Columbus Gold Corporation
TSX VENTURE : CGT
OTCQX : CBGDF

Columbus Gold Corporation

August 04, 2015 19:25 ET

Columbus Gold Files Final PEA Report on Montagne d'Or Gold Deposit, Paul Isnard Project, French Guiana

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 4, 2015) - Columbus Gold Corporation (TSX VENTURE:CGT)(OTCQX:CBGDF) ("Columbus Gold") announces further to its news release dated July 8, 2015, it has filed a final NI 43-101 technical report dated July 31, 2015 prepared by SRK Consulting (U.S.) Inc. of Denver, CO entitled "Amended NI 43-101 Technical Report, Preliminary Economic Assessment Montagne d'Or Gold Deposit, Paul Isnard Project, Commune of Saint-Laurent-du-Maroni, NW French Guiana," (the "Final PEA").

The Final PEA incorporates enhanced cautionary language and improved disclosure regarding the nature of preliminary economic assessments. In particular, the following cautionary language applies to all the company's disclosure of resources used as input to a PEA, and to all disclosure of the PEA results.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The preliminary economic assessment is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized.

The amended complete report is available on SEDAR (www.sedar.com) and on Columbus Gold's website at:

www.columbusgoldcorp.com/i/pdf/techrep-2015-07-31-PEA-Paul-Isnard-MO.pdf

Bret Swanson and Bart Stryhas of SRK Consulting (U.S.), Inc. of Denver, CO who are both "Independent Qualified Persons" as defined by NI 43-101, have reviewed this press release.

ON BEHALF OF THE BOARD,

Robert F. Giustra, Chairman & 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.

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