Columbia Yukon Closes Private Placement

Columbia Yukon Explorations Inc. (TSX VENTURE:CYU)(FRANKFURT:VOR) (the "Company"
or "Columbia Yukon") is pleased to announce that, further to its news release
dated July 6, 2010, Columbia Yukon has closed its non-brokered private placement
(the "Private Placement"). The Company has raised $372,000 by the issuance of
3,100,000 non-flow through units (the "Units") at a price of $0.12 per Unit.
Each Unit consists of one common share and one share purchase warrant, with each
warrant entitling the holder to purchase an additional common share at a price
of $0.12 for a period of five years from the closing date. All of the securities
issued pursuant to this Private Placement are subject to a hold period expiring
on November 21, 2010. The Units subscribed for in this Private Placement were
acquired by directors and senior officers of the Company.


The Company intends to use the proceeds from the Private Placement for general
working capital purposes and for furthering the exploration of the Company's
Storie Property molybdenum project.


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 Property 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, British Columbia 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. 


Columbia Yukon Explorations Inc.

Douglas L. Mason, Director

(TSXV:CYU)
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