West Vancouver, British Columbia - November 23, 2012 - Columbia Yukon Explorations Inc. (the "Company") announces that, in accordance with the terms of the Company's stock option plan, the Company has granted 3,555,000 incentive stock options to certain directors, officers, employees and consultants at an exercise price of $0.10 per share for a term of 5 years.

For further information, contact Mr. Clive Shallow, Shareholder Communications, at 604-922-2030, or visit the Company's website at www.columbiayukon.com

Columbia Yukon Explorations Inc.

"Douglas L. Mason"
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Douglas L. Mason, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



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