Columbus Energy Limited Not Proceeding With El Paredon or Calatrava Acquisitions

Columbus Energy Limited (TSX VENTURE:CEL) ("Columbus Energy" or the "Company")
announces that it is not proceeding with the acquisition of the El Paredon
mineral deposit in Spain announced July 17, 2012 or the acquisition of the
Calatrava deposit also located in Spain, announced July 19, 2012. Market
conditions did not allow the projects to be financed.


The Company is continuing to monitor progress and offer legal and technical
support to Spolka Weglowa Jaworzno (SWJ) the wholly owned Polish subsidiary of
Vesado Limited.


The Company has a right of first refusal over all of the shares of Vesado
Limited who, through SWJ, is involved in the process to access the remaining
coal resource at the Jan Kanty Coal mine in Upper Silesia.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Columbus Energy Limited
Douglas Scheving
Director/Corporate Secretary
(604) 684 7619
(604) 684 7346 (FAX)

Columbus Energy Limited (TSXV:CEL)
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