News Releases

Columbus Gold Corp. Retains Lagace Capital for Investor Relations

June 1, 2006

Vancouver, British Columbia, Canada. June 1, 2006. Columbus Gold Corporation (CGT: TSX-V), (“the Company” or “Columbus Gold”) is pleased to announce that it has engaged the professional (consulting) investor relations services of Lagace Capital. The consulting agreement is for an initial term of one year at a rate of CDN $57,000 per annum and, in accordance with the Company’s stock option plan, 100,000 incentive stock options exercisable at $0.85 per share expiring May 24, 2011. Mr. Ray Lagace is the principal of Lagace Capital and will provide full-time investor relations services to Columbus Gold with the primary mandate of increasing awareness and exposure of the Company to individual investors and members of the investment community in North America and Europe.

Mr. Lagace brings several years of investment industry experience to the Company, including working as an Assistant Investment Advisor with Canaccord Capital, several years of investor relations experience with resource-focused public companies and eventually forming his own IR consulting business.


Columbus Gold has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. The Company owns 100% interests, subject to small royalty interests, in ten gold projects strategically located along or near Nevada’s most productive gold trends and four non-core gold, silver and copper properties in Arizona. Columbus Gold’s project activities are managed by Cordilleran Exploration Company (“Cordex”), owned and operated by John Livermore and Andy Wallace who have a long and distinguished history of gold discovery and mine development in Nevada.

Kenneth P. Judge

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For more information contact:

Ray Lagace
Investor Relations
Tel: (604) 638-3474
Toll free: 1-866-689-2599