Columbus Gold Corporation
TSX VENTURE : CGT

Columbus Gold Corporation

August 11, 2014 09:00 ET

Columbus Gold Files Technical Report Prepared by Coffey and Supported by SRK on Its Paul Isnard Gold Project, French Guiana

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2014) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold") is pleased to announce that it has SEDAR filed a National Instrument 43-101 compliant technical report prepared by the Perth Australia office of independent consultant Coffey Mining Pty Ltd. The report relates to the updated resource estimate on Columbus Gold's Montagne d'Or gold deposit, Paul Isnard Project, French Guiana. Utilizing a cut-off grade of 0.4 g/t gold, the estimate yields 140.1 million tonnes at an average grade of 1 g/t gold for a total of 4.31 million contained Inferred ounces of gold.

SRK Consulting (U.S.), Inc. has reviewed the procedures and results of the current updated resource estimate prepared by Coffey and confirms that its previous concerns with the methodologies used in Coffey's prior estimate of December 2012, have been addressed within the current resource estimation and SRK supports the results.

For additional information, please refer to the news releases of May 5th, May 30th, and June 30th, 2014. The updated technical report can also be viewed on Columbus Gold's SEDAR profile at www.sedar.com or at Columbus Gold's website www.columbusgoldcorp.com.

Louis Voortman, Principal Consultant - Resources, at Coffey Mining Pty Ltd, Qualified Person for the resource estimation, has reviewed and approved the contents of this news release as far as it relates to their work.

Rock Lefrançois, P.Geo. (OGQ), Columbus Gold's COO and Qualified Person has reviewed and approved the technical content of this news 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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