West Vancouver, British Columbia - March 17, 2008 - Columbia Yukon Explorations Inc. (the "Company" or "Columbia Yukon") is pleased to report assay results for the remaining six drill holes from the Company's 2007 drill program for the "Storie" Molybdenum Property, located 5km south of Cassiar in northern British Columbia.

"We are extremely pleased with the results from the 2007 drill program on the Storie Property, and in particular, the higher molybdenum grade assays results that we believe will enable us to establish a significant higher grade zone within the initial NI 43-101 resource area. This higher grade zone remains open to the west and will be further explored in the Company's planned 40,000 metre drill program for this year", said Ronald Coombes, President and CEO of Columbia Yukon.

In 2007, Columbia Yukon completed 76 drill holes (23,000 metres or 75,460 feet of core drilling) on the Storie Property. Prior to this news release, Columbia Yukon has reported assay results from 68 of the 76 drill holes. By this news release, the Company is reporting assay results for the remaining 6 drill holes (ST07-89 to ST07-96), which are summarized as follows:

*conversion factor: 1 metre = 3.28 feet
** conversion factor 1% MoS₂ = 0.5999 %Mo

The Company is still awaiting results from the twinned HQ drill hole (ST07-91), which drill core was sent to SGS Lakefield in Vancouver for analysis and metallurgical testing.  Drill hole ST07-92 was terminated at 28 metres due to inclement weather conditions at the time of drilling. 

Drill holes ST07-89 and ST07-90 were drilled within the initial NI 43-101 resource area. Drill holes ST07-93, ST07-94, ST07-95 and ST07-96 were all drilled to the south of the initial resource area.

The specific locations of the drill holes reported in this and earlier news releases can be viewed in the "Investors" - "Corporate Presentation" section of the Company's website at www.columbiayukon.com.

All of the above holes were drilled using hydraulic drills producing NQ sized core.  The core was sawn in half by a diamond bit rock saw and half of the core was retained and stored in the core box for permanent record or later reference. The other half of the core was bagged and sent to Acme Analytical Laboratories of Vancouver, B.C. where it was crushed and pulverized.  A one-gram sample was dissolved in aqua regia and the solution was analysed for 30 elements using an inductively coupled plasma emission spectrometer.  Samples that ran greater than 350 ppm Mo were assayed using a larger sample size and greater dilution in order to be able to read the higher grade values.

The Company is presently finalizing this year's exploration drill program for the Storie Property and expects to core drill a minimum of 40,000 metres (131,233 feet) in 2008. The Company's 2008 program is being designed in an effort to significantly expand the currently known and sizeable resource.

This news release has been reviewed and approved by John Kowalchuk, P. Geo., who is acting as Qualified Person for the Company's Storie Property Project in accordance with regulations under NI 43-101.

About Columbia Yukon Explorations Inc.:

Columbia Yukon is a Canadian mineral exploration company focused on the development of its Storie Molybdenum Property deposit located in northern British Columbia.
For further information, contact Mr. Clive Shallow, investor communications at 604-922-2030 or visit the Company's website at www.columbiayukon.com.

Columbia Yukon Explorations Inc.

"Ronald A. Coombes"
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Ronald A. Coombes, President & CEO

The TSX Venture Exchange has not reviewed this news release and does not accept responsibility for the adequacy or accuracy of this release.