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Columbia Yukon Grants Stock Options

July 24, 2012

West Vancouver, British Columbia – July 24, 2012 – In connection with the recent appointment of Andrzej Kowalski as a director of Columbia Yukon Explorations Inc. (the “Company”), the Company is pleased to announce that it has granted 75,000 incentive stock options to Mr. Kowalski at an exercise price of $0.10 per share for a term of 5 years.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company’s website at www.columbiayukon.com

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Columbia Yukon Explorations Inc.

“Douglas L. Mason”

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Douglas L. Mason, Chairman

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.