Columbia Yukon Explorations Inc. Engages CHF Investor Relations

West Vancouver, British Columbia – June 5, 2009 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) announced today that it has retained CHF Investor Relations (Cavalcanti Hume Funfer Inc., “CHF”) to provide the Company with investor relations services.

Ronald Coombes, President & CEO, commented “We expect CHF’s team to add considerably to Columbia Yukon’s visibility by their substantial contact base in Canada and to increase awareness of the Company in the investment community.”

The investor relations services agreement with CHF (the “Agreement”) is for a term of twelve months beginning June 1, 2009 and may be extended by mutual agreement in writing. Pursuant to the Agreement, CHF will earn monthly fees of $7,500 and an aggregate of 300,000 incentive stock options (100,000 stock options granted on commencement of services and exercisable at $0.50 per share and a further 200,000 stock options when they next become available under the terms of the Company’s Stock Option Plan and exercisable at a minimum price of $0.50 per share). In accordance with the TSX Venture Exchange policies, any options granted to CHF will vest over 12 months with no more than one quarter of the options vesting in any 3 month period. All options are subject to cancellation 30 days after termination of the Agreement.

About CHF Investor Relations

CHF acts effectively as a public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX / TSX Venture-listed companies that operate in a broad range of industries, including mining exploration and producers, oil & gas, high-tech, industrial and business solutions and products, niche financial products and "green" companies. CHF’s depth of capital market experience dates back to the late 1970's and its management team have extensive experience in investor relations services and significant background in brokerage, trading, financial analysis and investment sales. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as branch offices in New York, USA; São Paulo, Brazil; and Shanghai, China.

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 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 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.

To receive Company news via email from CHF, please contact [email protected] and reference "Columbia Yukon News" on the subject line.

For further information, please contact:

Columbia Yukon Explorations Inc.

“Ronald A. Coombes”
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Ronald A. Coombes, President & CEO

Neither 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.