West Vancouver, British Columbia – June 10, 2008 – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) is pleased to report that its 2008 core drilling program continues to yield positive initial results. As recently reported, drilling began in late May and thus far the Company has completed two core drill holes (ST08-97 and ST08-98).
Drill hole ST08-97 is located 50 metres west of one of last year’s drill holes (ST07-96) and was drilled to a depth of 407 metres. Visible flakes, grains and disseminated molybdenite were observed in the core from the top to the bottom of the drill hole.
Drill hole ST08-98 was drilled 50 metres west of ST06-11 (which was drilled in 2006). At this location an outcrop containing significant molybdenite mineralization was most recently discovered (see News Release dated June 4, 2008). Drill hole ST08-98 was drilled to a depth of 359 metres and molybdenite mineralization was observed in the core from the top to the bottom of the drill hole. Near the top of the drill hole extensive fracture fill molybdenite mineralization (similar to that of the outcrop discovery) was observed in the core. Pictures of the outcrop discovery can be viewed on the Company’s website photo gallery at www.columbiayukon.com.
This news release has been reviewed and approved by John Kowalchuk, P. Geo., who is acting as Qualified Person for the Company’s Storie Property Project in accordance with regulations under NI 43-101.
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 www.columbiayukon.com.
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.