Core Gold Inc. (fka CGLDF)

[NYBob]

Keith Piggott Responds to Core Gold -
QUITO, Ecuador , March 21, 2019 (GLOBE NEWSWIRE) --

Keith Piggott, Director of Core Gold Inc. (TSXV: CGLD, OTCQX: CGLDF)
(“Core Gold”) today responded to alleged misleading and incomplete
disclosure by Core Gold.

Core Gold directors allegedly improperly terminated Mr. Piggott as
CEO of Core Gold in alleged retaliation for his opposition
to the proposed merger with Titan Gold.
The Core Gold board failed to disclose a less dilutive competing
proposal approved by the board while concurrently increasing
the Titan break fee to $3 million and eliminating
the Titan 60 day go shop provision.
At the board meeting held March 9, 2019 directors and advisors of
Core Gold allegedly explicitly threatened to terminate
Mr. Piggott allegedly for cause unless Mr. Piggott voted for
the Titan amendments and agreed to vote all his shares in favour of
the Titan merger.
Mr. Piggott refused.

“I brought to the board a less dilutive, shareholder friendly
proposal sourced and agreed as a result of the go shop opportunity,
a provision included as a condition of my earlier
approval” Mr. Piggott said.
“As soon as the reality of a less dilutive proposal actually
materialized the board sabotaged the alternative and sacked me
for trumped up reasons” asserted Mr. Piggott.

Mr. Piggott has advised Core Gold board he will not be voting
in favour of the Titan merger proposal at
the Core Gold shareholder meeting and
he may exercise his rights as a dissenting shareholder.

About Keith Piggott.

Keith Piggott is a seasoned mining developer and operator
with over 50 years of experience in Africa, Australia, Mexico and
South America.
Mr. Piggott as CEO, rescued Dynasty Metals and Mining
from certain bankruptcy and the loss of all its assets in 2016.
He has worked diligently for over two years to take the company,
as Core Gold Inc., from a $5 million market capitalization
to over $40 million market capitalization before
the Titan proposal.
He can be contacted at [e-mail],
phone: [phone].

https://web.tmxmoney.com/article.php?newsid=8598279260133790&qm_symbol=CGLDF:US

God Bless