Mr. Robert Giustra reports

THIRD DRILL RIG COMMENCES DRILLING AT COLUMBUS GOLD'S PAUL ISNARD PROJECT

A third drill rig, operating on a 24-hour basis, has commenced drilling at Columbus Gold Corp.'s Montagne d'Or gold deposit, Paul Isnard project, French Guiana. There are approximately 10,500 metres in 46 holes remaining in the current phase II program, which is scheduled to be completed in about seven weeks.

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 on June 23, 2014. The drilling is being financed by Nord Gold NV as part of a minimum $30-million (U.S.) exploration and development program pursuant to which they can earn a 50.01-per-cent interest in Montagne d'Or and the Paul Isnard mineral claims, by completing a bankable feasibility study no later than March, 2017.

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.