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Columbia Yukon Leases Entire Camp Facility in Cassiar for its Storie Property

January 23, 2008

West Vancouver, British Columbia – January 23, 2008 – Columbia Yukon Explorations Inc. (“Columbia Yukon” or the “Company”) is pleased to announce that it has entered into a two year lease of the entire camp facilities located in Cassiar, B.C. in connection with the Company’s 2008 and 2009 exploration work programs on its Storie molybdenum deposit property. The Company’s Storie Property lies 5km south of the Cassiar townsite (via all-weather gravel road). The Cassiar townsite itself lies 125km north of Dease Lake, B.C. and 145km south of Watson Lake, Yukon. Cassiar is accessible via paved highway from Smithers, B.C. and also has a gravel airstrip.

“Columbia Yukon is very pleased with having been able to lease the entire Cassiar camp facilities for the next two years as it moves aggressively forward with its exploration drilling program. The Cassiar camp facilities are well equipped to provide food and lodgings for all of our personnel, employees and contractors, and as well, it provides the Company with suitable buildings for core and equipment storage,” said Ron Coombes, President and CEO of Columbia Yukon.

The Company is presently in the process of finalizing its 2008 drilling contracts and exploration program, all of which will be announced shortly.

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 

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.