Allied GOLD ’S Chairman and CEO Peter Marrone Joins Forces with Founding Shareholders IN Major Share Acquisition, Signaling Confidence IN Ongoing Value Creation and Material Upside
NEWS RELEASE
ALLIED GOLD ’S CHAIRMAN AND CEO PETER MARRONE JOINS FORCES WITH
FOUNDING SHAREHOLDERS IN MAJOR SHARE ACQUISITION, SIGNALING CONFIDENCE
IN ONGOING VALUE CREATION AND MATERIAL UPSIDE
TORONTO, ON – December 4, 2023 ─ Allied Gold Corporation (TSX: AAUC) (“Allied” or the “Company”)
announces that its Chairman and CEO, Peter Marrone, together with Justin Dibb, Vice-Chairman and
founder of Allied Gold, along with other key members of management, former executives, and significant
founding shareholders have recently executed a substantial purchase of shares, underscoring their
unwavering support for the current share price and highlighting their shared belief in the considerable
upside potential. On a combined basis, directors and offic ers of the Company now hold more than 22% of
all the issued and outstanding shares of Allied.
This strategic move reinforces the leadership's commitment to driving sustained value, which is not reflected
in the current market price of the Company, and is part of a broader plan to strengthen and refine the share
register as the Company delivers on its robust growth pipeline and operational excellence initiatives.
About Allied Gold Corporation
Allied Gold is a Canadian -based gold producer with a significant growth profile and mineral endowment
which operates a portfolio of three producing assets and development projects located in Côte d'Ivoire, Mali
and Ethiopia. Led by a team of mining executives with operational and development experience and proven
success in creating value, Allied Gold aspires to become a mid-tier next generation gold producer in Africa
and ultimately a leading senior global gold producer.
For further information, please contact:
Allied Gold Corporation
Royal Bank Plaza, North Tower
200 Bay Street, Suite 2200
Toronto, Ontario M5J 2J3 Canada
Email: [email protected]
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain “forward-looking information” within the meaning of applicable Canadian
securities legislation. Such forward-looking information is not representative of historical facts or information
or current condition, but instead r epresents only Allied Gold’s beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently uncertain and outside of Allied Gold’s control.
Generally, such forward -looking information can be identified by the use of fo rward-looking terminology
such as “plans”, “expects”, “is expected”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”,
“believes”, or the negative or variations of such words and phrases or may contain statements that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or
“will be achieved”.
By identifying such information and statements in this manner, Allied Gold is alerting the reader that such
information and statements are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance or achievements of Allied Gold to be materially
different from those expressed or implied by such information and statements. In addition, in connection
with the forward -looking information contained in this news release, Allied Gold has made certain
assumptions. Among the key factors that could cause actual results to differ materially from those projected
in the forward-looking information are the following: the inability of Allied Gold to achieve any one or more
of its key catalysts on the timeline expected, or at all and any changes in the development of the business
of Allied Gold, as well as those risk factors more generally set out in Allied Gold’s annual information form
available under Allied Gold’s profile on SEDAR+ at www.sedarplus.ca. Should one or more of these risks,
uncertainties or other factors materialize, or should assumptions underlying the forward-looking information
prove incorrect, actual results may vary materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.
Although Allied Gold believes that the assumptions and factors used in preparing, and the expectations
contained in, the forward-looking information are reasonable, undue reliance should not be placed on such
information, and no assurance or guarantee can be given that such forward -looking information will prove
to be accurate. The forward -looking information contained in this news release is provided as of the date
of this news release, and Allied Gold does not undertake to update any forward-looking information that is
contained or referenced herein, except in accordance with applicable Canadian securities laws.