Mr. Robert Giustra reports

COLUMBUS GOLD CORP. ISSUES OPTIONS

Columbus Gold Corp. has granted incentive stock options to certain of its directors, officers, consultants and employees to purchase up to an aggregate of 2,125,000 common shares at an exercise price of 35 cents per share. One million two hundred thousand of the options vest immediately. Seven hundred seventy-five thousand of the options vest as to one-third on June 18, 2014, and one-third at the end of each of the next two six-month periods. One hundred fifty thousand of the options vest as to 50 per cent on Dec. 18, 2014, and the remaining 50 per cent on Dec. 18, 2015. All of the foregoing options expire on Dec. 18, 2018.