Mr. Peter Gianulis reports

ALLEGIANT ANNOUNCES APPOINTMENT OF JAVIER REYES TO THE BOARD OF DIRECTORS

Allegiant Gold Ltd. has appointed Javier Reyes to the company's board of directors, effective Feb. 20, 2025.

With nearly 30 years of experience, Mr. Reyes has co-founded various firms in finance, mining, oil and gas, and agriculture and foods. His strategic leadership was crucial in the turnaround in 2020 of Luca Mining, a producing company with assets in Mexico. Luca was recently included in the 2025 TSX Venture 50 list of top performing companies. He has also been the country manager for Goldgroup Mining since September, 2021. Prior to joining Goldgroup, he served as president and chief executive officer of Antares Capital Management and Private Equity CP (formerly Credipresto), two respected firms with over 15 years of experience in the natural resource and agro sector, particularly in Latin America. Additionally, he held the position of chairman at Accendo Banco until September, 2021, and was a founding director of Organto Foods Inc. in 2015. An alumnus of Harvard Business School, Mr. Reyes holds dual bachelor's degrees in economics and business administration, as well as a master's degree in finance from Instituto Tecnologico Autonomo de Mexico.

Peter Gianulis, CEO of Allegiant Gold, commented: "Javier is an excellent addition to our board and brings a wealth of experience and knowledge in the mining sector. His success at Luca Mining in recent years is a testament to his perseverance and business relationships in this industry. The entire board of Allegiant is looking forward to Javier's contributions in making Allegiant one of the top-performing gold exploration companies in one of the best jurisdictions in the world."

Mr. Reyes commented: "I have been an investor in Allegiant in the past and have been impressed by management's ability to advance Eastside, their flagship project, in a very difficult market for junior companies. I look forward to helping management to advance the projects."

About Allegiant Gold Ltd.

Allegiant owns five highly prospective gold projects in the United States, all of which are in the mining-friendly jurisdiction of Nevada. Allegiant's flagship, district-scale Eastside project hosts a large and expanding gold resource, and is 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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