Mr. Robert Giustra reports

ALLEGIANT COMPLETES NORTH BROWN DRILLING PROGRAM, NEVADA

Allegiant Gold Ltd. has provided an update on the progress of its high-impact discovery drilling campaign. A total of six projects located principally in the world-class gold mining jurisdiction of Nevada are slated for drilling over a 10-to-12-month period to approximately June, 2019. Drilling commenced at the Red Hills project in August, 2018, and drilling at a third project, North Brown, was recently completed. Assay results for Hughes Canyon (the second property drilled) and North Brown are expected soon. Drilling is scheduled to resume at a fourth project early in 2019.

Allegiant Gold completed 2,036 metres of rotary drilling in 11 holes at the North Brown gold project, which is located on the Battle Mountain gold trend in Nevada. Rocks exposed at North Brown are Paleozoic carbonate and clastic rocks, largely of Devonian age, intruded by variably altered Tertiary dikes. Surface samples at North Brown ranged from nil to nine grams per tonne gold. Geochemistry and alteration are characteristic of Carlin-type gold mineralization in Nevada. North Brown is a new prospecting discovery and has not been previously drilled by any companies.

Qualified person

Andy Wallace is a certified professional geologist (CPG) with the American Institute of Professional Geologists and is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Wallace has reviewed and approved the technical content of this press release.

About Allegiant Gold Ltd.

Allegiant Gold owns 100 per cent of 14 highly prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada. Six of the projects are slated for near-term drilling and all offer excellent discovery opportunity. Allegiant Gold's flagship Eastside project is: (i) host to a large and expanding gold resource; (ii) district scale; and (iii) 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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