Columbus Energy Limited ("the Company") Closes Private Placement

Columbus Energy Limited (TSX VENTURE:CEL) - 

The Company is pleased to announce that it has completed its non-brokered
private placement and successfully raised $1,430,482.50 by issuing 28,609,650
units.


The securities are subject to a hold period and may not be traded until April
14, 2011, except as permitted by Canadian securities legislation and the TSX
Venture Exchange.


The Company will pay finders' fees totaling $111,466.62 in connection with the
private placement.


This news release includes certain "forward-looking statements". All statements
other than statements of historical fact included in this release, including,
without limitation, statements regarding potential mineralization, exploration
results and future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's expectations include market prices, exploitation and exploration
results, availability of capital and financing, general economic, market or
business conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment, timeliness of government
approvals, unanticipated environmental impacts on operations and other
exploration risks detailed herein and from time to time in the filings made by
the Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements.

Columbus Energy Limited (TSXV:CEL)
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