EnerGulf Resources Inc. and Columbus Copper Corporation announced that they have entered into a definitive arrangement agreement pursuant to which EnerGulf will acquire all of the outstanding shares of Columbus Copper in exchange for common shares of EnerGulf to be issued on the basis of one Columbus share for 0.4937 EnerGulf common shares. The arrangement agreement provides that EnerGulf's Board of Directors will be expanded from four to five directors, with Robert Giustra, Director of Columbus Copper, to be appointed as a fifth director on closing. The chief financial officer of EnerGulf will resign and be replaced with the current CFO of Columbus Copper, Akbar Hassanally, and the VP, Communications and Technology and the VP, Legal and Corporate Secretary of Columbus Copper will be appointed to the same officer positions with EnerGulf.