ALLEGIANT Confirms Voting Results of its Annual General Meeting
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NEWS RELEASE
ALLEGIANT Confirms Voting Results of its Annual General Meeting
Vancouver, BC, Canada, May 20, 2020, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX -V) (AUXXF:
OTCQX) is pleased to announce that Peter Gianulis , Shawn Nichols and Norman Pitcher were elected
as directors of ALLEGIANT as well as all resolutions being passed at the 2020 Annual General Meeting
of Shareholders held on May 19, 2020 (the "Meeting").
Detailed voting results for the Meeting are as follows:
Motion Votes
For
%
For
Votes
Against
%
Against
Votes
Withheld
%
Withheld
Number of Directors 24,083,359 91.13 2,344,840 8.87 0 0.00
Election of Director Nominees:
Peter Gianulis 24,065,283 91.06 0 0.00 2,362,916 8.94
Shawn Nichols 26,057,489 98.60 0 0.00 370,710 1.40
Norman Pitcher 24,065,449 91.06 0 0.00 2,362,750 8.94
Appointment of Auditors 26,102,559 98.77 0 0.00 325,640 1.23
Approval of Option Plan 25,932,070 98.12 496,129 1.88 0 0.00
Approval of RSU Plan * 17,981,324 97.25 509,417 2.75 0 0.00
Approval of RSU Grants * 17,975,932 97.22 514,809 2.78 0 0.00
Other business * 17,960,626 97.13 530,115 2.87 0 0.00
* Voted shares do not include shares held by interested shareholders.
ABOUT ALLEGIANT
ALLEGIANT owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are
located in the mining-friendly jurisdiction of Nevada. Three of ALLEGIANT’s projects are farmed-out,
providing for cost reductions and cash-flow. ALLEGIANT's flagship, district-scale Eastside project hosts
a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary
metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable
to heap leaching.
Allegiant Gold Ltd.
1090 Hamilton Street
Vancouver, BC, V6B 2R9, Canada
www.allegiantgold.com
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ON BEHALF OF THE BOARD,
Peter Gianulis
CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1-888-818-1364
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statement s 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, which 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. Forward-looking statements
are statements and information regarding possibl e events, conditions or results of operations that are based upon
assumptions about future economic conditions and courses of action. All statements and information other than statements
of historical fact may be forward -looking statements. In some cases, forward-looking statements can be identified by the
use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe",
"predict", "potential", "target", "may", "could", "would", "might", "will" a nd similar words or phrases (including negative
variations) suggesting future outcomes or statements regarding an outlook. Forward -looking statements in this and other
press releases include, but are not limited to statements and information regarding: the evaluation of options to form a new
exploration team or related M&A; Allegiant's property holding costs savings or income generated from optioning out certain
properties; Allegiant's drilling and exploration plans for its properties, including farming out , anticipated costs, updating
resource estimates and timing thereof and resulting increase of resources, if any; Allegiant's plans for growth through
exploration activities, acquisitions or otherwise; and expectations regarding future cost savings, mainten ance and capital
expenditures, and working capital requirements. Such forward -looking statements are based on a number of material
factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual
results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking
information. You are cautioned not to place undue reliance on forward -looking statements contained in this press release.
Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the
forward-looking statements are described in the sections entitled "Risk Factors" in Allegiant's Listing Application, dated
January 24, 2018, as file d with the TSX Venture Exchange and available on SEDAR under Allegiant's profile at
www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant
undertakes no obligation to update or revise an y forward-looking statements included in this press release if these beliefs,
estimates and opinions or other circumstances should change, except as otherwise required by applicable law.