Columbus Gold Corp. announced that further to its news releases of July 21, 2017 and August 31, 2017, Columbus announced the signing of an arrangement agreement providing for the spin-out of its subsidiary Allegiant Gold Ltd., with the intent of listing ALLEGIANT on the TSX Venture Exchange. In connection with the completion of the Spin-Out, Columbus announced that Andy Wallace has agreed to serve as chief executive officer of ALLEGIANT. Andy Wallace is the principal of Cordex Exploration, considered by many in the mining industry to be one of the most successful gold exploration groups in the United States. Mr. Wallace's experience in the gold mining industry is vast and varied and includes every aspect of mine development. At his Marigold discovery and also at the Pinson and Dee mines in Nevada, Mr. Wallace directed or was involved in, resource expansion, development, feasibility, engineering, permitting, mine construction and production.