Colombian Mines Purchases El Dovio Surface Rights

Colombian Mines Corporation (TSX VENTURE:CMJ)(FRANKFURT:X6C) ("Colombian Mines"
or the "Company") is pleased to announce the Company has successfully negotiated
the purchase of approximately 35 hectares of surface real estate covering all
known and prospective mineralization and surrounding areas at El Dovio. 


This important acquisition, at a very reasonable price, on a "willing buyer -
willing seller" basis, assures the Company future access for exploration and
development of the Sabana Blanca, Brazo 1 and other zones. Included in the
purchase is significant infrastructure including housing, outbuildings, and
installed grid electricity that will enhance future programs and reduce future
operating expenses.


This important and strategic opportunity came about when the owner approached
the Company and indicated a desire to sell the property. The Company enjoys very
good relations with the former owner, the local community and all stake holders,
and is pleased that the owner sought to sell to the Company before offering to
third parties, eliminating potential for speculation. The consolidation of
mineral and surface rights benefits the Company in many ways, ensuring access
for current and future exploration and development programs, improving
operational flexibility on a going forward basis and simplifying environmental
management as a consolidated unit. 


About El Dovio: The Company's 100% owned El Dovio project, is comprised of
10,106 hectares, in four contiguous Concession Contracts that cover a high
grade, gold rich, poly-metallic vein system hosted in metamorphosed marine
volcanic rocks. Saw cut, surface channel samples from trenches in the Sabana
Blanca zone indicate a zone ranging from 30 to 68 meters wide with an average
sampled grade of 4.5 grams gold per tonne (g/T Au) and 0.5 to 2% copper (Cu)
with sub-intervals to 27 g/T Au over 7 meters and individual samples ranging
from 20 to 104 g/T Au. Recently completed Phase I drilling consistently
intersected high grade mineralization consistent with surface results and
confirms the down dip extension of mineralization, which remains open to
extension on strike and at depth.


Up Coming Events:

Colombian Mines will be exhibiting at PDAC in Session A, Sunday and Monday,
March 2nd and 3rd in booth 2215A. The Company will also be exhibiting the El
Dovio project in the Core Shack Session B, Tuesday and Wednesday March 4th and
5th, and will be making a corporate presentation Tuesday, March 4 at 4:40 PM,
Session Gold - Americas 3, Room 801A, MTCC, South Building. 


About Colombian Mines Corporation: Colombian Mines Corporation is an aggressive
exploration and development stage company with a distinct "first mover"
advantage in Colombia. Focused on developing shareholder value through
exploration and development of key projects, the Company is also one of
Colombia's leading "prospect generators". Further information can be found on
our website at www.colombianmines.com.


Robert G. Carrington, President & CEO 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-Looking Statement 

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Colombian
Mines Corporation. Actual results may differ materially from those currently
anticipated in such statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombian Mines Corporation
Sharon Hebgin
Corporate Communications
[phone] (Canada)
[phone] (United States)
[e-mail]


Colombian Mines Corporation
Dave Cross
Chief Financial Officer and Corporate Secretary
[phone]
[e-mail]
www.colombianmines.com