MAGELLAN GOLD OPTIONS SILVER DISTRICT PROPERTY
Reno, NV --- Magellan Gold Corporation (MAGE - OTCBB) is pleased to announce that it has entered into an option agreement (the “Agreement”) with Columbus Silver Corporation (CSC: TSX-V) (“Columbus Silver”, under which Magellan may acquire all of Columbus Silver’s interest in its Silver District property located in Arizona (the “Property”) for an aggregate purchase price of US$1,013,200. Magellan paid Columbus Silver US$63,200 on signing the Agreement, and is required to pay a further US$50,000 on or before December 31, 2012, US $400,000 by the end of 2013, and a final $500,000 by the