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Columbia Yukon Engages Investor Relations Representative

Resource Estimates Marketing Announcement

Tel 604 922 2030 2489 Bellevue Avenue 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: 10-10

Trading symbols:

TSX-V: CYU Frankfurt: VOR

Columbia Yukon Engages Investor Relations Representative

West Vancouver, British Columbia – October 20, 2010 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) announces that, subject to regulatory approval, it has retained Robert A. Young to provide the Company with investor relations services.

Ronald Coombes, President & CEO, commented “We believe that Robert Young will add to Columbia Yukon’s visibility and increase awareness of the Company in the investment community.”

The investor relations services agreement with Robert Young (the “Agreement”) is for an initial term of six months following TSX Venture Exchange acceptance with a right of renewal upon mutual agreement. Pursuant to the Agreement, Robert Young will earn a monthly fee of $3,000.

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.

“Ronald A. Coombes”

_________________________________

Ronald A. Coombes, President & CEO

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.