Columbus Gold Announces Appointment of New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2016) - Columbus Gold Corp. (CGT.TO)(CBGDF) ("Columbus" and "we") is pleased to announce that Andrew Yau, the former Controller of Columbus, has been appointed as the new Chief Financial Officer.

Mr. Andrew Yau, CPA, CGA, holds a Bachelor of Commerce and Business Administration degree from the University of British Columbia and has been in accounting and finance roles with publicly listed companies since 2006. Mr. Yau has an extensive accounting background, having previously served as Controller of several TSX and TSX-V listed companies where he was responsible for all aspects of accounting, tax compliance, managing banking relationships, financial reporting, and developing internal control frameworks. With Mr. Yau's strong working knowledge of International Financial Reporting Standards and public company reporting requirements, he played an instrumental role in completing complex transactions, such as business acquisitions, divestitures, and reverse takeovers.

Mr. Yau assumes the position from Akbar Hassanally, who has left to pursue other opportunities. Columbus would like to thank Mr. Hassanally for his efforts and dedication to the company since he joined us in January 25, 2011. We wish him well in his future endeavours.

ON BEHALF OF THE BOARD,

Robert F. Giustra, Chairman & CEO