Allegiant Gold Ltd. announced the commencement of its diamond core drilling program at Eastside which will consist of 4,000+ metres. In addition, the Company has recently completed the previously announced 6,700 metre reverse-circulation drilling program at Eastside. Commencement of Diamond Core Drill Program Allegiant expects to drill 7-9 diamond core holes in this program with an average depth of 600 metres for a total of 4,000-5,000 metres.

The hole locations and design were jointly selected together with the exploration team at Kinross. The Core holes will be located in the High Grade Zone discovered during 2021 drill program completed within the Original Pit Zone ("OPZ") at Eastside that yielded the following results: Hole 243 included 2.55 g/t Au over 147.8 metres (3.17 g/t Au over 117.3m); Hole 239 included 111.3m of 1.45 g/t Au including 3.1 metres of 39 g/t Au at the bottom of the hole. Hole 244 included 76 metres of mineralization with best intercept being 6.1m of 1.48 g/t Au; Hole 245 included 15.2 metres of 3.4 g/t Au from relatively shallow depths (177m) Completion of RC Program at Eastside In June 2022, Allegiant completed a 32-hole, 6,703 metre drill program designed to test new exploration targets at Eastside focusing on the East Pediment (21 holes) and the West Anomaly (11 holes).

The targets lie to the east and west of the OPZ and were based on geophysical and geochemical anomalies. Drilling was conducted by Boart Longyear using a Foremost MPD 1500, track-mounted rig. Given the current high demand for assays in the Western U.S., the Company is still awaiting the results from this program, but they will be released upon receipt and evaluation.