Vancouver, BC, Canada, December 21, 2016. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) is pleased to announce that Robert Giustra, Donald Gustafson, Gil Atzmon, Oleg Pelevin and Peter Gianulis have been re-elected as directors of Columbus at the 2016 Annual and Special Meeting of Shareholders held yesterday, December 20th (the 'Meeting').

In addition, shareholders approved the adoption of a new stock option plan, compliant with Toronto Stock Exchange requirements, and the implementation of a shareholder rights plan (the 'Rights Plan'). For particulars of the Rights Plan, see Columbus' news release dated December 2, 2016. The Rights Plan will remain in effect until the close of the annual meeting of shareholders in 2019. A copy of the Rights Plan is available on SEDAR at www.sedar.com.

Robert Giustra commented 'I would like to thank shareholders for the tremendous amount of support we have received at this year's shareholder meeting, as evidenced by the high proxy return rate of 77.50% of Columbus's outstanding shares.'

Detailed voting results for the Meeting are as follows:

Motion	Votes For	% For	Votes Withheld	% Withheld
Number of Directors	110,548,934	99.74%	0	0.00%
Election of Director Nominees:
Robert Giustra	74,656,907	99.63%	274,223	0.37%
Peter Gianulis	66,649,407	88.95%	8,280,723	11.05%
Donald Gustafson	74,795,870	99.82%	135,259	0.18%
Gil Atzmon	66,748,369	89.08%	8,182,760	10.92%
Oleg Pelevin	66,599,158	88.88%	8,331,972	11.12%
Appointment of Auditors	110,521,746	99.72%	314,050	0.28%
Adoption of New Stock Option Plan	73,429,401	98.00%	0	0.00%
Approval of Shareholder Rights Plan	74,337,271	99.21%	0	0.00%

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & CEO

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
[email protected]