Columbus Gold Corporation

Columbus Gold Corporation

March 21, 2007 09:00 ET

Columbus Gold and Cordex Extend Exclusive Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2007) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that it has extended its agreement with Cordilleran Exploration Company ("Cordex") to design, initiate and carry out generative and mineral exploration activities in Nevada and elsewhere in the United States exclusively on behalf of Columbus Gold until December 31, 2008. The agreement also provides that the term may also be extended for up to an additional four years beyond December 31, 2008.

Cordex' mandate includes the identification of prospective acquisition opportunities (including through staking) for Columbus Gold and to design and carry out exploration programs on the Company's portfolio of properties.

"Columbus Gold is extremely fortunate to exclusively enjoy the benefit of working with the immensely experienced Cordex team and its principals Andy Wallace and John Livermore who are widely regarded as being among Nevada's most successful mine finders," said Robert Giustra, President and CEO. "The extension of this agreement continues our excellent working relationship with the Cordex team as we pursue our shared objective of discovering significant gold deposits."

For further information about Cordex, please visit:


Columbus Gold Corporation is a gold exploration and development Company operating principally in Nevada. The Company has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus controls a 100% interest, subject to royalties, in 20 gold projects strategically located along or near Nevada's most productive gold trends and 5 silver and copper projects located in Arizona and Utah.

The Company maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has 11 of its projects joint ventured to major and junior mining companies.


Robert Giustra, President & CEO, Director

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

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