Columbus Energy Limited ("The Company") Increases Over Subscribed Private Placement

Columbus Energy Limited (TSX VENTURE:CEL) - The Company is pleased to announce
that it has increased the amount of its private placement first announced on
August 23, 2010. The placement was originally for 20,000,000 units at $0.05 per
unit to gross $1,000,000 however it has been oversubscribed at 28,609,650 units
to gross $1,430,482.50.


Each unit will consist of one common share and a transferable five year purchase
warrant allowing the purchaser to purchase an additional share at a price of
$0.10. A finder's fee will be paid in cash on a portion of the placement. The
placement is subject to regulatory approval.


This news release includes certain "forward-looking statements". All statements
other than statements of historical fact included in this release, including,
without limitation, statements regarding potential mineralization, exploration
results and future plans and objectives of the Company are forward-looking
statements that involve various risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual results and
future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the
Company's expectations include market prices, exploitation and exploration
results, availability of capital and financing, general economic, market or
business conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment, timeliness of government
approvals, unanticipated environmental impacts on operations and other
exploration risks detailed herein and from time to time in the filings made by
the Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements.