Columbia Yukon Grants Stock Options

Tel 604 922 2030 2489 Bellevue Avenue West Vancouver, BC Fax 604 922 2037 Canada V7V 1 E1 Canada (toll free) 1 888 888 9122 USA (toll free) 1 888 888 9123 [email protected] www.columbiayukon.com

News Release No: 10-09

Trading symbols:

TSX-V: CYU Frankfurt: VOR

Columbia Yukon Grants Stock Options

West Vancouver, British Columbia – October 4, 2010 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) wishes to report that, in accordance with the terms of the Company’s stock option plan, Columbia Yukon has granted 825,000 stock options to certain directors, officers, employees and consultants at an exercise price of $0.165 per share for a term of 5 years.

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.

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”

_________________________________

Douglas L. Mason, Director (Chairman)

Neither the 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.