Mr. Peter Gianulis reports

ALLEGIANT PROVIDES UPDATE ON COVID-19 AND OPERATIONS

Allegiant Gold Ltd. has provided an update on COVID-19 and the company's operations:

• Nevada implemented statewide shutdown of non-essential businesses on March 20, 2020;
• All work on the company's Nevada properties has 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 its 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 and chief executive officer. "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 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.

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