Columbia Yukon Explorations Inc.
TSX VENTURE : CYU
FRANKFURT : VOR

Columbia Yukon Explorations Inc.

July 22, 2014 15:17 ET

Columbia Yukon Announces Changes to Management and Its Board of Directors and Increased Focus on the Development of Its Storie Property Molybdenum Project, BC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2014) - Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX VENTURE:CYU)(FRANKFURT:VOR) is pleased to announce the appointment of Brian Kynoch and Paul Champagne as Directors, Edward Yurkowski as interim President and Chief Executive Officer and Jimmy Mah as Chief Financial Officer and Corporate Secretary.

About Brian Kynoch:

Brian Kynoch is the president and a director of Imperial Metals Corporation. Brian's career in mining has encompassed all aspects of exploration, permitting, development, commissioning, operation and reclamation of numerous mines and mineral properties, including Mount Polley, Huckleberry, Sterling, Red Chris, Nickel Plate, Goldstream and Castle Mountain mines. Brian is a Civil Engineer (B.Ap.Sc. UBC) and a member of the Association of Professional Engineers of BC and the Canadian Institute of Mining and Metallurgy.

About Paul Champagne:

Paul Champagne is the president of Champco Capital Corp., a private investment company, and a director of Atacama Pacific Gold Corporation. Paul was previously a director of Baffinland Iron Mines Corporation and CMQ Resources Inc. Paul received his Bachelor of Commerce degree from the University of Manitoba in 1982, his Chartered Accountant designation in 1986 and a Chartered Business Valuator designation in 1990.

About Edward Yurkowski:

Edward Yurkowski has been a director of the Company since September 2008 and is a founder and the chief executive officer of Procon Mining and Tunnelling Ltd., a Vancouver based full-service mining contractor with operations in North America and other continents. Ed received his Bachelor of Science in Civil Engineering from the University of Saskatchewan in 1971 and holds a number of directorships with various mining companies, including Imperial Metals Corporation.

About Jimmy Mah:

Jimmy Mah is a Chartered Professional Accountant, with a broad range of mining industry experience, including budget and cost management, corporate governance, government and securities compliance, taxation, enterprise resource planning and information systems implementation. During his 16-year career, Jimmy has held senior management positions, including chief financial officer, in a number of public and private companies.

With these additions to Columbia Yukon's management and board, the Company intends to increase its focus on the development of its Storie property molybdenum project located near Cassiar, British Columbia. In connection with the above appointments, Douglas Mason (former Chief Executive Officer and director), Ronald Coombes (former President and director), Sead Hamzagic (former Chief Financial officer and director) and Benjamin Ainsworth, Bruce Morley and Andrzej Kowalski (each a former director) have voluntarily resigned from these positions with the Company. To assist the Company following these changes in management, Ronald Coombes has agreed to provide consulting services to the new management team.

"Since 2005, we, as previous management, have accomplished a great deal as we successfully explored, developed and strategically enhanced the Company's Storie property molybdenum project. At this stage, we recognize that the Storie property project will benefit from the future contributions of the new management team, that are expected to bring their mining expertise and capital raising abilities to the project which we believe will be beneficial for future shareholder value," said Douglas L. Mason, former Chief Executive Officer of Columbia Yukon.

Mr. Yurkowski stated, "I would like to thank the previous management and directors of Columbia Yukon for their significant contributions to the Company over a number of years. The reconstitution of the Company's board and management earlier today is an important milestone in the continued development of the Company's Storie property molybdenum project and will place the Company in a better position to maximizee shareholder value."

About Columbia Yukon Explorations Inc.:

Columbia Yukon is a Canadian mineral explorationn company focused on the development of its Storie Property molybdenum deposit. The Storie Property is situated about 6 km southwest of Cassiar, British Columbia. Cassiar is located 15 km (by paved road) west of Highway 37 which provides access to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.

Columbia Yukon Explorations Inc.

Edward Yurkowski, President and CEO

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements". All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include such matters as market prices, exploitation and exploration results, continued availability of capital and financing, and general economic, market or business conditions. Any forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.

Contact Information