Allegiant Gold Ltd. announced the commencement of a Plan-of-Operations at the Castle Area within their Eastside Project near Tonopah, Nevada expanding the potential permitted area to approximately 1,648 acres. The Castle Area is comprised of 130 claims encompassing an area of approximately 2,600 acres, and includes four deposits: Berg, Blackrock, Boss and Castle. The Castle Area denotes the southernmost part of Allegiant's Eastside Project and is contiguous to the other claims at Eastside.

In late 2020 and early 2021, Allegiant drilled 49 reverse circulation ("RC") holes at the Castle Area for a total of 5,850 metres with the following highlights: 47 holes encountered mineralization within 45m from surface; Significant intercepts included: 5m of 1.85 g/t Au from Hole ES-196, 14m of 1.08 g/t Au from Hole ES-202, 4.5m of 2.32 g/t Au from Hole ES-211, 3.6m of 2.00 g/t Au from Hole ES-216, 1.5m of 3.86 g/t Au from Hole ES-222. The Castle Area hosts an inferred resource of 314,000 gold ounces at 0.48 g/t within a pit-constrained model using a cut-off grade of 0.15 g/t gold, USD 1,750/ounce gold price and a USD 21.88 silver price. The updated resource estimate was conducted by Mine Development Associates ("MDA") of Reno, Nevada with an effective date of July 30, 2021.

Contained pit-constrained Inferred Resources (cut-off grade of 0.15 g/t) of 1,090,00 Au ounces at 61,730,000 tonnes at 0.55 g/t Au and 8,700,000 Ag ounces at 4.4 g/t Ag at the Original Pit Zone and 314,000 Au ounces at 19,986,000 tonnes at 0.49 g/t Au at the Castle Area.