Columbus Energy Limited announce it has acquired a six month exclusive option to carry out a due diligence/mine study to acquire 60% of the Barbara-Chorzow Coal mine in Upper Silesia Poland from Przedsiebiors Uslug Gorniczych Greenway ('Greenway'). Provided Columbus is satisfied with the outcome of the due diligence/mine study particularly with the capital cost of reactivating the existing mine, and regulatory approval, it is the intention of Columbus to exercise the option. Under the terms of the option agreement Columbus will be responsible for securing 100% of the capital expenditure 40% of which will be paid back by Greenway from initial production.

No cash or shares will be issued on the exercise of the option agreement.