West Vancouver, British Columbia – November 7, 2007 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) is pleased to announce that, subject to regulatory approval, it has entered into a consulting agreement (the “Agreement”) with AIM Capital Corporation, doing business as Barry Kaplan Associates (“Kaplan”), pursuant to which Kaplan has been retained to provide investor relations services to the Company.
Pursuant to the Agreement, the Company will pay Kaplan a monthly fee of $6,500 US for an initial period of 6 months (renewable upon mutual agreement). The Company will also reimburse Kaplan for any reasonable expenses incurred by them in providing the investor relations services. As part of the compensation for such services, Kaplan will also be granted 100,000 stock options of the Company at an exercise price of $1.28. Such options will be subject to certain vesting requirements in accordance with regulatory requirements and the terms and conditions of the Company’s stock option plan.
Kaplan is based in Fair Haven, New Jersey, USA and has provided investor relations services for publicly listed companies for over 25 years. Kaplan’s objective is to increase awareness of the Company in the resource investment community through personal meetings with select brokers and analysts and through increased exposure of the Company in the financial press.
About Columbia Yukon Explorations Inc.: Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Molybdenum Property deposit located in northern British Columbia.
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, Chairman
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.