West Vancouver, British Columbia – March 14, 2008 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) is pleased to announce that it has entered into an Option Agreement (the “Agreement”) with BHR Buffalo Head Resources Ltd. of West Vancouver, B.C. (“BHR”) pursuant to which BHR will have the right acquire to a 60% interest in Columbia Yukon’s Barnes Creek Property located in British Columbia. Under the terms of the Agreement, BHR has the right to earn a 60% in the Property by incurring $500,000 in exploration expenditures over two years. There are no cash payments or share issuances under the Agreement and Columbia Yukon will retain a 40% interest in the Property once BHR has fulfilled its earn in requirements. The Agreement is subject to BHR obtaining regulatory approval, as well as approval of its shareholders.
Columbia Yukon is a mineral exploration company focused on the development of its Storie Molybdenum Property deposit located in northern British Columbia. In connection with the Barnes Creek Property, the Company has chosen to divest itself of some of its property interests so that it can focus on its principal property project, namely the development of its Storie Property.
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
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.
