COLUMBIA METALS CORP. LTD

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WKN:  936540 ISIN:  CA1978011031
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Die Machbarkeitsstudie! (Feasibility)
http://columbiametals.ca/properties/pdf/Lluvia%20pre-feasibility%20report.pdf
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Im Mai soll mit dem Goldabbau begonnen werden.

C  O  L  U  M  B  I  A      M  E  T  A  L  S     P  R  E  S  S     R  E  L  E  A  S  E 
February 26, 2008


For Immediate Release
Lluvia-Jojoba gold and copper mine project update

Columbia Metals Corp. Ltd. (TSX-V: COL) is pleased to report on progress at the Lluvia-Jojoba gold and copper mine project.

"We are now ready to begin commissioning the gold recovery circuit at the Lluvia-Jojoba gold and copper mine project," said Chris Berlet, President and CEO of Columbia Metals.

"Material from the company's Sierra Pinta project will be blended with some 35,000 tonnes of ore from the Lluvia pit and a batch leach test will be conducted. At this time we are operating a single 8 hour crushing shift during daylight hours. We expect to be able to complete the batch leach operation by mid May, and will then proceed to crush and re-leach the existing Lluvia pad material over a period estimated to be between 10 - 14 months. During this time uncrushed pad material will be processed through the site's new crushing system and re-leached. Concurrently Columbia's technology partner, BioteQ Environmental Technologies Inc. (TSX: BQE), will complete commissioning of the SART copper recovery plant," said Mr. Berlet.

"The addition of the SART circuit will materially affect project economics. The recovery of copper in the SART process will increase gross metal value revenue from the Lluvia-Jojoba mine project by 5-15% at current metal prices, while reducing the gold production cost by lowering reagent costs, providing for better management of reagents and by improving the efficiency of gold recoveries in the activated carbon adsorption process. The SART circuit provides for a copper revenue opportunity which was not available to prior operators of this mine," continued Mr. Berlet. "We have been crushing existing leach pad material since early December of last year, and anticipate sending activated carbon offsite in order to receive first gold payment by the middle of May," said Mr. Berlet.

"We are excited about the prospect of re-starting production at the Lluvia-Jojoba mine project and beginning to generate positive cash-flow in an environment of robust gold and copper prices," said Mr. Berlet.

ADR Facility and Stacker stockpiling newly-crushed material
 
SART Plant construction

Columbia Metals Corp Ltd. (TSX-V: COL) is a near term gold and copper producer with its principal production project, the Lluvia-Jojoba gold and copper mine project, located in the State of Sonora, Northern Mexico.

For further information please contact Columbia Metals Corporation Limited at (416) 364-6799.


This Press Release contains certain forward-looking statements relating, but not limited to, the Company operations, anticipated financial performance, business prospects and strategies. Forward-looking information typically contains statements with words such as "anticipate", "believe", "plan" or similar words suggesting future outcomes.

The results or events predicted in these statements may differ materially from actual results or events. By its nature, the Company's forward-looking information involves numerous assumptions, inherent risks and uncertainties, including but not limited to the following factors: changes in business strategies; general global economic and business conditions; the effects of competition and pricing pressures; shifts in market demand; changes in laws and regulation; uncertainties of litigation; labour disputes; timing of completion of capital or maintenance projects, currency and interest rate fluctuations; various event which disrupt operations; and technological changes.

The Company undertakes no obligation to update publicly or otherwise revise forward-looking information, whether as a result of new information, further events or otherwise.
 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
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Columbia Metals Corporation Limited (COL)
Columbia Metals Corporation Limited (COL) und das Gold aus Sonora, Mexico WKN: 936540 ISIN: CA1978011031 Symbol: CBMLF http://www.columbiametals.ca/ Total Number of Shares 92,956,427 Shares in Escrow 0 Net Shares Outstanding 92,956,427 Float Quoted Market Value 11,154,771 Stock Options: 6,622,400 Warrants: 22.Nov.08 ($.45) 2,700,000 17.Feb.09 ($.30) 30,000 20.Feb.09 ($.30) 2,500,000 25.Oct.09 ($.25) 12,500,000 Total (Warrants): 17,730,000 Convertible 17.Jan.09, 10% Coupon ($.30) 3,666,666 ½ Warrant 18 months ($.50) 1,833,333 Fully Diluted 122,808,826 Potential Funds from Dilution $ 7,806,895 http://www.columbiametals.ca/properties/images/propertiesmain_top_image.jpg View this propertyLluvia-Jojoba project (Highlights) 2 gold ore bodies with total combined claim area of: [b]5,075 ha.[/b] Property wide (43-101 compliant: M, I &I) gold resource: [b]514,577 oz. Au[/b] http://www.canadianinsider.com/coReport/allTransactions.php?ticker=col Mar 07/08 Feb 29/08 Dehn, Michael Alexander Direct Ownership Options 50 - Grant of options 75,000 $0.200 Mar 06/08 Feb 28/08 Waddington, Dennis Howson Direct Ownership Options 50 - Grant of options 150,000 Mar 06/08 Feb 28/08 Steers, John Edward Direct Ownership Options 50 - Grant of options 75,000 $0.200 Mar 03/08 Feb 28/08 Byne, Mary Ellen Direct Ownership Options 50 - Grant of options 100,000 $0.200 Mar 03/08 Feb 28/08 Berlet, Christopher James Direct Ownership Options 50 - Grant of options 225,000 $0.200 Mar 02/08 Feb 27/08 Paterson, John Direct Ownership Options 50 - Grant of options 75,000 $0.200 Feb 25/08 Feb 22/08 Berlet, Christopher James Direct Ownership Common Shares 10 - Acquisition in the public market 8,000 $0.180 Feb 25/08 Feb 21/08 Berlet, Christopher James Direct Ownership Common Shares 10 - Acquisition in the public market 92,000 $0.180 Feb 25/08 Feb 19/08 Berlet, Christopher James Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.175 Feb 04/08 Jan 31/08 Berlet, Christopher James Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.190 - Amended Filing
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