Mr. Robert Giustra reports

COLUMBUS SATISFIES ANOTHER CONDITION FOR THE ALLEGIANT SPIN-OUT ARRANGEMENT

Columbus Gold Corp. has obtained conditional approval from the Toronto Stock Exchange for the Allegiant Gold Ltd. spinout arrangement. This was one of the last two steps required to set the share distribution record date and to complete the spinout of Allegiant to Columbus shareholders. The last remaining step is to obtain conditional approval from the TSX Venture Exchange to list Allegiant, which is currently being sought.

Only shareholders of record as at the share distribution record date will be entitled to receive shares of Allegiant in the spinout. Shareholders of record on that date will receive one share of Allegiant, for every five shares they own of Columbus. Shareholders who sell their Columbus shares prior to the share distribution record date will not be entitled to receive shares of Allegiant.

About Columbus Gold Corp.

Columbus is a leading gold exploration and development company operating in French Guiana, France, and in Nevada. Columbus holds a major interest in the world-class Montagne d'Or gold deposit in French Guiana. A feasibility study for Montagne d'Or was filed in May, 2017, and the permitting process is currently under way. In Nevada, Columbus is advancing its flagship projects, the Eastside gold project and the Bolo gold project. Drilling is under way at Eastside and drill samples from Bolo have been shipped to the assay lab.

We seek Safe Harbor.