Mr. Robert Giustra reports

COLUMBUS GOLD SPIN-OUT ALLEGIANT RESERVES TRADING SYMBOL AUAU; WARREN BEIL APPOINTED VP LEGAL AND CORPORATE SECRETARY

Columbus Gold Corp.'s spinout Allegiant Gold Ltd. has reserved the trading symbol AUAU in anticipation of Allegiant listing on the TSX Venture Exchange. Columbus is also pleased to announce that Warren Beil has been appointed vice-president, legal and corporate secretary of Allegiant.

Mr. Beil's appointment further strengthens Allegiant's management team as it readies itself to go public. Mr. Beil is a practising corporate and securities lawyer skilled in advising companies operating in the mining and natural resource sectors. Mr. Beil's expertise includes securities law, regulatory and stock exchange compliance, capital markets transactions, including mergers and acquisitions, public offerings, asset purchases, options and joint ventures, and stock exchange listings. Prior to joining Columbus, Mr. Beil practised in the financial services practice group of Gowling WLG (Canada) LLP, a national law firm, and acted on behalf of institutional lenders and borrowers providing advice regarding banking, corporate lending, project finance, including secured and unsecured transactions. Mr. Beil began his career with the capital markets practice group of Blake, Cassels & Graydon LLP, a pre-eminent national law firm where he advised both public and private companies, as well as investment dealers on a broad range of matters including mergers and acquisitions, corporate finance, restructurings and other transactions, including general corporate matters, securities law compliance, and stock exchange requirements. After leaving private practice, Mr. Beil served as the general counsel to a private venture capital company focused on the mining and natural resource sectors.

Allegiant also plans to obtain a listing on the OTCQX Market in the United States. The OTCQX provides an efficient trading platform for U.S. investors to access international public companies. Allegiant will submit its application to the OTCQX when Allegiant's shares begin trading on the TSX Venture Exchange. Columbus will issue a subsequent news release when it receives notice from TSX Venture Exchange regarding the date that Allegiant will commence trading.

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's 100-per-cent-owned subsidiary Allegiant Gold controls 14 projects, including its flagship project, Eastside.

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