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Allegiant Gold

 TSXV:AUAU

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Latest News Release -
V.AUAU | 6 days ago

(TheNewswire)

Allegiant Gold Ltd.

Tonopah, Nevada / TheNewswire / August 25, 2025 - Allegiant Gold Ltd. (“Allegiant& or the “Company&) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce that Norm Pitcher, an experienced mining executive and current director of the Company, has been appointed Chairman of the Board of Directors, effective immediately.

Mr. Pitcher served on Allegiant&s Board from 2017-2021 and from 2024-Present and brings over 40 years of global experience in mineral exploration, project development, and executive leadership, including in Nevada and across the Americas. He previously served as President of Eldorado Gold Corporation where he was instrumental in advancing several gold projects from exploration to production and led teams through strategic acquisitions and mine development.

NORM PITCHER – PROFILE HIGHLIGHTS:

  • Former President of Eldorado Gold, a multi-billion-dollar international gold producer

  • Proven track record in resource development, MA, and operational oversight

  • Extensive technical background with a degree in Geology from the University of Arizona

  • Experience spanning early-stage exploration to full-scale production

Peter Gianulis, CEO of Allegiant Gold, commented: “We are thrilled to welcome Norm as Chairman of the Board. He has been an integral part of Allegiant since joining our Board and brings a deep understanding of our flagship Eastside Project and the broader Nevada portfolio. Over the past seven years, I have had the pleasure of working closely with Norm and his technical leadership and capital markets experience will be invaluable as we move Eastside toward the next stage of growth.&

As Chairman, Mr. Pitcher will provide strategic leadership and oversight of the Company&s technical initiatives, particularly as Allegiant embarks on a significant drilling and development program at its Eastside Gold-Silver Project, located in the prolific Walker Lane Trend in Nevada.

The Company has granted 200,000 stock options to Mr. Pitcher which are exercisable at $0.85, vest over a one year period and expire five years from the date of grant. Additionally, he has been granted 150,000 restricted stock units which vest over a two year period and expire on Dec. 31, 2028.

ABOUT ALLEGIANT

Allegiant owns three highly prospective gold projects in the United States all of which are in the mining-friendly jurisdiction of Nevada. Allegiant&s flagship, district-scale Eastside project hosts a large and expanding gold resource and is in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

ON BEHALF OF THE BOARD

Peter Gianulis

CEO

For more information contact:

Investor Relations

ir@allegiantgold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and “forward-looking information& within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements". The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor& for certain forward-looking statements.Allegiant Gold Ltd.&s (“Allegiant&) exploration plans for its gold exploration properties, the drill program at Allegiant&s Eastside project, the preparation and publication of an updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant&s future exploration and development plans, including anticipated costs and timing thereof; Allegiant&s plans for growth through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, and working capital requirements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as “seek&, “expect&, “anticipate&, “budget&, “plan&, “estimate&, “continue&, “forecast&, “intend&, “believe&, “predict&, “potential&, “target&, “may&, “could&, “would&, “might&, “will& and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled “Risk Factors& in Allegiant&s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant&s profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Allegiant undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.

Copyright (c) 2025 TheNewswire - All rights reserved.

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