Columbus Gold Corporation

Published : November 13th, 2008

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November 13, 2008

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Columbus Gold Bolsters Management Team

Vancouver, B.C., November 13th, 2008 Columbus Gold Corporation (CGT: TSX-V) (the "Company ") is pleased to announce the appointment of Joel Schuster as Vice President of Commercial Affairs. Mr. Schuster is a graduate of the University of Toronto with degrees in political science and law, is a member of the bar in British Columbia and Massachusetts. Mr. Schuster has worked in private legal practice for nearly a decade, most recently with DuMoulin Black LLP in Vancouver. Mr. Schuster has represented numerous mining companies in Canada and the United States in connection with initial public offerings, takeovers, company maintenance, corporate governance, public disclosure requirements, and the acquisition and disposition of mineral properties. His experience provides the Company with legal and managerial experience in its efforts to explore and commercialize its mineral holdings. Mr. Schuster's appointment is subject to approval by the TSX Venture Exchange.

Mr. Robert Giustra, President & CEO, stated: "We are extremely delighted to have Joel accept this important appointment and look forward to benefiting from his considerable legal expertise on mining and securities matters. Bringing Joel's capabilities in-house will significantly reduce the Company's legal costs, which we consider particularly important in the current economic environment."

About Columbus Gold

Columbus Gold Corporation is a gold exploration and development company operating principally in Nevada. Columbus Gold has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus Gold controls a 100% interest, subject to royalties, in 25 gold projects strategically located along or near Nevada's most productive gold trends. Columbus Gold also holds a significant equity interest in Columbus Silver Corporation, an exploration company with a growing portfolio of silver projects in the Western United States.

Columbus Gold's and Columbus Silver's project activities are managed on an exclusive basis by Cordilleran Exploration Company (Cordex), owned and operated by John Livermore and Andy Wallace who have a long and successful history of gold discovery and mine development in the United States. Columbus Gold maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has 14 of its projects joint ventured to major and junior mining companies, including Newmont Mining, Barrick Gold and Agnico-Eagle Mines.

ON BEHALF OF THE BOARD,

Robert F. Giustra
President & CEO, Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information contact:

Ray Lagace
Investor Relations
604 638-3474 or
1 866 689-2599
info@columbusgoldcorp.com

For more information on Columbus Gold go to: www.columbusgoldcorp.com

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Columbus Gold Corporation

DEVELOPMENT STAGE
CODE : CGT.V
ISIN : CA1991711096
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Columbus Gold is a gold development stage company based in Canada.

Columbus Gold develops gold and silver in USA, and holds various exploration projects in USA.

Its main asset in development is SILVER DOME in USA and its main exploration properties are DUTCH FLAT, WINNEMUCCA MOUNTAIN, SUMMIT PROJECT, UTAH CLIPPER, CRESTVIEW, LAURA PROPERTY, WHITE HORSE NORTH, AWAKENING, CHERT CLIFF, OVERLAND PASS, SCRAPER, RED HILLS PROPERTY, PETE'S SUMMIT, GUILD PROJECT, CLARA MORO, FOUR METALS PROPERTY, WHITE CANYON MINE, HUGHES CANYON, GOLDEN MILE, WEEPAH, WHITE HORSE FLATS, DEL ORO, BOLO, EASTSIDE (NEVADA), MILL CANYON (NEVADA) and SPRING in USA and PAUL ISNARD in French Guyana.

Columbus Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 49.3 millions as of today (US$ 34.5 millions, € 31.9 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.89, and its lowest recent point on November 14, 2008 at CA$ 0.10.

Columbus Gold has 142 920 000 shares outstanding.

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TSX-V (CGT.V)OTHER OTC (CBGDF)
0.345+0.00%0.120-7.69%
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