CSC Citizen Stash Cannabis Corp

Columbus Silver Corporation (TSX VENTURE:CSC) ("Columbus Silver" or the
"Company") is pleased to announce that it has closed the first tranche of the
private placement previously announced on July 22, 2009. The Company has raised
gross proceeds of $1,055,750 through the issuance of 10,557,500 units at a price
of $0.10 per unit. Each unit is comprised of one common share and one common
share purchase warrant exercisable at a price of $0.20 per warrant share for a
period of 2 years.


The Company is also pleased to announce that it will increase the size of the
private placement from the previously-announced $1,300,000 to $1,500,000. It
expects to close up to the remaining $444,250 of the private placement via a
second tranche in the near future. The increase to the private placement is
subject to TSX Venture Exchange approval.


Finders' fees were payable in connection with the first tranche of the private
placement, equal to an aggregate of $80,280 and 702,800 non-transferable
finder's warrants exercisable at a price of $0.20 per finder's warrant share for
a period of 2 years.


All of the securities issued under the first tranche of the private placement
are subject to a four-month hold period expiring on December 29, 2009, with
additional hold periods applicable to US investors.


The proceeds of the private placement will be used for exploration at the
Company's Mogollon property in New Mexico, and for working capital requirements.


The participation of certain subscribers in the private placement constitutes a
"related party transaction" under Multilateral Instrument 61-101 ("MI 61-101"),
being Columbus Gold Corporation (Columbus Gold Corporation is a control person
of the Company); Robert Giustra (Mr. Giustra is the CEO of both Columbus Gold
Corporation and the Company); and Sean McGrath (Mr. McGrath is the CFO of both
Columbus Gold Corporation and the Company). The Company was exempt from both the
formal valuation and minority shareholder approval requirements of MI 61-101 in
connection with the private placement as neither the fair market value of the
securities issued, nor the consideration for such securities, in so far as it
involves interested parties, exceeded 25% of the Company's market capitalization
as calculated pursuant to MI 61-101, and because the Company's securities are
not listed for trading on specified markets set out in MI 61-101.


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 Silver's project activities are managed on an exclusive basis by
Cordex, owned and operated by John Livermore and Andy Wallace who have 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 9 silver properties in Utah,
Arizona, New Mexico and Nevada.


ON BEHALF OF THE BOARD,

Robert F. Giustra, President & CEO, Director

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 Company's use of proceeds of the
private placement and when and if it will close the second tranche of the
private placement. 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 complete the private placement; ability to locate and
dependence on finders; availability of qualified workers; risks associated with
exploration projects; 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 ability to locate sufficient
purchasers (and if applicable, finders) to complete the private placement; the
timing and receipt of required approvals; 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.

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