Mr. Peter Gianulis reports
ALLEGIANT ADOPTS NEW COMPENSATION PLAN
Allegiant Gold Ltd., on Jan. 13, 2022, adopted a new 10-per-cent
rolling omnibus compensation plan governing the issuance of incentive stock options and
restricted share units (RSU). The plan replaces the company's existing option and RSU plans. The adoption of
the plan remains subject to disinterested shareholder approval at the company's upcoming annual general and
special meeting to be held on Feb. 28, 2022, and final approval of the TSX Venture Exchange (TSX-V). The company received conditional approval from the TSX-V on Jan. 17, 2022.
About Allegiant
Gold Ltd.
Allegiant owns 100 per cent 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.
We seek Safe Harbor.
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