Allegiant Gold Ltd. announced a new discovery of mineralized rhyolite at the East Pediment, Eastside Project, Tonopah, Nevada. The new discovery has led the Company to stake an additional 194 mining claims near hole ES- 258 within an area of similar geology. Eastside Project Highlights Discovery of new mineralization with >0.1 g/t Au over 51.5m including 7.5m averaging 1.3g/t Au Staking of additional 194 federal lode mining claims near Hole ES-258 Follow-up reverse circulation ("RC") drilling program to commence in October 2022 Ongoing deep diamond drill core program in the Original Pit Zone ("OPZ") Project wide airborne magnetic survey to be conducted in < 6 weeks.