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: 11-09

Trading symbols:

TSX-V: CYU Frankfurt: VOR

Columbia Yukon Grants Stock Options

West Vancouver, British Columbia – September 27, 2011 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) announces that, in accordance with the terms of the Company’s stock option plan (and in replacement of certain stock options that expired on September 25, 2011), the Company has granted 1,090,000 incentive stock options to certain directors, officers, employees and consultants at an exercise price of $0.11 per share for a term of 5 years.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, Robert A. Young, Investor Relations, at 604-682-5123 or visit the Company’s website at www.columbiayukon.com.

Columbia Yukon Explorations Inc.

“Ronald A.Coombes”

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Ronald A. Coombes, President & CEO

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.