November 7, 2012 - Edward Yurkowski ("Yurkowski") wishes to announce that he has purchased 20,000,000 common shares (the "Shares") of Columbia Yukon Explorations Inc. (the "Company") at a price of $0.05 per share, pursuant to a private transaction.  Prior to the purchase of the Shares, Yurkowski owned 10,096,000 common shares of the Company.

At present, Yurkowski owns an aggregate of 30,096,000 shares of the Company, or approximately 41.33% of the outstanding common shares of the Company.  Yurkowski also holds warrants for the purchase of an additional 1,000,000 common shares of the Company and stock options for the purchase of an additional 150,000 common shares of the Company.  Upon the exercise of these warrants and stock options in full, Yurkowski would own a total of 31,246,000 common shares of the Company, or approximately 42.25% of the Company's then issued and outstanding share capital, assuming no other shares of the Company are issued.

The Shares were issued to Yurkowski pursuant to section 2.3 of National Instrument 45-106.  Yurkowski has acquired the Shares for investment purposes and may acquire further securities of the Company for investment purposes, in the market or privately, from time to time.

This news release is being issued pursuant to Part 3 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators.  A copy of the report filed by Yurkowski in connection with the acquisition of the Shares is available on the Company's SEDAR profile, and it can also be obtained directly from Yurkowski by contacting him at the number shown above.

"Edward Yurkowski"
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Edward Yurkowski

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.



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