Columbia Yukon Closes Private Placement
2489 Bellevue Avenue Tel 604 922 2030 West Vancouver, BC Fax 604 922 2037 Canada V7V 1 E1 Canada (toll free) 1 888 888 9122 USA (toll free) 1 888 888 9123 [email protected] www.columbiayukon.com
News Release No: 12-04
Trading symbols:
TSX-V: CYU Frankfurt: VOR
Columbia Yukon Closes Private Placement
West Vancouver, British Columbia – August 17, 2012 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) is pleased to announce that, further to its news release dated July 16, 2012, Columbia Yukon has closed its non-brokered private placement (the “Private Placement”). The Company has raised $150,000 by the issuance of 3,000,000 non-flow through shares (the “Shares”) at a price of $0.05 per Share. The Shares were acquired by a Director of the Company. All of the securities issued pursuant to this Private Placement are subject to a hold period expiring on December 17, 2012.
The Company intends to use the proceeds from this Private Placement for general working capital purposes and for furthering the exploration and development of the Company’s Storie Property molybdenum project.
About Columbia Yukon Explorations Inc.
Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Property molybdenum deposit situated about 6 km southwest of Cassiar, British Columbia. The Storie Property molybdenum deposit has an April 2009 updated NI 43-101 compliant Measured and Indicated Resource of 139.82 million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39 million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off of 0.030% Mo). Cassiar, British Columbia is located 15 km by road west of Highway 37 which connects to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.
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.
“Douglas L. Mason”
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Douglas L. Mason, Chairman
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.