Allegiant Gold

Primary ticker: TSXV: AUAU, OTCQC: AUXXF
Stage of development: Exploration, Development
Primary minerals: Gold and Silver
Project to promote: Eastside
Project location: United States
Website: www.allegiantgold.com

Allegiant Gold is a mid-stage precious metals explorer and developer operating out of Tonopah, Nevada. The Company is developing its flagship Eastside project 30 kilometres outside the town of Tonopah. In addition, it holds interests in 4 additional projects in Nevada.

Cash: CAD 4M
Debt: NIL

Major shareholders:
Ingalls & Snyder – 11%
Peter Gianulis (Carrelton Asset Management) – 11%
Kinross Gold – 10%
Shawn Nichols – 5%
IAMGOLD – 3.5%
Management Ownership – 18%

Financials

Management Profile

Peter Gianulis – CEO
Over the past 5 years, Peter has been the CEO of Allegiant Gold. He has been on the Board of the Company for 13 years. Prior to joining Allegiant, Peter was the President of Carrelton Asset Management, a private equity and resource fund. Peter has had numerous successful exits over the past years including Hathor Exploration, CGA Mining and Northern Orion as well as numerous private resource companies.

What is your rationale for taking part in 121 Mining Investment?

Allegiant has historically flown “under the radar screen” as our focus has been to advance our project. We have been able to fund ourselves primarily through the farm-out of our other non-core projects and through our relationship/partnership with Kinross Gold.

What recent news would you like to highlight to investors attending?

Recent partnership with Dahrouge Consulting Exploration and our commencement of drilling at Eastside to expand our resource.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Complete drilling around McIntosh Zone (Eastside) for resource expansion opportunities as well as testing the high grade zone within the current resource pit shell to prove up a high grade starter pit area.

6 Months:
Update 43-101 resource to incorporate over 6,000 metres of additional drilling at Eastside District.

12 Months:
Follow-up drill program and possibly initiation of PEA.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The biggest challenge we currently face is the overall malaise in the junior exploration sector. There simply are too many companies with no credible business plan or viable project but continue to compete for outside capital. Our advantage is having a large and well capitalized partner in Kinross Gold and IAM Gold.

What do you think makes your company such a compelling investment?

Eastside is an emerging new discovery in Nevada with the potential of being a 3M+ ounce deposit (currently at 1.4M oz Au and 9M oz Ag). We are one of the few companies with the ability to continue doing work given our strong balance sheet which is a result of decision we made 3-4 years ago. Management has also been patient and disciplined in not doing dilutive (i.e. non-accretive)financings and the company has zero warrants outstanding on its capital structure. Finally, management has been the single biggest buyer of the shares in the open market and the average price paid by management is over C$0.20/share.

What are the top 3 key investor takeaways?

1. Large and growing resource in a strong jurisdiction
2. Well-capitalized, large and supportive shareholders (i.e. Kinross, IAM Gold, Ingalls)
3. Disciplined and committed management team (including BOD)