ALLEGIANT ACQUIRES 100% OWNERSHIP OF BOLO GOLD PROJECT Transaction Consolidates Ownership of Highly Prospective Asset in Nevada
ALLEGIANT ACQUIRES 100% OWNERSHIP OF BOLO GOLD PROJECT
Transaction Consolidates Ownership of Highly Prospective Asset in Nevada
Tonopah, Nevada / August 18, 2025 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V)
(AUXXF: OTCQX) is pleased to announce that it has acquired the remaining 49.99% interest in the Bolo
Gold Project (the “Property”) from CopAur Minerals Inc. (“ CopAur”), thereby consolidating 100%
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 NI 43-101 technical report on the Property.
Peter Gianulis, CEO of Allegiant Gold, commented: “We are pleased to have reached this agreement with
CopAur to acquire 100% 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 km northeast of Tonopah, Nevada, in a region known for
hosting Carlin-type gold systems. Historic 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
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.
ON BEHALF OF THE BOARD
Peter Gianulis
CEO
For more information contact:
Investor Relations
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the adequacy or accuracy of this release.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities
laws and “forward-looking information” within the meaning of applicable Canadian securities laws, wh ich are referred to collectively as "forward-looking
statements". The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold
Ltd.’s (“Allegiant”) exploration plans for its gold exploration properties, the drill program at Allegiant’s Eastside project, the preparation and publication of an
updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant’s future exploration and development plans, including anticipated
costs and timing thereof; Allegiant’s plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance
and capital expenditures, and working capital requirements. Forward-looking statements are statements and information regarding possible events,
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