Columbus Gold Completes Annual General and Special Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 23, 2014) - Columbus Gold Corp. (TSX VENTURE:CGT) ("Columbus Gold") is pleased to announce that its shareholders have completed their 2014 Annual General and Special Meeting. According to the interim scrutineer's report and report on proxies, approximately 40.99% of Columbus Gold's shareholders attended the meeting in person or by proxy, representing an aggregate of 49,773,596 common shares, and all of the proposed resolutions put forward by management found overwhelming support. Among the percentage of votes cast: (a) 100% approved setting the number of directors at 5; (b) an average of 99.91% approved the re-election of incumbent directors Robert Giustra, Don Gustafson, Peter Gianulis, Gil Atzmon and Andy Wallace; (c) 99.93% voted for the re-appointment of Dale Matheson Carr-Hilton LaBonte LLP as Columbus Gold's auditors; and (d) 99.80% approved Columbus Gold's advance notice policy, which was described more fully in Columbus Gold's news release dated March 11, 2014 and which is being submitted to the TSX Venture Exchange for approval.

In addition to the votes cast at the meeting in person or by proxy, 10,081,452 votes were submitted by proxy after the deadline of 11:00 a.m. (Pacific time) on April 17, 2014 and therefore were not accepted at the meeting. If such proxies had been validly submitted, each resolution proposed at the Meeting would have been approved by at least 99% of the total shares voted and approximately 49.29% of Columbus Gold's shareholders would have attended the meeting in person or in proxy.

Columbus Gold wishes to thank and congratulate its shareholders on their successful meeting.

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.