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Allegiant GOLD Announces Participation IN 2022 World Outlook Financial Conference ON Friday, February 4

Marketing Announcement

ALLEGIANT GOLD ANNOUNCES PARTICIPATION IN 2022 WORLD

OUTLOOK FINANCIAL CONFERENCE ON FRIDAY, FEBRUARY 4

Reno, Nevada /January 31, 2022 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF:

OTCQX) is pleased to announce that Peter Gianulis, Chief Executive Officer and Director, will be presenting at the

World Outlook Financial Conference on Friday, February 4th at 5 p.m. PT (8 p.m. ET).

The 2022 World Outlook Financial Conference has a 31-year track record of providing global retail investors with

access to new investment opportunities and some of the world’s top independent market analysts and experts.

Taking place in a virtual format, the conference runs February 4th through February 5th and includes presentations

from an array of small cap companies, combined with keynote presentations and group forums comprised of

industry analysts and sector experts. Please visit the following link for additional information:

https://mikesmoneytalks.ca/world-outlook-conference-2022/

ABOUT ALLEGIANT

Allegiant owns 100% of 10 highly-prospective gold projects in the United States, seven of which are located in the

mining-friendly jurisdiction of Nevada. Four 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.

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 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, 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” 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 materia lly 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.