Columbus Silver - News Release ( http://www.columbussilvercorp.com/ ) Phase I Drilling Results from Mogollon Silver-Gold Project, New Mexico Vancouver, British Columbia, Canada.

June 17th, 2010.

Columbus Silver Corporation (CSC: TSX-V) ("Columbus Silver" or the "Company") announces drilling results from its 100% controlled Mogollon silver-gold project, Catron County, New Mexico.

Columbus Silver drilled 7,293 feet (2,210 meters) of core in eleven holes at Mogollon.

The drilling was exploratory in nature, concentrated on the Anna E.

vein, the Ida May-Independence vein system, and the uppermost levels above the Consolidated deposit which was partially delineated by drilling in the 1980s.

Three holes were drilled at Anna E.

and were oriented to test the vein about 200 feet below mineralized intercepts drilled by Cordex in 1984.

Wide zones of quartz veining and stockworks were intersected in the recent drilling but the program was unsuccessful in extending the mineralization to depth and the structure was cut out by an andesite dike in hole MGC-46.

Three holes were drilled by Cordex at Anna E.

in 1984 and all intersected the vein between the surface and 300 feet of depth.

Drill hole MGR-29 cut five feet grading 0.290 opt Au (9.93 g/t) and 5.55 opt Ag (190 g/t), drill hole MGR-30 cut five feet grading 0.415 opt Au (14.2 g/t) and 15.40 opt Ag (530.5 g/t), and drill hole MGR-2 cut 25 feet grading 0.230 opt Au (7.88 g/t) and 1.19 opt Ag (40.7 g/t) which included five feet of 0.565 opt Au (19.35 g/t) and 2.56 opt Ag (87.7 g/t).

This zone remains completely open to the west but does not appear to extend to depths below 300-350 feet in the area drilled.

Five holes were drilled at the Ida May-Independence vein system during the current program; these were the first holes ever drilled on these veins.

Drilling cut the system between 6,900 and 6,950 feet of elevation, below barren surface faults with minor veining exposed at 7,160 and 7,380 feet of elevation.

Between 45 and 90 feet of quartz stockworks and veins were cut in all of the holes, however the best grade was 0.063 opt Au (2.15 g/t) and 3.23 opt Ag (110.7 g/t).

The vein widths and degree of alteration are increasing with depth and further drilling is recommended to cut the structures at 6,200-6,400 of elevation.

Three holes were drilled to test the area between the surface and mineralized intercepts encountered in the 1980s drilling by Cordex on the Consolidated deposit on the Queen vein.

The Consolidated deposit contains an historical resource of 845,000 tons (767,000 tonnes) averaging 9.35 opt (320 g/t) silver and 0.15 opt (5.1 g/t) gold (7,900,750 oz silver and 126,750 oz gold).

The drill holes in the current program were planned to cut the vein above the 1980s drill hole MGR-14 which cut 72.5 feet grading 0.084 opt Au (2.87 g/t) and 3.93 opt Ag (134.6 g/t), including 21 feet (16 feet true width) of 0.147 opt Au (5.03 g/t) and 7.11 opt Ag (243.5 g/t) at a depth of about 1,000 feet.

Hole MGC-48 was positioned to step-out 400 feet updip from the historical Consolidated deposit and cut the Queen vein at 500 feet below the surface.

The hole intercepted 150 feet of mostly calcite, with much lesser quartz, and carried little grade.

Drill hole MGC-54 was positioned to step-out 200 feet updip from the Consolidated deposit but deviated upwards 10-15 degrees missing the target and was therefore abandoned.

Drill hole MGC-55 was drilled to intersect the target missed by hole MGC-54 however it also deviated by approximately 2.5 degrees, but it did cut the Queen vein about 215 feet above the mineralized intercept in MGR-14.

The vein had a much higher percentage of quartz at this level, and was well mineralized, but over narrow intervals.

A map of the Consolidated deposit at the Queen vein with drill hole locations can be viewed at the following link: www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-drillholes.pdf ( http://www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-drillholes.pdf ) Complete drill results from Phase I drilling can be viewed here: www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-drill-results.pdf ( http://www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-drill-results.pdf ) Phase II drilling at Mogollon will be concentrated on further development and expansion of the Consolidated deposit on the Queen vein.

Permitting for Phase II is well underway with archaeological and biological studies completed, and permitting documents filed with the State of New Mexico Energy, Minerals, and Natural Resources Department, Mining and Mineral Resources Division.

Site visits by the various permitting regulators are scheduled in June and final permits are expected in August.

About Mogollon The Mogollon Project covers most of an extensive, silver-gold bearing epithermal vein field totaling more than 45 miles (72 km) of strike length of which only 3 miles (4.8 km) have been developed.

There are two sets of veins at Mogollon, a north-south set represented by the Queen vein, hosting the former Consolidated Mine, and an east-west set represented by the Little Fanney and Last Chance veins, hosting former mines by the same name.

Historical recorded production from these veins between 1905 and 1942 is reported to total 15,700,000 ounces silver and 327,000 ounces gold from approximately 1.7 million tons (1.5 million tonnes) averaging 9 opt (308 g/t) silver and 0.18 opt (6.17 g/t) gold.

The only drilling known to be carried-out in the Mogollon district occurred between 1981 and 1989 (see press release of May 26, 2009) and was successful in outlining a partially delineated silver-gold deposit at the former Consolidated Mine in the Queen vein containing an historical resource of approximately 16,000,000 ounces silver equivalent in 845,000 tons (767,000 tonnes) averaging 9.35 opt (320 g/t) silver and 0.15 opt (5.1 g/t) gold.

There are dozens of mineralized and potentially mineralized veins at Mogollon that have never been drill tested providing potential for considerable resource expansion.

A Mogollon Property map is available at: www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-map.pdf ( http://www.columbussilvercorp.com/i/pdf/nr/2010-06-17-mogollon-map.pdf ) Caution: A qualified person has not done sufficient work to classify the historical estimates contained herein as current mineral resources.

The Company is not treating the historical estimates as current mineral resources and the historical estimates should not be relied upon.

Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release.

Mr.

Wallace is a VP of Columbus Silvers U.S.

subsidiary and the principal of Cordilleran Exploration Company ("Cordex"), which is conducting exploration and project generation activities for Columbus Silver.

About Columbus Silver Columbus Silver is a silver exploration and development company operating in the Western United States possessing an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of mining projects.

Columbus Silvers project activities are managed on an exclusive basis by Cordex, which has a long and successful history of discovery and mine development in the United States.

Columbus Silver maintains active generative (prospecting) and evaluation programs and currently controls a 100% interest in 8 silver properties in Utah, Arizona, New Mexico and Nevada.

ON BEHALF OF THE BOARD, Robert F.

Giustra President & CEO, Director 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.

For more information contact: Ray Lagace Investor Relations 604-638-3474 or 1 888 818-1364
For more information on Columbus Silver go to: www.columbussilvercorp.com ( http://www.columbussilvercorp.com/ ) Join our Email List ( https://app.campaignerpro.com/CampaignerPro/Public/Form.aspx?fid=77090 )
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 Companys exploration plans, permitting expectations for Phase II of drilling, and expected site visits by various permitting agencies.

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 the ability to acquire necessary permits and other authorizations; environmental compliance; cost increases; availability of permitting agencies for site visits; availability of qualified workers; 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.

Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about: general business and economic conditions; the timing and receipt of required approvals; availability of financing; availability of permitting agencies for site visits; suitability of Phase II drilling plans in connection with obtaining permits; power prices; ability to procure equipment and supplies; and ongoing relations with employees, partners and joint venturers.

The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law. You are subscribed to this mailing list as .

Please use the link below to modify your message preferences or to unsubscribe from any future mailings.

We will respect all unsubscribe requests.

http://cp20.com/Tracking/t.fo?B6LA--1Nxd-Jwgvy8 powered by Campaigner