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Allegiant Gold: USFWS Grants Eagle Take Permit for Eastside Project

Mr. Peter Gianulis reports:

Tonopah, Nevada / TheNewswire / May 14, 2024 – Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is happy to announce the issuance and receipt of the Eagle Take Permit by the United States Fish and Wildlife Service (USFWS).

Peter Gianulis, CEO of Allegiant Gold, notes: “This marks a significant achievement in the future development of the Eastside District and in particular the McIntosh Zone, which may host a high-value zone initially discovered in 2021 (see Map 1). Obtaining the Eagle Take Permit allows us to move forward with our exploration activities in a way that respects and protects the natural environment. Our commitment to environmental conservation is aligned with our broader vision of sustainable resource development and ensures that our activities make a positive contribution to the local community and ecosystem. We are grateful for the cooperation and support of the USFWS during this process, and we remain committed to maintaining the highest standards of environmental responsibility in all our efforts.”

MAP 1: MAP OF MCINTOSH ZONE AND PERMITTED AREA ON EAST SIDEAllegiantGold5142024

USFWS EAGLE TAKES LICENSE

The Eagle Take Permit, issued by USFWS, is a critical regulatory authorization required for activities that may incidentally result in the disturbance or harm of bald and golden eagles, which are protected under federal law. This permit is essential for companies like Allegiant that operate in areas where eagles are common, as it allows for lawful management and mitigation of potential impacts to these majestic birds and their habitats.

In September 2020, Allegiant began reviewing the permit requirements and fees for the Eagle Take Permit. This phase involved careful consideration and analysis to gain a clear understanding of the permitting process. This rigorous phase culminated in March 2021 when Allegiant formally submitted its Eagle Take Permit application to USFWS. Then, in January 2022, Allegiant engaged the consulting firm Stantec to begin work on the Environmental Assessment (EA) and Eagle Conservation Plan (ECP) as conditions for obtaining the eagle permit.

After nearly three years of dedicated efforts and collaboration, Allegiant has now obtained the permit, which was finalized and issued on April 16, 2024. The effective dates of the permit run from December 15, 2024 to December 14, 2029.

This milestone underscores Allegiant’s continued commitment to conducting its operations responsibly, with a laser focus on protecting wildlife and their habitats. Throughout the permitting process, Allegiant conducted necessary environmental assessments, including compliance with the National Environmental Policy Act (NEPA), and obtained a finding of no significant impact (FONSI).

ABOUT ALLEGIANT

Allegiant owns five promising gold projects in the United States, all of which are in the mining-friendly jurisdiction of Nevada. Allegiant’s flagship district-level Eastside project is home to a large and growing gold resource and is located in an area with excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulfide gold mineralization at Eastside are susceptible to heap leaching.

ON BEHALF OF THE BOARD

Peter Gianulis

Director

For more information contact:

Investor Relations

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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements and information in this press release constitute “forward-looking statements” within the meaning of applicable U.S. securities laws and “forward-looking information” within the meaning of applicable Canadian securities laws, which are collectively referred to as “forward-looking statements”. The U.S. Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold Ltd.’s exploration plans. (“Allegiant”) for its gold exploration properties, the drilling program at Allegiant’s Eastside project, the preparation and publication of an updated resource estimate relating to the Original Zone at the Eastside project, Allegiant’s future exploration and development plans, including expected costs and timing thereof; Allegiant’s plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are statements and information about possible events, circumstances or results of operations that are based on assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek,” “expect,” “anticipate,” “budget,” “plan,” “estimate,” “continue,” “predict,” “intend ‘, ‘believe’, ‘predict’, ‘potential’, ‘goal’, ‘may’, ‘could’, ‘would’, ‘could’, ‘will’ and similar words or phrases (including negative variations) suggest future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking statements are expected. looking for information. You are cautioned not to place undue reliance on the forward-looking statements contained in this press release. Some of the known risks and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk Factors” in Allegiant’s listing filing dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant’s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant assumes no obligation to update or revise any forward-looking statements contained in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.