Alio Gold Inc. announced that it has signed and closed a three-year, $15 million loan facility (the “Facility”) with Sprott Private Resource Lending II (Collector), LP (“Sprott”) to fund construction of the new Phase II leach pad at Florida Canyon. Key Terms of the Facility are: Principal Amount of $15 million; Maturity date of October 31, 2022; Interest rate of 8% plus the greater of LIBOR and 2%; and Amortization of the Facility in eight equal quarterly payments commencing January 31, 2021. In conjunction with closing of the Loan Facility, Alio Gold has issued 1,286,228 shares to Sprott. Such shares shall be subject to a hold period under applicable securities legislation of four months and one day from their date of issue.