West Vancouver, British Columbia � June 29, 2007 � Columbia Yukon Explorations Inc. (the �Company�) is pleased to announce that, further to its news release dated June 15, 2007, it has closed a non-brokered flow through private placement. The Company has raised an additional $3,000,000 by the issuance of 1,500,000 flow through units (the �FT Units�) to one institutional investor at a price of $2.00 per FT Unit. Each FT Unit consists of one flow through common share and one common share purchase warrant, with each warrant entitling the holder to purchase an additional non-flow through common share at a price of $3.00 for a period of two years from the closing date. In connection with the private placement, finders� fees were paid consisting of $150,000 and 75,000 finders� warrants. Each finder�s warrant will entitle the holder to purchase one additional common share for a period of one year at an exercise price of $2.10. All of the securities issued pursuant to the private placement are subject to a hold period expiring on October 29, 2007.
The proceeds from this private placement will be used for exploration and development of the Company�s �Storie� molybdenum property 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 www.columbiayukon.com.
Columbia Yukon Explorations Inc.
�Douglas L. Mason�
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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.
