An anonymous director reports

ALLIED GOLD ADVANCES RECEIPT OF REGULATORY APPROVALS AND CLEARANCES IN CONNECTION WITH THE PROPOSED ARRANGEMENT WITH ZIJIN GOLD INTERNATIONAL AND EXTENDS THE OUTSIDE DATE TO JULY 29, 2026

Zijin Gold International Company Ltd. has received the approval under the Investment Canada Act in connection with Zijin Gold's proposed acquisition of all of the issued and outstanding common shares of Allied Gold Corp. pursuant to the previously announced arrangement agreement between the company and Zijin Gold. The receipt of the approval under the ICA completes the approval process in Canada for the transaction.

The transaction has also received merger clearance from the Regional Competition Authority of the Economic Community of West African States (ECOWAS) and the Competition and Consumer Commission of the Common Market for Eastern and Southern Africa (COMESA).

Certain regulatory approvals in host countries in Africa have been sought by the parties, and have either been obtained or are in advanced stages.

These regulatory approvals and clearances represent important milestones as the parties continue to advance the transaction to completion.

To facilitate completion of the transaction, the parties have also agreed to certain amendments to the credit facility (as defined in the arrangement agreement), the implementation of which is in progress.

Completion of the transaction remains subject to receipt of outstanding regulatory approvals and the satisfaction or waiver of the remaining conditions to closing set out in the arrangement agreement.

As the company and Zijin Gold continue to work diligently toward obtaining the outstanding regulatory approvals and fulfilling the remaining conditions to closing under the arrangement agreement, the outside date (as defined in the arrangement agreement) has been extended to July 29, 2026, in accordance with the arrangement agreement. Any further extension of the outside date will require the parties' mutual agreement. The parties continue to advance the transaction toward completion in a timely manner.

About Allied Gold Corp.

Allied Gold 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 Gold 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.

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