Columbus Energy Limited to be Transferred to NEX Board

Vancouver, British Columbia--(Newsfile Corp. - September 29, 2015) - Columbus Energy Limited (TSXV: CEL) (TSXV: CEL.H) ("Company") is not meeting Tier 2 Continued Listing Requirements and has been advised by the TSX Venture Exchange that it is being transferred to NEX effective at the opening on Wednesday, September 30, 2015. The Company's common shares will trade under the symbol CEL: H. There will be no change in the Company's name, no change in its CUSIP number and no consolidation of capital. NEX is a separate board of the exchange that is designed to provide a trading forum for publicly listed companies while they assess their business plans, operations, and formulate a strategy to reactivate their business for future growth.

On behalf of the Board of Directors
Signed "Glen Macdonald"
Glen Macdonald. President and CEO

Neither TSX Venture Exchange not its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information:
Columbus Energy Limited
Douglas Scheving
Corporate Secretary
Phone 604 684 7619

This news release includes certain "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involves various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time-to-time with the British Columbia and Alberta Securities Commissions.