Vancouver, British Columbia, Canada. May 26th, 2009. Columbus Silver Corporation (CSC: TSX-V) ("Columbus Silver") is pleased to announce a number of significant unreported drilling results following review of drilling data from its 100% controlled Mogollon silver-gold project, Catron County, New Mexico.

The drilling was carried-out by St. Joe Minerals, Cordex and John Livermore in three programs between 1982 and 1988 and consisted of 40,000 ft (12,192 m) of drilling in 53 rotary and core holes which were successful in outlining a partially delineated silver-gold deposit in the Queen vein containing approximately 845,000 tons (767,000 tonnes) with an average grade of 9.35 ounces per ton ("opt") (320 grams per tonne ("gpt")) silver and 0.15 opt (5.1 gpt) gold. Significant intercepts of gold and silver were also encountered in a number of other veins including Anna E, Last Chance, South Fork, Mascot and Graveyard. In addition, dozens of mineralized and potentially mineralized veins that have never been drill tested provide potential for considerable resource expansion in an epithermal vein system totaling more than 45 miles (72 km) of strike length and only 3 miles (4.8 km) have been developed. A property map is available at:

A complete list of significant results is available at:
http://www.columbussilvercorp.com/i/pdf/nr/mogollon-2009-05-26-map.pdf

Significant intercepts of the drilling include:

A complete list of significant results is available at:
http://www.columbussilvercorp.com/i/pdf/nr/mogollon-2009-05-26-dr.pdf

The Mogollon district, located 75 miles (120 km) northwest of Silver City in southwest New Mexico, covers an extensive, silver-gold bearing epithermal vein field with historic production, largely from the Little Fanney and Last Chance mines during the period 1905 to 1925, and the Consolidated Mine from 1937 to 1942, of 15,700,000 ounces silver and 327,000 ounces gold from approximately 1.7 million tons (1.5 million tonnes) of ore. Mining ceased in 1942 due to the wartime cessation of all gold and silver mining in the United States.

The Mogollon silver-gold deposits are classic epithermal veins which demonstrate good continuity of grade and thickness for strike lengths of up to 4,000 ft (1,219 m) in the Little Fanney and Last Chance mines and through a remarkably consistent, elevation-controlled vertical range of about 1,000 ft (305 m). There are two sets of veins at Mogollon, an east-west set represented by the productive Little Fanney and Last Chance veins, and a north-south set represented by the Queen vein developed in the Consolidated Mine.

The initial Columbus Silver drilling program will focus on testing the east-west trending Gold Dust, Independence-Ida May and Anna E veins and confirmation, delineation and expansion of the silver-gold deposit in the Queen vein. The highly prospective east-west veins have near-surface characteristics similar to the historically productive Little Fanney and Last Chance veins but have only been explored by shallow workings above the highly predictable Mogollon productive zone.

The historic figures presented herein are not NI 43-101 compliant. They should not be relied upon and Columbus Silver does not treat them as current.

Quality Assurance/Quality Control

Assays were determined by fire assay by the principal assayer Skyline Labs in Tucson, Arizona, with check assays performed at Rocky Mountain Geochemical Laboratory in Reno, Nevada, the fire assay lab of the Dee Gold Mine in Carlin, Nevada, and at Silver City Testing Laboratory in New Mexico. Ore grade samples were routinely checked at multiple labs, with checks on both original assay pulps and separate splits taken at the drill site.

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 Silver's U.S. subsidiary and a partner 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 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 6 silver properties in Utah, Arizona, New Mexico and Nevada.

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 exploration plans. 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 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; 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.