Vancouver, BC, Canada; December 23, 2013 - Columbus Exploration Corporation (CLX: TSX-V) (formerly Columbus Silver Corporation) (the "Company") is pleased to announce that it has closed the private placement previously announced on October 31, 2013. The Company has raised gross proceeds of $170,000 through the issuance of 3,400,000 common shares at a price of $0.05 per share. No warrants were issued pursuant to the private placement and no finders' fees were paid. The proceeds of the private placement will be used for general working capital purposes. All of the shares issued under the private placement are subject to a four-month hold period expiring April 24, 2014. Additional hold periods may apply to US investors.

ON BEHALF OF THE BOARD,

Robert F. Giustra
President & CEO, 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.

For more information contact:

Investor Relations
604-634-0970 or
1 888 818-1364
info@columbusgroup.com