Vancouver, B.C., April 17, 2013 - Columbus Gold Corp. (CGT: TSX-V) (“Columbus Gold”) is pleased to announce that it has granted incentive stock options to certain of its officers, consultants and employees to purchase up to an aggregate of 375,000 common shares at an exercise price of $0.30 per share. 175,000 of the foregoing options vest as to 50% in 6 months and the remaining 50% 6 months thereafter; the other 200,000 options vest immediately. All of the foregoing options expire on April 9, 2023.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & 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:

Investor Relations
604-634-0970 or
1-888-818-1364
info@columbusgroup.com