Additional Gold Intercepts At Weepah Project 

VANCOUVER, BC - Columbus Gold Corporation reported final drill results from the Phase I drilling program recently completed at its Weepah gold project located in Esmeralda County, Nevada where the results to date warrant additional drilling.

Drill holes WP-6, 7, and 8 were 91-152 m (300-500 ft) offsets of the gold mineralization encountered in drill hole WP-5. All three offset holes cut gold with the best intercept in WP-7 which was 120 m (400 ft) northeast of WP-5 and cut 0.73 g/t (0.021 opt) from 16.8-44.2 m depth (55-145 ft).Gold mineralization remains completely open to the north and east, and possibly south of holes WP-5, 7, 8, and 9. Drill holes WP-9 through WP-15 were step-outs mainly to the south under gravel cover, which ranges from 25-95 ft (8-29 m) in thickness.The favorable Precambrian silt and limestone is present immediately under the gravel cover and altered with anomalous gold values.Hole WP-12 cut significant gold values, averaging 3.47 g/t (0.101 opt) gold from 79.2-83.8 m (260-275 ft), including 9.37 g/t (0.273 opt) gold from 80.8-82.3 m (265-270 ft). The controls of gold mineralization at Weepah are not as yet well understood however the results to date clearly warrant more drilling. A geologic analysis of drill results is underway and a detailed geophysical program designed to outline structure are proposed for mid-2011, to be followed by a Phase II drilling program. Based on the current geological understanding, the Phase II drilling program will consist mostly of angled drill holes. Assays reported herein were performed by American Assay Laboratories, Inc. in Sparks, Nevada. Standards and blanks were inserted along with the drill cuttings and reported in the assay results. Two separate splits of each 1.5 m (5 ft) of drill cuttings were obtained at the drill rig and the second split submitted for check assaying for the mineralized intervals. In addition, check assaying for select intervals, was completed for splits from the bulk reject and from the assay pulp obtained from the drill rig split. A total of 1417 drill samples were originally analyzed and 333 check assays, including nearly all mineralized intervals with original assays greater than 100 parts per billion (ppb) gold, were completed. No significant variations in results have been detected in the check assaying. The company's address Suite 307, 475 Howe Street, Vancouver, BC V6C 2B3.