Columbus Gold Retains Todd Hanas as Investor Relations Consultant

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 16, 2014) - Columbus Gold Corp. (TSX VENTURE:CGT)(OTCQX:CBGDF) announces that it has entered into an investor relations agreement with Bluesky Corporate Communications Corp., the principal of which is Todd Hanas. The term of the agreement is for an initial six month term effective September 15, 2014. Columbus Gold may terminate the agreement at any time after March 15, 2015 by providing 30 days' advance written notice.

Bluesky will assist Columbus Gold increase exposure to the brokerage and retail investment community, while increasing share value and liquidity to the existing capital structure of Columbus Gold.

Pursuant to the agreement, Columbus Gold will pay a monthly fee of $5,000 and will grant 100,000 stock options under Columbus Gold's shareholder approved stock option plan as permitted under the policies of the TSX Venture Exchange (the "TSXV").

The agreement and the grant of options to Bluesky are both subject to the approval of the TSXV.

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.

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"). In particular, and without limitation this news release contains forward-looking statements pertaining to the grant of options to Bluesky; and the ability of Bluesky to assist Columbus Gold increase exposure to the brokerage and retail community and related increases to share value and liquidity. 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: whether the TSXV will approve the IR Agreement and the related grant of options on the terms contained herein or at all; whether Bluesky will be able to assist Columbus Gold increase exposure to the brokerage and retail community and achieve related increases to share value and liquidity; 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; the TSXV approving the IR Agreement and the related grant of options on the terms contained herein or at all; and Bluesky being able to assist Columbus Gold increase exposure to the brokerage and retail community and achieve related increases to share value and liquidity. Although the foregoing forward-looking statements are considered reasonable at the time of preparation, the aforementioned assumptions and factors may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The aforementioned factors and assumptions are not exhaustive. Columbus Gold's actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained in this document is expressly qualified by this cautionary statement. The foregoing list is not exhaustive and Columbus Gold undertakes no obligation to update any of the foregoing except as required by law.