Mr. Robert Giustra reports

COLUMBUS GOLD ANNOUNCES PRIVATE PLACEMENT

Columbus Gold Corp. has arranged a non-brokered private placement of up to 20 million units of Columbus Gold at a price of 50 cents per unit, for total gross proceeds of up to $10-million. Each unit will consist of one common share in the capital of Columbus Gold and one-half of one common share purchase warrant. Each whole common share purchase warrant will entitle the holder to acquire one common share at a price of 75 cents for a period of 12 months from the closing date of the private placement. Finders' fees may be paid in connection with the private placement in accordance with the policies of the TSX Venture Exchange. Columbus Gold intends to use the proceeds of the private placement to advance its Eastside gold project in Nevada and for general working capital purposes. The private placement is subject to approval by the TSX-V.

We seek Safe Harbor.