Allegiant Gold

History: In December 2017, Allegiant Gold Ltd., a former subsidiary of Columbus Gold Corp. (CGT: TSX), was spun-out to form an independent company focused exclusively on precious metals exploration in the western United States. ALLEGIANT has owned many of the properties in the portfolio for over 10 years as part of Columbus Gold Corp. It began trading on the TSX Venture Exchange under the trading symbol “AUAU” and in the U.S. under the trading symbol “AUXXF”. Summary: ALLEGIANT holds a 100% interest in 10 projects in the southwestern United States with 7 being located in the mining-friendly jurisdiction of Nevada. The majority of the projects were discovered and developed by Andy Wallace, former Head of Cordex, considered by many in the mining industry to be one of the most successful gold exploration groups in the United States. Cordex was founded by the legendary John Livermore, who discovered the Carlin Mine in Nevada and a new type of gold mineralization that is now referred to as "Carlin-Type". Cordex is credited with an unprecedented nine gold discoveries in Nevada. ALLEGIANT has been one of the most active explorers in the gold sector. The flagship project known as Eastside hosts a large and open resource of 1.4 million inferred gold ounces and 8.8 million silver1 with excellent potential for substantially increasing the total resource at Eastside. The infrastructure at Eastside is considered excellent with water, electricity and a main state highway running near or through the property. Preliminary metallurgical testing indicates that both oxide and sulphide mineralization at the Original Zone is amenable to heap leaching. Allegiant owns 100% of the district-scale Eastside Gold-Silver project located 35km from the town of Tonopah in mining friendly Nevada, one of the world’s top mining jurisdictions. The project has outstanding infrastructure for mining with a high-voltage power line passing through the northern boundary of the property and highway US 95 through the southern boundary. Preliminary metallurgical testing indicates that gold at Eastside is amenable to cyanide leaching for both oxide and sulfide mineralization. To date, seven (7) large geochemical anomalies have been identified on the property. In addition, ALLEGIANT has identified 314,000 inferred gold ounces at the Castle Area in the south of Allegiant with potential for increased resource expansion. ALLEGIANT plans to drill over 20,000 meters in the second half of 2021 and first half of 2021 to test the recently discovered high-grade zone within the western edge of the Original Pit Zone and to test additional targets to the west, east and south of the Original Pit Zone.