News Releases

Columbus Gold Corporation Increases Size of Private Placement

June 28, 2010

Vancouver, British Columbia, Canada. June 28, 2010. Columbus Gold Corporation (CGT: TSX-V) (the “Company”) is pleased to announce that it has increased the size of the private placement previously announced on April 26, 2010 and May 25, 2010. The private placement, originally announced at $1.8 million, has been increased to $1.95 million. The Company has already closed on $926,500 in the first tranche, and expects to close the second tranche in due course. Other details of the private placement remain unchanged from the aforementioned news releases.


Robert F. Giustra
President & CEO, Director

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

This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”), respecting the Company’s private placement. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to complete the private placement; ability to obtain applicable regulatory approvals for the private placement; ability to locate and dependence on placees and finders; non-performance by contractual counterparties; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the ability to locate sufficient purchasers (and if applicable, finders) to complete the private placement; the ability to obtain, and the timing and receipt of, required approvals. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.