Allegiant acquires remaining interest in Bolo project

Mr. Peter Gianulis reports ALLEGIANT ACQUIRES 100% OWNERSHIP OF BOLO GOLD PROJECT Allegiant Gold Ltd. has acquired the remaining 49.99-per-cent interest in the Bolo gold project from Copaur Minerals Inc., thereby consolidating a 100-per-cent ownership of the project. Under the terms of the agreement, Allegiant will pay a cash consideration and forgive certain debt obligations owed to Allegiant by Copaur for historical advanced royalty and claim maintenance payments. In addition, the existing environmental reclamation bond for the property will be transferred to Allegiant. Finally, Copaur will deliver a completed National Instrument 43-101 technical report on the property. Peter Gianulis, chief executive officer of Allegiant Gold, commented: "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, in close proximity to several producing mines, and has the benefit of a recently completed NI 43-101 technical report. Consolidating our ownership gives us maximum flexibility in unlocking the value of this highly prospective gold system located in one of Nevada's best-known exploration belts." The property is located approximately 90 kilometres northeast of Tonopah in Nevada, in a region known for hosting Carlin-type gold systems. Historical drilling has returned multiple zones of oxide gold mineralization at surface and at depth, and the property benefits from road access, permitting and numerous targets for further exploration. The acquisition aligns with Allegiant's strategy of prioritizing quality assets in mining-friendly jurisdictions with near-term exploration upside and potential for partnerships or future monetization. About Allegiant Gold Ltd. Allegiant owns three highly prospective gold projects in the United States, all of which are in the mining-friendly jurisdiction of Nevada. Allegiant's flagship, district-scale Eastside project hosts a large and expanding gold/silver resource, and is in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching. We seek Safe Harbor.