Allegiant Gold Ltd. announced that the pandemic has negatively affected many businesses and industries throughout the world, it is exceptionally proud of the progress made at Allegiant. 2020 was a very busy year for the Company and included the following achievements: Updated the Resource Estimate at Eastside in January 2020 leading to an increase of inferred resources of over 300,000 Au ounces; Initiated studies and application for expanded permit area at Eastside to increase permit area from 600 acres to over 3,600 acres; Completed CAD 3 million private placement to be used for drill program at Eastside; Generated over CAD 1.7 million in cash from the sale of marketable securities as a result of the farm- out business model; Received amended drill permit at Boss for a drill program; Drilled approximately 40 holes (6,000 metres at the South Area (Castle/Boss Zone) at Eastside; Farmed-out two additional projects (Clanton Hills & Mogollon) generating cash flow and work programs; Settled CAD 1.6 million in legacy debt with Orea Mining Corp. in exchange for shares of Allegiant issued at a 67% premium to the current market price. The company expects that 2021 will be an even busier year for the Company than 2020. Over the coming month, it expects to provide additional information to investors with respect to the plans and work programs. The main objectives have set forth include: Castle Zone Drilling ­ From September to December 2020, Allegiant drilled over 40 drill holes at the Boss Zone within the Castle Area. The initial goals set-forth prior to drilling were to: a.) confirm the presence of a mineralized area within the Boss Zone, b.) increase resource ounces at the Castle Area and c.) prove-out the theory of a low strip-ratio area within the Castle Area. It is working on interpreting the results and assays and will be providing an update in the coming weeks; Update Resource Estimate ­ Expects to incorporate the recent drill results coupled with historical drill results to include the Castle Zone (Boss, Berg, Black Rock and Castle) into a 43-101 Updated Resource Estimate for Eastside, incorporating the resource into the entire Eastside Resource Estimate. Original Pit Zone Drilling ­- expects to continue drilling approximately 5,000 metres at the Original Pit Zone with the objective of increasing the total resource at the Original Pit Zone and reducing the strip ratio within that area; Initiate Scoping Study/PEA ­ Upon completion of the drilling at the Original Pit Zone, expects to initiate a scoping study/PEA giving an initial insight into the mining economics at Eastside; Allegiant Farmed-Out Project Drilling ­ 2021 will also see a significant amount of drilling at Allegiant owned projects including Bolo and Mogollon which is expected to total over 10,000 metres between the two projects; Farming Out Additional Projects ­ One of the major management tenements of Allegiant is to farm-out projects to generate cash/share payments while constantly advancing the projects within the portfolio. This strategy has led to significant cash inflows thereby allowing to minimize dilution and utilizing any raised capital to be used to advance Eastside. The company continue to receive tremendous interest on the projects and will seek to farm-out additional projects during the course of 2021.