Columbus Gold Implements Advance Notice Policy and Provides Details of Annual and Special Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 11, 2014) - Columbus Gold Corp. (TSX VENTURE:CGT) ("Columbus Gold"). Columbus Gold announces that its board of directors (the "Board") has approved an advance notice policy (the "Advance Notice Policy"). The purpose of the Advance Notice Policy is to provide shareholders, directors and management of Columbus Gold with a clear framework for nominating directors of the Columbus Gold. Columbus Gold is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The Advance Notice Policy is intended to further these objectives.

The Advance Notice Policy sets a deadline by which holders of record of common shares of Columbus Gold must submit director nominations to Columbus Gold prior to any annual or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to Columbus Gold, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to Columbus Gold must be made not less than 30 days nor more than 65 days prior to the date of the annual meeting. However, in the event that the annual meeting is to be held on a date that is less than 40 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the tenth (10th) day following such public announcement.

The Advance Notice Policy is in full force and effect as of the date it was approved. As initially filed on SEDAR on February 13, 2014 and amended on March 10, 2014, Columbus Gold has set April 22, 2014 as the date of its 2014 Annual General and Special Meeting (the "Meeting"). The record date for shareholders entitled to vote at the Meeting has been set as shareholders of record as at the close of business on March 10, 2014. At the Meeting shareholders of Columbus Gold will, among other things, be asked to approve an alteration to Columbus Gold's articles to include the provisions of the Advance Notice Policy (the "Alteration"). If the shareholders approve the Alteration then the Advance Notice Policy will terminate following the termination of the Meeting and will be concurrently superseded by the Alteration. If the shareholders do not approve the Alteration then the Advance Notice Policy will terminate and be of no further force and effect following the termination of the Meeting.

For purposes of the Meeting, in accordance with the terms of the Advance Notice Policy, Columbus Gold has determined that notice of nominations of persons for election to the Board at the Meeting must be received by Columbus Gold before the close of business on March 24, 2014. Such notice must be in the form, and given in the manner, prescribed by the Advance Notice Policy, and the Corporate Secretary of Columbus Gold has stipulated james@columbusgroup.com as an email address for receipt of a notice in the limited context of a notice submitted in connection with the Meeting.

The full text of the Advance Notice Policy is available under Columbus Gold's profile on SEDAR at www.sedar.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.