In July 2017, Columbus Gold Corp. (CGT: TSX) announced plans spin-out its subsidiary, Allegiant Gold Ltd., which indirectly held Columbus' United States mineral property portfolio. In December 2017, the spin-out was approved and on Janaury 30, 2018, ALLEGIANT began trading on the TSX Venture Exchange under the trading symbol "AUAU". ALLEGIANT owns 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada. Six of the projects will be drilled over the course of the next 10 to 12 months and offer excellent discovery opportunity. All of the drill targets have been identified and delineated by Andy Wallace, whom is credited with multiple gold mine discoveries in Nevada. ALLEGIANT’s flagship Eastside gold project hosts a large and expanding gold resource, is district scale, and is located in an area of excellent infrastructure. The Original Zone, an area within Eastside, hosts a pit-constrained inferred resource totaling 721,000 gold equivalent ounces (35,780,000 tons grading 0.63g/t gold equivalent). In addition to the Original Zone deposit, Eastside hosts numerous additional exploration targets and historical resources of 272,153 ounces gold (11,177,761 tons grading 0.82g/t gold).

Allegiant Gold Ltd.

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