Overview

Columbia Yukon Explorations Inc. (CVE:CYU) 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.

Chief Property

Storie Molybdenum Deposit – Northern British Columbia – Canada

Storie Molybdenum Deposit Drill Collar Overlay - click to zoom

Molybdenum sample from Storie project - click to zoom

The Storie Property consists of nineteen mineral tenures, with a total area of 5095.67 ha. Columbia Yukon acquired the rights to explore and develop the Storie Molybdenum Deposit in March, 2006. In October 2007, CYU announced it had accelerated the payment, expenditures and share issuances under this agreement and now owns a 100% interest in the property subject to a 2.5% net smelter return. CYU’s obligations under the five year agreement were completed in less than two years.

Historic exploration was conducted covering the periods from 1959 to 2005. Columbia Yukon completed 25,000 metres of drilling in the 2007 season, which resulted in the discovery of a higher grade zone in the westerly half of the Storie deposit.

A 2008 drill program successfully outlined significant new tonnage of resources. A total of 20,655 m of drilling was completed by Columbia Yukon in 49 NQ holes, bringing the total amount of Columbia Yukon drilling to 48,681 m. Six of the core drill holes were for infill drilling in the centre of the known Storie deposit, with the objective of upgrading part of the resource from Indicated to Measured category. The remaining 43 holes were drilled at the outside of the known limits of the deposit with the objective of potentially expanding the zone of mineralization. The drill program was successful and resulted in a 2009 updated NI 43-101 report which can be found on the Company website (www.columbiayukon.com) or Sedar (www.sedar.com).

Drilling to date has resulted in the Storie molybdenum project becoming one of the largest pure primary molybdenum deposits in Canada. As well, it should be noted that Columbia Yukon is extremely encouraged with the fact that the deposit is still open to the South.

Management

Mr. Douglas L. Mason - Chairman - Former President and CEO of Clearly Canadian Beverage Corporation, Mr. Mason has spent many successful years in the public and private financial arenas. Mr. Mason is President and CEO of Waterfront Capital Corporation and President, Director and sole shareholder of Criterion Capital Corporation ( a private investment and financial consulting company).

Mr. Ronald A. Coombes - President – Mr. Coombes is an experienced entrepreneur and fundraiser and has been involved in mineral exploration and junior exploration company management for the past 15 years. Mr. Coombes also holds the position as President of International Bethlehem Mining Corp., Black Panther Mining Corp., White Tiger Mining Corp. and Rainy Mountain Royalty Corp.

Mr. Sead Hamzagic, CGA - Chief Financial Officer  and Director – Mr. Hamzagic has over 10 years of public accounting practice experience and 13 years of experience in financial management matters. Mr. Hamzagic has held a number of senior management positions in a variety of businesses and industries. Most recently Mr. Hamzagic was the Vice President of Finance for a large group of privately held companies that were involved in property development and management. Mr. Hamzagic is a member in good standing with the Certified General Accountants Association of British Columbia.

Mr. Bruce E. Morley, LLB, BComm - Director – Mr. Morley has extensive experience in assisting public companies with legal and business matters. Mr. Morley is currently a director of Waterfront Capital Corp, Columbia Yukon Explorations Inc and Black Panther Mining Corp. Mr. Morley has been a practicing lawyer and a member in good standing with the Law Society of British Columbia since 1981. Prior to that, Mr. Morley received a bachelor of commerce degree with specialties in finance and real estate.

Benjamin Ainsworth, MA, P.Eng - Director – Ainsworth is a senior Geologist and mining consultant who has been involved in the mining industry for over thirty-five years. He graduated in 1963 with an honors degree in Geology from Oxford University in England. He joined Placer Development in 1965 and held positions of Senior Geologist, Chief Geochemist, Exploration Manager — Eastern Canada, Exploration Manager – Chile, and President – Placer Chile, South America. Throughout the 70′s, Mr. Ainsworth was involved in the design, budgeting and implementation of exploration programs that included large and small drill programs, geophysical surveys, geological mapping, geochemical surveys, and a full range of project evaluation studies. He is a registered Professional Engineer in the Province of British Colombia and is a Canadian citizen by naturalization.

Mr. Edward Yurkowski, P. Eng. Independent Director - Audit Commitee - Mr. Yurkowski is a founder and the President of Procon Mining and Tunnelling Ltd. (“Procon”), a Vancouver based full service mining contractor with operations in North America and other continents. Prior to forming Procon (from 1981-1991), Mr. Yurkowski was the President and a part owner of Tonto Mining, a successful mining contractor. Mr. Yurkowski also serves on the Board of Directors of Imperial Metals Corporation, Cross Lake Minerals Ltd. and Selkirk Metals Corp.