Vancouver, British Columbia, Canada, March 20th, 2012. Columbus Gold Corporation (CGT: TSX-V) (“Columbus Gold”) will hold an analyst conference call TODAY at 11:00am (PST), 2:00pm (EST), to discuss the drill results received to date at its 1.9M oz. Paul Isnard gold project in French Guiana.

Robert Giustra, CEO, Andy Wallace, President, and John Prochnau, Technical Director of Columbus Gold will be present.

To access this conference call, please dial one of the following numbers approximately five minutes prior to the commencement of the call:   

• North America: 1 877-385-4099 (toll-free) and enter Access Code: 7389334
• Europe/Rest of the World: +800-8358-7111 (toll-free) and enter Access Code: 7389334

Click here for further instructions: http://www.columbusgoldcorp.com/i/nr/2012-03-20-dialing.pdf

About Columbus Gold

Columbus Gold is a gold exploration and development company operating in French Guiana and Nevada. In French Guiana, Columbus Gold recently acquired an option to earn a 100% interest in the Paul Isnard gold project, which has a 43-101 compliant 1.9 million ounce inferred gold resource and substantial expansion potential. In Nevada, Columbus is a prolific project generator focused on advancing projects either through earn-in agreements to industry partners or on its own where exploration risk is minimized and potential is particularly promising. Columbus Gold’s President, Andy Wallace has a long and successful history of gold discovery and mine development. Columbus currently has 11 of its 25 strategically located gold projects in Nevada farmed-out to various mining companies.

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@columbusgoldcorp.com