Columbus Gold Signs US$30 Million Definitive Option Agreement With Nord Gold on 5.37 Million Oz. Montagne d'Or Gold Deposit, French Guiana - Seite 2

During the option period, Nord Gold has agreed to a standstill under which it will not obtain 20% or greater of the outstanding voting securities of Columbus Gold, will not solicit proxies from Columbus Gold's shareholders, will not attempt to engage in discussions respecting fundamental transactions involving Columbus Gold, and will vote any securities it holds in favour of management proposals put forward by Columbus Gold.

The Agreement is subject to receiving confirmation from the French government that it has no objection to the option. The Agreement contains other provisions standard for an option agreement, including an area of interest, force majeure extensions and termination provisions. A copy of the Agreement will be available in due course on Columbus Gold's SEDAR profile at www.sedar.com.

ABOUT NORD GOLD

Nord Gold (LSE:NORD) is publicly traded on the London Stock Exchange and is an international pure-play emerging-markets gold producer established in 2007. Nord Gold has expanded rapidly through acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. In 2013, Nord Gold's gold production was 924,000 oz. It operates nine mines in Russia, Kazakhstan, Burkina Faso and Guinea. Nord Gold has one development project, four advanced exploration projects and a diverse portfolio of early exploration projects and licenses in CIS and West Africa. Nord Gold employs over 10,000 workers on two continents.

Rock Lefrançois, P.Geo. (OGQ), Columbus Gold's Chief Operating Officer and Qualified Person under National Instrument 43-101, has reviewed and approved the technical content of this news release. For additional technical details on the Project, please see the technical report "Paul Isnard, French Guiana, Mineral Resource Estimate, NI 43-101 Technical Report" with an effective date of November 23, 2012 (the "Technical Report"), filed on Columbus Gold's SEDAR profile at www.sedar.com on March 14, 2013.

For more information regarding the letter of intent dated September 17, 2013, please see Columbus Gold's news release of September 18, 2013.

ON BEHALF OF THE BOARD,

Robert F. Giustra, Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release contains forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"), respecting the option, the earn-in conditions, the BFS, the payment of US$4.2 million, advancement of project to mine construction and possible sale of 0.01% interest thereafter, the standstill, and the other conditions under the Agreement. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by the forward-looking statements, including without limitation that the French government may object to the option, Nord Gold may not decide to exercise the option; that Nord Gold may not have resources available to exercise the option; that a BFS may not be able to be prepared on the terms required under the Agreement; whether or not SOTRAPMAG will decide to move the Project to mine construction; whether a party's interest in SOTRAPMAG will be diluted; whether the standstill provisions will be followed and, if not, whether they are enforceable; that the condition underlying the Agreement may not be able to be completed in a timely fashion or at all; the ability to acquire necessary permits and other authorizations; the feasibility of taking the Project into production; the number of Ounces delineated in the BFS; that production may never occur at the Paul Isnard Project; environmental compliance; cost increases; availability of qualified workers and drill equipment; competition for mining properties; risks associated with exploration projects, mineral reserve and resource estimates (including the risk of assumption and methodology errors); dependence on third parties for services; non-performance by contractual counterparties; title risks; and general business and economic conditions.