Vancouver, BC, Canada, March 4th, 2016. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) announces that it has granted incentive stock options to certain of its consultants to purchase up to an aggregate of 500,000 common shares at an exercise price of $0.40 per share for a period of 5 years. The options vest over a two year period as to 25% every six months.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & CEO

Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) 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@columbusgold.com