ALLEGIANT Provides Update on COVID-19 and Operations
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NEWS RELEASE
ALLEGIANT Provides Update on COVID-19 and Operations
Vancouver, BC, Canada, April 3, 2020, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF:
OTCQX) is providing an update on COVID-19 and our operations.
• Nevada implemented statewide shutdown of non-essential businesses on March 20, 2020
• All work on our Nevada properties have been halted until at least April 30, 2020
COVID-19 Response
ALLEGIANT has taken measures over the past several weeks in response to the impact of COVID-19 to
ensure the health and safety of its employees and independent contractors. All such personnel are
working from home or remote locations and the Company has deferred all business travel to our
properties. ALLEGIANT will closely monitor the evolution of the COVID-19 pandemic and continue to
evaluate its business activities and when necessary, adjust accordingly.
“On March 20, 2020, Nevada Governor Sisolak ordered all non-essential businesses closed for a period
of time. We believe these measures are important to protect the health and safety of our employees
and contractors,” commented Peter Gianulis, President & CEO. “Many of our employees and
contractors live far from our projects and would require temporary shelter that simply is not prudent
at this time,” added Mr. Gianulis.
ALLEGIANT will closely monitor the situation and will make adjustments accordingly.
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.
ON BEHALF OF THE BOARD,
Peter Gianulis
President & CEO
For more information contact:
Allegiant Gold Ltd.
1090 Hamilton Street
Vancouver, BC V6B 2R9, Canada
www.allegiantgold.com
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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. 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. 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, maintenance 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 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.