Allegiant acquires remaining interest in Bolo project

Executive Summary

• Allegiant Gold Ltd. acquired the remaining 49.99% interest in the Bolo gold project from Copaur Minerals Inc., achieving 100% ownership.
• Consideration consists of cash payment plus forgiveness of debt owed by Copaur for historic royalty and claim‑maintenance obligations; the environmental reclamation bond is transferred to Allegiant.
• Copaur will deliver a completed NI 43‑101 technical report, providing updated resource information for the project.

Key Details

• Acquisition Target: Remaining 49.99% interest in the Bolo gold project (Nevada).
• Seller: Copaur Minerals Inc.
• Purchase Consideration: Cash payment (amount not disclosed) and forgiveness of certain debt obligations owed by Copaur to Allegiant for historical advanced royalty and claim‑maintenance payments.
• Environmental Bond Transfer: Existing reclamation bond for the Bolo property will be transferred to Allegiant upon closing.
• Technical Deliverable: Copaur to provide a completed NI 43‑101 technical report on the Bolo project.
• Strategic Rationale: Consolidates ownership, giving Allegiant full flexibility to explore, partner, or monetize the asset; aligns with strategy of focusing on high‑quality assets in mining‑friendly jurisdictions with near‑term upside.
• Project Highlights: Located ~90 km NE of Tonopah, Nevada; historic drilling shows multiple oxide gold zones at surface and depth; benefits from road access, permitting, and numerous exploration targets within a Carlin‑type belt.

Notable Quotes

“We are pleased to have reached this agreement with Copaur to acquire 100 per cent of the Bolo project. Bolo is an excellent exploration asset with a historical resource… Consolidating our ownership gives us maximum flexibility in unlocking the value of this highly prospective gold system…” – Peter Gianulis, CEO, Allegiant Gold Ltd.