Columbus Shareholders Pass Allegiant Gold Spin-out Arrangement Resolution

Columbus Gold Corp.

VANCOUVER, BC--(Marketwired - November 28, 2017) - Columbus Gold Corp. (TSX VENTURE: CGT) (OTCQX: CBGDF) announces further to its news release of November 7, 2017, the results of its Special General Meeting held November 27, 2017. In this regard a special resolution approving the Arrangement with Allegiant Gold Ltd. ("ALLEGIANT") and ordinary resolutions approving the accompanying private placement of subscription receipts of ALLEGIANT and the adoption of the ALLEGIANT stock option plan, all as detailed in Columbus' information circular dated October 27, 2017, as filed on SEDAR, were each passed with votes in favour representing in excess of 95% of the shares represented at the Special General Meeting.