ALLIED GOLD ANNOUNCES SIZE AND PRICING OF OVERNIGHT MARKETED EQUITY OFFERING

Executive Summary

• Allied Gold Corporation announced the pricing of its overnight marketed underwritten equity offering of 6,400,000 common shares at C$27.35 per share, targeting gross proceeds of approximately C$175 million.
• The offering includes an over‑allotment option for underwriters to purchase up to an additional 15% of the sold shares within 30 days of closing.
• Net proceeds are earmarked for accelerating development at Sadiola (processing capacity upgrades and energy program), expanding plant capacity at Kurmuk, transitioning to owner‑mining at select operations, and general corporate purposes.

Key Details

• Offering Size: 6,400,000 common shares.
• Price per Share: C$27.35.
• Aggregate Gross Proceeds: ~C$175 million.
• Underwriters / Joint Bookrunners: Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., National Bank Financial Inc.; syndicate includes CIBC World Markets and Cormark Securities Inc.
• Over‑Allotment Option: Up to 15% additional shares, exercisable at the same terms for up to 30 days after closing.
• Expected Closing Date: On or about October 24, 2025, subject to regulatory approvals (TSX, NYSE).
• Use of Proceeds:
• Accelerate infrastructure development and processing capacity upgrades at the Sadiola project (including energy program components).
• Modify the Kurmuk plant under development to increase average processing capacity.
• Initiate transition to owner‑mining at one or more operations.
• General corporate purposes, including opportunistic asset‑based transactions; any unused proceeds will revert to general corporate use.
• Offering Documentation: Prospectus Supplement to the short‑form base shelf prospectus dated October 1, 2024; also available via private placement exemptions in the U.S. and other jurisdictions.

Notable Quotes

(No direct quotes were included in the release.)