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Allegiant Confirms Voting Results of Its Annual General Meeting

Shareholder Meetings

ALLEGIANT CONFIRMS VOTING RESULTS OF ITS ANNUAL GENERAL MEETING

Reno, Nevada / March 12, 2021 - Allegiant Gold Ltd. (“ Allegiant” or the “Company ”) (AUAU: TSX -V)

(AUXXF: OTCQX) is very pleased to announce that incumbent directors Peter Gianulis, Shawn Nichols, and

Norman Pitcher were re-elected as directors of Allegiant . In addition, Mr Gordon Bogden was elected as a

director of the Company.

Mr. Bogden is the Founder and Chairman of Black Loon Group, a privat e mining investment and financial

advisory company. He began his professional career as an engineer and geophysicist moving on to CIBC World

Markets as a mining investment banker, then to N.M. Rothschild Canada, Newcrest Capital Inc., and National

Bank Financial, advising on over $20 billion of M&A and capital markets transactions. Gordon retired from

investment banking in 2012 after the acquisition of Gryphon Partners, where he was a Co -Founder and

Managing Partner, by Standard Chartered Bank. Gordon is a former director of several public mining

companies including: Royal Gold, Inc., IAMGOLD Corporation, International Royalty Corporation (acquired by

Royal Gold, Inc.), Volta Resources Inc. (acquired by B2Gold Corp.), Orvana Minerals Corp., Canplats Resources

Corp. (acquired by Goldcorp Inc. He is the current Chairman of the Board of the Canada Mining Innovation

Council (“CMIC”). In 2013, he was awarded the Queen Elizabeth II Diamond Jubilee Medal for his work with

Right To Play where he continues as a member of the Canadian Advisory Board.

Mr. Bogden holds a B.Sc. in Applied Science (Geology) from Queen's University, is a Professional Engineer

(Ontario), and earned his professional certification as a Corporate Director (ICD.D) from the Institute of

Corporate Directors in Toronto in 2007.

All of the remaining resolutions presented at the 2021 Annual General Meeting of Shareholders held on March

11, 2021 , including the appointment of Davidson and Company LLP as auditor and re -approval of the

Company’s stock option plan, were overwhelmingly passed.

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. Four of Allegiant’s projects a re 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.

ON BEHALF OF THE BOARD

Peter Gianulis

CEO

For more information contact:

Investor Relations

(604) 634-0970 or

1-888-818-1364

[email protected]

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 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, which are referred to collectively a s "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 possible 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 s tatements 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” and similar words or phrases (including negative

variations) suggesting future outcomes or statements regarding an outlook. 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 filed

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 any 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.