Reliant Gold Provides Corporate Update and Progress Report on Its East Bay Property, Located in the McVicar Lake Area of Northwestern Ontario - Seite 2

(i)	changes to the Board and management team were made;
(ii)	a new Chief Financial Officer was appointed;
(iii)	in May 2016, Mr. Ahmed and a director of Reliant Gold invested their own personal funds of a combined amount of $30,000 into Reliant Gold in order to re-capitalize the Corporation;
(iv)	in June 2016, Mr. Ahmed successfully completed the sale of the Corporation's remaining 49% interest in the Borden Lake South Property mineral claims to Goldcorp Inc. By doing so, Reliant Gold was able to generate much-needed capital to fund the ongoing regulatory expenditures related to maintaining the Corporation's stock exchange listing and keeping the Corporation's current interest in the East Bay Property mineral claims in "good standing"; and
(v)	Mr. Rick Risto, M.Sc., P.Geo., Senior Associate Geologist of Watts, Griffis and McOuat Limited, was appointed as the Corporation's independent geological consultant and Qualified Person, as defined under National Instrument 43-101 - "Standards of Disclosure for Mineral Projects" (As Consolidated on May 9, 2016). Mr. Risto will assist Reliant Gold in evaluating its East Bay Property and identifying potential new acquisitions that are prospective for gold mineralization.

II. PROGRESS REPORT ON RELIANT GOLD'S EAST BAY PROPERTY

A. Description of the East Bay Property

Reliant Gold's East Bay Property, comprised of 56 mineral claim units totalling 896 hectares, is located in the McVicar Lake area, approximately 90 kilometres west of Pickle Lake, Ontario, and 130 kilometres southwest of Goldcorp Inc.'s Musselwhite Gold Mine. The East Bay Property may be accessed by road from Thunder Bay, Ontario to Pickle Lake, Ontario, where a float plane can then be taken from Pickle Lake to the East Bay Property. Please refer to the Corporation's press release dated March 16, 2015 for additional information on the East Bay Property (the "March 2015 PR").