VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 16, 2012) – Columbia Yukon Explorations Inc. (the “Company” or “Columbia Yukon”) (TSX VENTURE:CYU)(FRANKFURT:VOR) announces that, subject to regulatory approval, it intends to proceed with a non-brokered private placement (the “Private Placement”) to raise up to $150,000 by the issuance of 3,000,000 non-flow through common shares (the “Shares”) at $0.05 per Share. Certain directors and/or officers will be participating in this Private Placement.

The Company intends to use the proceeds from this Private Placement for general working capital purposes and for furthering the exploration and development of the Company’s Storie Property molybdenum project.

About Columbia Yukon Explorations Inc.

Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Property molybdenum deposit situated about 6 km southwest of Cassiar, British Columbia. The Storie Property molybdenum deposit has an April 2009 updated NI 43-101 compliant Measured and Indicated Resource of 139.82 million tonnes grading 0.064% Mo (at a cut-off of 0.030% Mo) and 58.39 million tonnes of Inferred Resource grading 0.059% Mo (at a cut-off of 0.030% Mo). Cassiar, British Columbia is located 15 km by road west of Highway 37 which connects to Watson Lake, Yukon, to the north and Dease Lake and Stewart, British Columbia, to the south.

Columbia Yukon Explorations Inc.

Douglas L. Mason, Chairman