Allegiant Gold Ltd. announce a significant increase in inferred resources at its district-scale flagship, Eastside project near Tonopah, Nevada. The updated resource incorporates an additional 22 holes drilled at the Original Zone. Highlights include: Updated Eastside Inferred Mineral Resource estimate (as of December 30, 2019) of 1,094,000 gold-equivalent (“AuEq”) ounces at 0.60 grams per tonne (“g/t”) within a pit-constrained model using a cut-off grade of 0.15 g/t gold, USD 1,550/ounce gold price and a USD 19.67/ounce silver price; The updated Eastside Resource estimate represents a 52% increase over the previous Eastside resource report, an increase of 373,000 gold-equivalent ounces within the pit at the Original Zone; The resource is open in all directions. The planned work program for 2020 will focus on expansion of the Original Zone to the south, north, west and east; The updated resource at the Original Zone is separate and distinct from the Castle claim block at Eastside, which hosts near surface historical oxide gold totaling 273,173 ounces. The Eastside area drilling database contains 33,028 gold assays and 12,601 silver assays used for the estimation of the resources reported herein. The assigned densities range from 2.2g/cm3 for volcaniclastic sedimentary rocks and steam-heated altered rhyolite, to 2.6g/cm3 for undifferentiated basement Paleozoic rocks. The principal rhyolite host rock was assigned a density value of 2.35g/cm3. Preliminary metallurgical studies conducted by Kappes, Cassiday and Associates, in Reno, Nevada, indicate the mineralization is amenable to recovery by cyanidation. Heap-leach extractions are expected to be around 70% and 20% for gold and silver, respectively, but likely would require crushing. Milling with a fine grind is expected to result in extractions over 90% for gold and approximately 50% silver.