Mr. Peter Gianulis reports

ALLEGIANT COMPLETES SALE OF FOUR METALS PROJECT

Allegiant Gold Ltd. has completed the sale of its Four Metals project located in Arizona to Barksdale Resources Corp. after receiving the final option payment of cash and common shares.

Peter Gianulis, CEO of Allegiant Gold , commented: "It has been a pleasure working with Barksdale over the past four years on the Four Metals Project. I am confident that Barksdale will be able to unlock the value of the property. It also validates our business model that allows us to focus on our core projects while reducing dilution through optioning-out our non-core projects."

The Company also wishes to announce the grant of 300,000 incentive stock options ("Stock Options") exercisable into the equivalent amount of common shares of the Company at a price of $0.22 per share for a period of three years. The grants were made to an officer and several consultants of the Company and are subject certain vesting requirements. The Company's Board of Directors has also approved the grant of 200,000 restricted share units ("RSUs") to an officer of the Company which vests over 36 months. Each vested RSU entitles the holder to receive one common share of the Company.

ABOUT ALLEGIANT

Allegiant owns six highly-prospective gold projects in the United States, five of which are located in the mining-friendly jurisdiction of Nevada. Two of Allegiant's projects are currently 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.

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