Columbus Gold Announces Filing of Feasibility Study for Montagne d'Or Gold Project

Columbus Gold Corp. is pleased to announce that it has filed the previously announced feasibility study for the Montagne d'Or Gold Project (the "Feasibility Study") on SEDAR pursuant to National Instrument 43-101 ("NI 43-101").

In Nevada, Columbus Gold is advancing its 100% owned Eastside Gold discovery. The project consists of 844 claims covering 67.6 sq. km and is located 32 km (20 miles) from Tonopah, Nevada. Eastside has outstanding infrastructure for mining and processing, and metallurgical testing indicates that gold and silver at Eastside are amenable to cyanide leaching, whether oxide or sulfide. Columbus has completed 136 holes on the project and drilling to date has been confined almost exclusively to one target referred to as the Original Zone. The project contains an initial NI 43-101 pit-constrained Inferred Resource of 721,000 ounces³ of gold equivalent (contained within 35.8 million tonnes grading 0.63 g/t gold equivalent) and Historical near surface oxide resources of 272,153 ounces⁴ of gold (contained within 11.2 million tonnes grading 0.82 g/t gold). In addition to the Original Zone, six high priority geochemical targets have been defined.