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Columbus Gold Satisfies Obligation Respecting Paul Isnard

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/29/14 -- Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold") is pleased to announce that it has executed an agreement to satisfy an obligation in connection with the acquisition of the Paul Isnard Project by paying US $500,000 and issuing US $150,000 worth of common shares in the capital of Columbus Gold upon receiving the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD,

Robert F. Giustra

President, CEO, and Director

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 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"). In particular, and without limitation this news release contains forward-looking statements pertaining to the transaction referenced herein. 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 whether the TSXV will approve the transaction on the terms contained herein or at all. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about that the TSXV will approve the transaction on the terms set out herein. Although the foregoing forward-looking statements are considered reasonable at the time of preparation, the aforementioned assumptions and factors may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The aforementioned factors and assumptions are not exhaustive. Columbus Gold's actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained in this document is expressly qualified by this cautionary statement. The foregoing list is not exhaustive and Columbus Gold undertakes no obligation to update any of the foregoing except as required by law.

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