West Vancouver, British Columbia – Columbia Yukon Explorations Inc. (“Columbia Yukon” or the “Company”) is pleased to report that Standard & Poor’s has initiated Factual Stock Report coverage on Columbia Yukon. Set out below is a copy of Standard & Poor’s news release which was disseminated today:
“New York, NY –January 22, 2008– Standard & Poor’s announced today that it has commenced Factual Stock Report coverage on Columbia Yukon Explorations Inc.
Columbia Yukon Explorations Inc. (TXV: CYU; OTCPK: CYUXF), in the exploration stage as of July 31, 2007, engages in the acquisition and exploration of mineral properties in Canada. The Company's main focus is exploration of polymetallic properties, and it is pursuing an active program of acquisition and exploration in the province of British Columbia. In particular, Columbia Yukon is focused on the exploration and development of its Storie Molybdenum property in northern British Columbia. The Company also holds interests in properties in the Province of Newfoundland and Labrador.
The Storie property is located near the historical mining camp of Cassiar and is approximately five kilometers away from a paved road. Under the terms of an option agreement, the Company was granted the right to earn a 100% interest in the Storie property, which is located in the Liard Mining Division in British Columbia, by spending a total of Canadian Dollar (C$) 4,000,000 in exploration expenditures over five years, issuing a total of 600,000 common shares over five years, and making cash payments in the amount of C$1,150,000 over five years. In October 2007, Columbia Yukon announced that it had accelerated the option payments and share issuances under the option agreement and as a result had earned a 100% interest in the Storie property (subject to a 2.5% NSR).
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This Standard & Poor’s service provides factual research coverage enabling information about Columbia Yukon Explorations Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
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Columbia Yukon Explorations Inc. Contact:
Standard & Poor's Contact:
Media Relations Contact:
Columbia Yukon Explorations Inc.
“Ronald A. Coombes”
Ronald A. Coombes, President & CEO
The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.