West Vancouver, British Columbia - February 20, 2008 - Columbia Yukon Explorations Inc. (the
"Company" or "Columbia Yukon") is pleased to announce
that as part of its 2008 drill program for its Storie Molybdenum Property,
the Company has finalized a drilling contract with DJ Drilling of Aldergrove,
British Columbia. Pursuant
to the agreement, DJ Drilling has agreed to supply four drill rigs (two drill
rigs to commence work by mid May, 2008, weather permitting, and two more
drill rigs to be supplied by the beginning of July, 2008).
Columbia Yukon expects
to complete a minimum of 40,000 metres (131,233 feet) of core drilling in
2008 on its Storie Molybdenum Property. The Company's 2008 drilling program
is being designed in an effort to significantly expand the currently known
and sizeable resource. Additionally, the 2008 exploration program will focus
on further resource definition of the recently announced higher grade zone
discovery.
This news release has
been reviewed and approved by John Kowalchuk, P.Geo., who is acting as the
Qualified Person for the Company's Storie Molybdenum Property project in
accordance with regulations under NI 43-101.
About Columbia
Yukon Explorations Inc.:
Columbia Yukon is a
Canadian mineral exploration company focused on the development of its Storie
Molybdenum Property deposit located in northern British Columbia.
For further
information, contact Mr. Clive Shallow, investor communications at
604-922-2030 or visit the Company's website at www.columbiayukon.com.
Columbia Yukon Explorations Inc.
"Ronald A. Coombes"
_________________________________
Ronald A. Coombes, President
& CEO
The TSX Venture
Exchange has not reviewed this news release and does not accept
responsibility for the adequacy or accuracy of this release.