Drilling Scheduled to Commence At Bolo Gold Project in Nevada

VANCOUVER - Allegiant Gold Ltd. reported that a 3,000 meters RC drilling campaign is scheduled to commence in July at ALLEGIANT’S 100% owned, Carlin-style, Bolo gold project in Nevada. The program is being carried-out by New Placer Dome Gold Corp.which can earn an initial 50.01% interest in Bolo by making share payments to ALLEGIANT totaling US$1 million and completing US$4 million in exploration expenditures.

“The 2019 drilling results demonstrated that good grade, shallow Carlin-style mineralization, can still be found in Nevada,” said Peter Gianulis, CEO. We are very pleased that the next phase of drilling at Bolo is proceeding. The program will follow-up on the results of 2019 drilling by NGLD at the South Mine Fault Zone, and will also test the continuity of mineralization between the South Mine Fault Zone and the Uncle Sam Zone. Grab sampling of outcrop by NGLD at Uncle Sam in 2019 yielded up to 3.63 g/t gold, and 262 g/t silver in an area with no prior sampling.”