Corporate Update

Allante Resources Ltd.

Suite 303, 595 Howe Street Vancouver, B.C. V6C 2T5

Phone : (604) 336-8616 Fax : (604) 718-2808

N E W S R E L E A S E

Corporate Update

Vancouver, B.C., December 23, 2013 – Allante Resources Ltd. (TSX-V: ALL.H) (formerly Precision Enterprises Inc.) (the "Company") announces that it has made application to the TSX Venture Exchange (the "Exchange"), pursuant to Policy 2.4 of the Exchange Manual, to make a secured loan of up to $50,000 (the "Loan") to Allante Resources Inc., the target in the Company's previously announced proposed qualifying transaction (the "QT").

The Loan is being made in order for Allante to make certain concession payments required to maintain title to its mineral exploration property in Gabon.

The terms of the QT are described in the Company's news release dated November 19, 2013.

ON BEHALF OF THE BOARD

SIGNED: “Joe DeVries”

Joe DeVries, President and CEO

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.