Vancouver, BC, Canada, May 28, 2009. Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold” or the “Company”) announces that in accordance with the Company’s stock option plan, it has granted incentive stock options to one of its directors to purchase up to an aggregate of 200,000 common shares exercisable on or before May 28, 2014 at a price of $0.25 per share. The issuance of the options is subject to board approval.

ON BEHALF OF THE BOARD,

Robert F. Giustra
President & 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.

For more information contact:

Ray Lagace
Investor Relations
604 638-3474 or
1 866 689-2599
info@columbusgoldcorp.com