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Columbus Gold Issues Options

February 4, 2015

Vancouver, BC, Canada, February 4, 2015. Columbus Gold Corporation (CGT: TSX-V, CBGDF: OTCQX) announces that it has granted incentive stock options to certain of its directors, officers and consultants to purchase up to an aggregate of 1,700,000 common shares at an exercise price of $0.50 per share. 1,550,000 of the options vest immediately. 150,000 of the options vest as to 50% on February 3, 2016 and the remaining 50% on February 3, 2017. All of the foregoing options expire on February 3, 2020.

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:

Brokerage/Retail:
Todd Hanas
(866) 869-8072
todd@columbusgroup.com
Investor Relations
Institutional/Analysts:
Peter A. Ball
(604) 634-0973
peter@columbusgroup.com
Senior Vice President
Media/Communications:
Jorge Martinez
(604) 634-0970
info@columbusgroup.com
VP Communications & Technology