To: Rocket Red who wrote (161457 ) 5/29/2009 12:54:19 PM From: heinz44 Respond to of 314158 Columbus Gold Subsidiary Releases Previously Unreported Significant Drilling Results Vancouver, BC, Canada, May 29, 2009. Columbus Gold Corporation (CGT: TSX-V) ("Columbus Gold" or the "Company") is pleased to announce that its 35.7% held subsidiary Columbus Silver Corporation ("Columbus Silver") has released previously unreported significant drilling results following its review of drilling data from its 100% controlled Mogollon silver-gold project, Catron County, New Mexico. Columbus Silver, an exploration company with a growing portfolio of silver projects in the Western United States, was spun out of Columbus Gold under an initial public offering that closed in September 2008. The drilling at Mogollon was carried-out by St. Joe Minerals, Cordex and John Livermore in three programs between 1982 and 1988 and consisted of 40,000 ft (12,192 m) of drilling in 53 rotary and core holes which were successful in outlining a partially delineated silver-gold deposit in the Queen vein containing approximately 845,000 tons (767,000 tonnes) with an average grade of 9.35 ounces per ton ("opt") (320 grams per tonne ("gpt")) silver and 0.15 opt (5.1 gpt) gold. Significant intercepts of gold and silver were also encountered in a number of other veins including Anna E, Last Chance, South Fork, Mascot and Graveyard. In addition, dozens of mineralized and potentially mineralized veins that have never been drill tested provide potential for considerable resource expansion in an epithermal vein system totaling more than 45 miles (72 km) of strike length and only 3 miles (4.8 km) have been developed. A property map is available at: www.columbusgoldcorp.com/i/pdf/nr/csc-2009-05-29-map.pdf