Mr. Robert Giustra reports

THIRD DRILL RIG ARRIVES IN FRENCH GUIANA FOR DRILLING AT COLUMBUS GOLD'S PAUL ISNARD PROJECT

A third drill rig, which is being mobilized to Columbus Gold Corp.'s Montagne d'Or gold deposit, Paul Isnard project, has arrived in French Guiana and cleared customs, and is expected to commence operating on a 24-hour basis in due course. There are approximately 15,000 metres remaining in the current phase II program, which, on deployment of the third drill rig, is scheduled to be completed this fall.

Utilizing a cut-off grade of 0.4 gram per tonne gold, the Montagne d'Or gold deposit hosts a resource of 140.1 million tonnes grading one g/t gold for a total of 4.31 million contained inferred ounces of gold. The best mineralized and most consistent zones on the Montagne d'Or deposit, based on current interpretation, are located in the principal Upper Felsic zone (UFZ) (for further details, please refer to Columbus Gold's news release of June 30, 2014). Drilling of the UFZ on a 50-metre spacing array began recently on June 23.

Rock Lefrancois, PGeo (OGQ), Columbus Gold's chief operating officer and qualified person, has reviewed and approved the technical content of this news release.

We seek Safe Harbor.