Vancouver, B.C., October 30, 2007. 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 certain of its consultants to purchase up to an aggregate of 60,000 common shares exercisable on or before October 31, 2012 at a price of $1.25 per share. 

The issuance of the options is subject to board approval.

ON BEHALF OF THE BOARD,

Robert F. Giustra
President & CEO, Director 

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information contact:

Ray Lagace
Investor Relations
Direct: 604-638-3474
Toll Free: 1-866-689-2599