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Columbus Gold Named to 2015 OTCQX Best 50

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 21, 2015) - Columbus Gold Corporation (TSX VENTURE:CGT)(CBGDF) ("Columbus Gold") is pleased to announce it has been named to the 2015 OTCQX® Best 50, a ranking of 50 top performing companies traded on the OTCQX Best Marketplace in 2014.

The OTCQX Best 50 is the first ever annual ranking of strong performing U.S. and international companies traded on the OTCQX marketplace. The ranking is calculated based on an equal weighting of one-year share price performance and average daily dollar volume growth in the previous calendar year.

Robert Giustra, CEO of Columbus Gold commented, "Columbus Gold is pleased to be included among the best-performing stocks on the OTCQX Best Marketplace during our first year of trading on this top-tier platform. The ranking in the OTCQX Top 50, along with the top 10 ranking in the mining component of the 2015 TSX Venture 50 earlier in the year, endorses the success of our efforts."

For the complete 2015 OTCQX Best 50 ranking, and to read the OTCQX press release, follow the links below:

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www.columbusgold.com/i/nr/2015-05-21-otcqx50-list.pdf

www.columbusgold.com/i/nr/2015-05-21-otcqx-news.pdf

The OTCQX Best Marketplace offers the best informed and most efficient trading for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, demonstrate compliance with U.S. securities laws, be current in their disclosure and be sponsored by a professional third-party advisor. OTCQX companies are distinguished by the excellence of their operations and diligence with which they convey their qualifications.

ON BEHALF OF THE BOARD,

Robert F. Giustra, Chairman & 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.