbia is located 15 km by road west of Highway 37 which connects to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.

Columbia Yukon Explorations Inc.

Ronald A. Coombes, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Columbia Yukon Explorations Inc.
    Mr. Clive Shallow
    Shareholder Communications

    Columbia Yukon Explorations Inc.
    Robert A. Young
    Investor Relations