Columbus Gold Starts Trading in the United States

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 8, 2014) - Columbus Gold Corp. (TSX VENTURE:CGT)(OTCQX:CBGDF) is pleased to announce that on September 5^th its common shares started trading in the United States on the OTCQX International, the highest tier of the OTC market, under the symbol CBGDF. Columbus Gold's common shares continue to trade on the TSX Venture Exchange under the symbol CGT.

"Given our prominent gold project portfolio and established base of shareholders in the United States, trading on the OTCQX was a natural evolution for Columbus Gold. We anticipate an increase in our profile with ‎the augmented market visibility and unique trading platform that the OTCQX marketplace will provide," commented Robert Giustra, Chairman and CEO of Columbus Gold.

Robert Giustra commented further, "Adding liquidity and building investor awareness are ongoing objectives and to that extent we are also aiming to become DTC-eligible in the United States and to graduate to the Toronto Stock Exchange from the TSX Venture Exchange in the coming months; milestones that would also significantly improve access to capital."

Scarsdale Equities LLC will serve as Columbus Gold's Principal American Liaison ("PAL") on the OTCQX, and provide guidance to Columbus on OTCQX requirements.

About Columbus Gold

Columbus Gold is a gold exploration and development company operating in French Guiana and Nevada. At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or gold deposit, which hosts a current NI 43-101 compliant inferred resource of 4.3 million ounces (140.1 million tonnes @ 1.0 gpt gold at a 0.4 gpt cut-off).Columbus Gold has entered into an agreement with major gold producer Nord Gold N.V. (LSE: NORD LI) under which Nordgold has been granted the right to earn a 50.01% interest the Montagne d'Or deposit and certain licences at the Paul Isnard Gold Project. Please refer to Columbus Gold's news release of June 30, 2014 for further information.

In the United States, Columbus Gold is a prolific 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. Columbus is currently developing its 100% owned Eastside gold project in Nevada.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest OTC marketplace for equity securities. Our OTC Link trading system delivers price transparency in over 10,000 securities and enables direct interaction between broker-dealers that provide liquidity and execution services. We organize the marketplace by categorizing the wide spectrum of OTC-traded companies into three tiers: OTCQX - The Intelligent Marketplace for the Best OTC Companies; OTCQB - The Venture Marketplace; and OTC Pink - The Open Marketplace. Our information-driven platform makes it easy for investors to trade at the best price through the broker of their choice and empowers companies to build the best markets for their investors. To learn more about our Open, Transparent, and Connected marketplace, visit www.otcmarkets.com.

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 press release is not, and is not to be construed in any way as, an offer to buy or sell securities in the United States.

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 an anticipated increase in Columbus Gold's profile; objectives of becoming DTC-eligible and graduating to the Toronto Stock Exchange (the "TSX") and resulting anticipated improved access to capital. 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: the actual effect on Columbus Gold's profile from starting to trade on the OTCQX; the ability to successfully become DTC-eligible or successfully graduate to the TSX and whether either achievement will increase Columbus Gold's access to capital; risks associated with exploration projects; dependence on third parties for services; non-performance by contractual counterparties; 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 effect on Columbus Gold's profile that starting to trade on the OTCQX may result in; and the effect on Columbus Gold's access to capital either becoming DTC-eligible or graduating to the TSX may result in . The foregoing list is not exhaustive and Columbus Gold undertakes no obligation to update any of the foregoing except as required by law.