Columbus Gold Corporation (TSX VENTURE:CGT) (the "Company" or "Columbus Gold")
announces it has commenced drilling at its Weepah Project. The 10,000 ft
(3,048m) planned drill program will consist of approximately 20 RC holes. 


Weepah is located approximately 32 km (20 miles) west-southwest of Tonopah,
Nevada, with historic gold production from an open pit along a steep, northerly
structure cutting Precambrian sedimentary rocks. Columbus targets are east of
the historic open pit where gold occurs as replacements in sanded, or lightly
silicified, Precambrian limestone, exposed in small outcrops through thin gravel
cover on the north edge of an alluvial basin. Recent outcrop sampling of the
altered limestone on the Columbus claims yielded values from anomalous up to
10.29 g/t (0.30 opt) gold over 3.6 m (12 ft), and 17.14 g/t (0.50 opt) gold over
1.8 m (6 ft). Historic drilling, reported by the previous owner, indicates a
small resource of approximately 225,000-450,000 tonnes (250,000-500,000 tons)
averaging 1.7-2.4 g/t (0.05-0.07 opt) gold(i). Columbus mapping, along with
geophysical surveys, indicate that the favorable geology extends beyond the area
of drilling to the south and east for 1,200-1,500 m (4,000-5,000 ft) under what
appears to be very shallow gravel cover. See the following link for a location
map:


http://www.columbusgoldcorp.com/i/nr/2011-01-13-map-weepah.gif

Andy Wallace is a Certified Professional Geologist (CPG) with the American
Institute of Professional Geologists and is the Qualified Person under NI 43-101
who has reviewed and approved the technical contents of this news release. Mr.
Wallace is a VP of Columbus Gold's wholly-owned US operating subsidiary,
Columbus Gold (U.S.) Corporation and is the principal of Cordilleran Exploration
Company ("Cordex"), which is conducting exploration and project generation
activities for Columbus Gold on an exclusive basis. 


(i)Caution: A qualified person has not done sufficient work to classify the
historical estimates contained herein as current mineral resources. The Company
is not treating the historical estimates as current mineral resources and the
historical estimates should not be relied upon.


About Columbus Gold 

Columbus Gold Corporation is a gold exploration company pursuing early to
advanced stage opportunities primarily in Nevada. The Company is an experienced
project generator focused on advancing projects either through joint venture
with industry partners or on its own where exploration risk is minimized and
potential is particularly promising. Exploration and generative activities are
managed by Cordilleran Exploration Company owned and operated by Andy Wallace
who has a long and successful history of gold discovery and mine development in
Nevada. The Company currently has 12 of its 23 projects joint ventured to major
and junior mining companies, including Agnico-Eagle Mines Limited.


ON BEHALF OF THE BOARD,

Peter Kendrick, President

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 drilling, and the Company's general
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 and
drill equipment; 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 including without limitation drill rigs; 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.