ALLIED GOLD ANNOUNCES OVERNIGHT MARKETED OFFERING

Executive Summary

• Allied Gold announced an overnight marketed offering of common shares to be issued under its October 1, 2024 base shelf prospectus.
• The offering will be underwritten by Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and National Bank Financial Inc., with a 15% over‑allotment option exercisable for up to 30 days after closing.
• Net proceeds are earmarked for accelerating expansion at Sadiola, upgrading the Kurmuk plant, transitioning to owner‑mining at select operations, and general corporate purposes.

Key Details

• Offering Structure: Short‑form prospectus supplement; size and pricing to be set based on market conditions.
• Underwriters / Bookrunners: Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., National Bank Financial Inc.; syndicate of additional underwriters.
• Over‑Allotment Option: Up to an additional 15% of the shares sold, exercisable within 30 days of closing on the same terms as the original offering.
• Use of Proceeds:
  1. Fund optimization and growth initiatives at Sadiola (processing capacity upgrades, energy program components).
  2. Modify the Kurmuk plant to increase average processing capacity.
  3. Initiate transition to owner‑mining at one or more operations.
  4. General corporate purposes and opportunistic cash‑flow‑generating investments; any unused proceeds revert to general corporate use.
• Regulatory & Closing Timeline: Prospectus supplement to be filed on SEDAR+; offering may also be made in the U.S. via a private placement exemption. Expected closing around October 24, 2025, subject to regulatory approvals (TSX, NYSE) and completion of documentation.
• Offering Availability: Primarily Canada; possible private‑placement offerings in the United States and other jurisdictions under applicable exemptions.

Notable Quotes

(No executive quotes were included in the release.)