Reliant Gold Announces Results of Annual and Special Meeting of its Shareholders

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TORONTO, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Reliant Gold Corp. ("Reliant Gold" or the "Corporation") (CANADIAN SECURITIES EXCHANGE: RNG) is pleased to announce the results of its Annual and Special Meeting (the “Meeting”) of its shareholders (the “Shareholders”) held on August 30, 2018.

All items put forth at the Meeting were overwhelmingly approved by the Corporation’s shareholders, including (i) the re-election of Kabir Ahmed, Michael Boyd, and Dezso Farkas to the Board of Directors of the Corporation, (ii) the re-appointment of UHY McGovern Hurley LLP, Chartered Professional Accountants, as the auditors of the Corporation for the ensuing year, (iii) the re-approval of the Corporation’s 10% rolling stock option plan, (iv) the approval of the Corporation’s proposed Change of Business pursuant to Policy 8 of the Canadian Securities Exchange (the “CSE”) and its transition from a junior mineral exploration company to an active real estate acquisition, development, management, and rental income company (the “Change of Business”); and (v) the approval of the Corporation’s proposed name change from Reliant Gold Corp. to FLEXWORK PROPERTIES LTD.

The completion of the above-mentioned proposed Change of Business and the Corporation’s resumption of trading on the CSE are still subject to receipt of regulatory approval from the Canadian Securities Exchange and the Investment Industry Regulatory Organization of Canada and the completion of a concurrent private placement financing described in the Corporation’s earlier Press Release dated May 28, 2018.

This press release is not an offer to sell or a solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The Units being sold pursuant to the offering have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the United States Securities Act of 1933, as amended.

FORWARD-LOOKING STATEMENTS
Certain statements in this press release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Reliant Gold or the industry in which it operates to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this press release, the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current expectations of the management of Reliant Gold with respect to future events based on currently available information and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading "Risk Factors", in Reliant Gold’s prospectus and in other continuous disclosure documents that are filed by Reliant Gold from time to time with the Ontario, Alberta or British Columbia Securities Commissions which are available at www.sedar.com and to which readers of this press release are referred for additional information concerning Reliant Gold, its prospects and the risks and uncertainties relating to Reliant Gold and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Reliant Gold to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Reliant Gold cannot assure investors that actual results will be consistent with these forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this press release is current only as of the date hereof.  Reliant Gold does not undertake or assume any obligation, except as required by law, to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

No securities commission or regulatory authority has approved or disapproved the contents of this press release.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION
Kabir Ahmed
Chairman, President, CEO and Director
Reliant Gold Corp.
Email: info@reliantgold.com
Tel: (416) 820-4107