Vancouver, British Columbia, Canada. December 14th, 2009. Columbus Gold Corporation (CGT: TSX-V) ("Columbus Gold" or the "Company") is pleased to announce that it has extended its agreement with Cordilleran Exploration Company ("Cordex") to design, initiate and carry out generative and mineral exploration activities in Nevada and elsewhere in the United States on behalf of Columbus Gold until December 31, 2010. The agreement is exclusive to Columbus Gold and its sister company Columbus Silver and provides that the term may be extended until December 31, 2012.
Cordex' mandate includes the identification of prospective acquisition opportunities for Columbus Gold and to design and carry out exploration programs on the Company's portfolio of properties.
"Cordex has a long and successful history of discovering and developing precious metal deposits. We're truly privileged to benefit from their expertise, particularly given the fact that it is exclusively for the benefit of Columbus." said Robert Giustra, President and CEO.
ON BEHALF OF THE BOARD,
Robert F. Giustra
President & CEO, Director
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:
604 638-3474 or
1 866 689-2599
This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting the Company's exploration plans. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation the ability to acquire necessary permits and other authorizations; environmental compliance; cost increases; availability of qualified workers; competition for mining properties; risks associated with exploration projects, mineral reserve and resource estimates (including the risk of assumption and methodology errors); dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the timing and receipt of required approvals; availability of financing; power prices; ability to procure equipment and supplies; and ongoing relations with employees, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.