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Columbia Yukon Amends Share Purchase Warrants

West Vancouver, British Columbia – June 6, 2008 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) wishes to announce the amendment of the exercise price for certain previously issued share purchase warrants.

In connection with two non-brokered private placements that the Company completed on June 18 and June 28, 2007, an aggregate of 3,000,000 share purchase warrants (the “Warrants”) were issued with an exercise price of $3.00 per share and an expiry date of June 18 and June 28, 2009, respectively. The Company has made application to the TSX Venture Exchange to amend the exercise price of the Warrants to $2.10 per share during the second year of the Warrants’ two year terms, with the warrant expiry dates remaining unchanged.

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, 5km south of the Hwy from the former Cassiar Mine townsite.

For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Company’s website at

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.