Allied GOLD Announces Closing of Strategic Investment BY Zijin GOLD
NEWS RELEASE
ALLIED GOLD ANNOUNCES CLOSING OF STRATEGIC INVESTMENT BY ZIJIN GOLD
TORONTO, ON – August 10, 2026 ─ Allied Gold Corporation (TSX: AAUC, NYSE: AAUC) (“Allied” or the
“Company”) is pleased to announce the closing of its previously announced strategic investment by Zijin
Gold Internation al Company Limited (“Zijin Gold”) by way of a non-brokered private placement of
12,800,000 common shares of the Company ("Shares") at a price of C$32.55 per Share for aggregate gross
proceeds of C$416,640,000 (the “Strategic Investment”).
The net proceeds of the Strategic Investment are expected to be used by the Company for the continued
advancement of its growth initiatives, including operational optimizations, the completion and ramp -up
of Kurmuk, the phased expansion of Sadiola, product ion increases at the CDI Complex, and exploration
efforts across the Company’s portfolio.
With the completion of the Strategic Investment, Zijin Gold hold s approximately 9.2% of the issued and
outstanding common shares of the Company and is entitled to customary participation and top-up rights
to maintain its pro rata equity ownership interest until such time as Zijin Gold’s equity ownership interest
in Allied falls below 5 percent on a non-diluted basis.
The Shares issued pursuant to the Strategic Investment are subject to a hold period of four months and
one day ending December 11, 2026, in accordance with applicable Canadian securities laws. Allied's
Chairman and CEO and the Company's Vice Chairman have voluntarily agreed to enter into lock -up
agreements for the same period as Zijin Gold’s statutory hold period in connection with the private
placement.
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 is solidly on the path to becoming 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 AND STATEMENTS
This press release contains “forward -looking information” under applicable Canadian securities legislation. Forward-looking
statements are characterized by words such as “plan”, “expect” and other similar words. Except for statements of historical fact,
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information contained herein constitutes forward-looking information, including, but not limited to, statements related to the
planned use of proceeds from the S trategic Investment; and Allied’s aspirations to become a mid-tier, next-generation gold
producer in Africa and, ultimately, a leading senior global gold producer. Forward-looking information is based on the opinions,
assumptions and estimates of management considered reasonable at the date the statements are made, and is inherently subject
to a variety of risks and uncertainties and other known and unknown factors t hat could cause actual events or results to differ
materially from those projected in the forward -looking information. These factors includ e, without limitation, risks and
uncertainties related to the Company’s ability to meet its expansion and operational optimization goals, including production
increases; risks relating to operating in emerging markets, particularly Africa, including risk of government expropriation or
nationalization of mining operations; health, safety and environmental risks and hazards to which the Company’s operations are
subject; counterparty, credit, liquidity and interest rate risks and access to financing; uncertainty in the estimation of Mineral
Reserves and Mineral Resources; Allied’s ability to replace and expand Mineral Resources and Mineral Reserves; risks relating to
partial ownerships and/or joint ventures at the Company’s operations; reliance on the Company’s existing infrastructure and
supply chains at the Company’s operating min es; risks relating to the acquisition, holding and renewal of title to mining rights
and permits, and changes to the mining legislative and regulatory regimes in the Company’s operating jurisdictions; the
Company’s compliance with anti-corruption laws; title disputes or claims; risks relating to the termination of mining rights; risks
relating to security and human rights; risks associated with processing and metallurgical recoveries; risks related to enforc ing
legal rights in foreign jurisdictions; risks r elated to the Company’s ability to service its debt obligations; fluctuating currency
exchange rates (including the US Dollar, Euro, West African CFA Franc and Ethiopian Birr exchange rates); timing and possible
outcome of pending and outstanding litigation and labour disputes; taxation risks; scrutiny from non-governmental organizations;
labour and employment relations; repatriation of funds from foreign subsidiaries; the impact of global financial, economic and
political conditions, global liquidity, interest rates, inflation and other factors on the Company’s results of operations and market
price of the Company’s common shares; risks associated with financial projections; force majeure events transactions that may
result in dilution to common shares; future sales of common shares by existing shareholders; the Company’s dependence on key
management personnel and executives; possible conflicts of interest of directors and officers of the Company; the reliability of
the Company’s disclosure and internal controls; compliance with international ESG disclosure standards and best practices;
vulnerability of information systems including cyber attacks; as well as those risk factors discussed or referred to in the Company’s
current Annual Information Form and Form 40-F available under its profile on SEDAR+ at www.sedarplus.ca and www.sec.gov.
Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be other factors that could cause actions, events or
results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove
to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking information if circumstances or management’s estimates, assumptions or
opinions should change, except as required by applicable law. The reader is cautioned not to place undue reliance on forward-
looking information. The forward-looking information contained herein is presented for the purpose of providing investors with
information concerning the completion of the Strategic Investment, and may not be appropriate for other purposes.