Columbia Yukon Conducts Further Exploration at the Storie Property Moly Deposit

Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") (TSX
VENTURE:CYU)(FRANKFURT:VOR) is pleased to report that it has commenced a
drilling program for its "Storie" Property molybdenum deposit located near
Cassiar, British Columbia.


A road rehabilitation, exploration and trenching program is now underway on the
south slope of the known deposit to determine whether the recent discoveries of
outcrops containing high grade molybdenum (as referred to in the Company's news
release dated December 2, 2009) warrant further exploration. The second
objective of the current exploration program is to core drill to test the
northern boundaries of the known deposit to determine whether molybdenum
mineralization extends beyond that point.


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.

Ronald A. Coombes, President & CEO

This news release includes certain statements that may be deemed
"forward-looking statements" within the meaning of applicable securities
legislation. All statements, other than statements of historical facts, that
address such matters as future exploration, drilling, exploration activities,
potential mineralization and resources and events or developments that the
Company expects, are forward looking statements and, as such, are subject to
risks, uncertainties and other factors of which are beyond the reasonable
control of the Company. Such statements are not guarantees of future performance
and actual results or developments may differ materially from those expressed
in, or implied by, this forward-looking information. Factors that could cause
actual results to differ materially from those in forward-looking statements
include such matters as market prices, exploitation and exploration results,
continued availability of capital and financing, and general economic, market or
business conditions. Any forward-looking statements are expressly qualified in
their entirety by this cautionary statement. The information contained herein is
stated as of the current date and subject to change after that date and the
Company does not undertake any obligation to update publicly or to revise any of
the forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.

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