An anonymous director reports

ALLIED GOLD CLOSES C$175 MILLION OVERNIGHT MARKETED EQUITY OFFERING

Allied Gold Corp. has closed its previously announced overnight marketed public offering of common shares. Pursuant to the offering, the company issued 6.4 million common shares in the capital of the company at a price of $27.35 per share for aggregate gross proceeds of $175.04-million. The offering was completed through Stifel Nicolaus Canada Inc., Canaccord Genuity Corp. and National Bank Financial Inc., as joint bookrunners, together with a syndicate of underwriters made up of CIBC World Markets Inc. and Cormark Securities Inc.

The company intends to use the net proceeds of the offering to: (i) finance its optimization and growth initiatives particularly to accelerate development of infrastructure for the next phase of expansion at Sadiola, which includes improvements in processing capacity and acceleration of the implementation of certain components of the recently announced energy program; (ii) modify the plant under development at Kurmuk to increase average processing capacity for higher levels of production; (iii) begin the transition to owner mining at one or more operations; and (iv) general corporate purposes to take advantage of corporate and asset-based opportunities that may arise from time to time.

The shares were offered in all provinces of Canada pursuant to a short-form prospectus supplement dated Oct. 20, 2025, pursuant to the company's base shelf prospectus dated Oct. 1, 2024, and in the United States on a private-placement basis by way of a confidential offering memorandum pursuant to certain exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended, and applicable state securities laws and on a private placement basis in certain other jurisdictions outside of Canada and the United States pursuant to applicable prospectus exemptions. The company has granted the underwriters an overallotment option exercisable, in whole or in part, at the sole discretion of the underwriters, the details of which are set forth in the prospectus supplement, and any shares issued on exercise of the overallotment would be qualified by the prospectus supplement and form part of the offering.

The shares issued pursuant to the offering have been listed on each of the Toronto Stock Exchange and the New York Stock Exchange.

Copies of the prospectus supplement and the accompanying base shelf prospectus dated Oct. 1, 2024, are available on SEDAR+. Alternatively, the prospectus supplement and the accompanying base shelf prospectus may be obtained free of charge upon request by contacting the chief legal officer and corporate secretary of Allied Gold at Royal Bank Plaza, North Tower, 200 Bay St., Suite 2200, Toronto, Ont., M5J 2J3, by telephone at 416-363-4435 or by e-mail at ir@alliedgold.com.

About Allied Gold Corp.

Allied is a Canadian-based gold producer with a significant growth profile and mineral endowment, operating a portfolio of three producing assets and development projects located in Ivory Coast, Mali and Ethiopia. Led by a team of mining executives with operational and development experience and a proven record of creating value, Allied is progressing through exploration, construction and operational enhancements to become a mid-tier, next-generation gold producer in Africa and, ultimately, a leading senior global gold producer.

We seek Safe Harbor.