Allied Gold Corporation announced on October 20, 2025, a public offering of 6,400,000 common shares at C$27.35 per share, raising gross proceeds of C$175,040,000. The offering, made in all Canadian provinces under an agreement dated October 20, 2025, closed on October 24, 2025. The syndicate of underwriters was led by Stifel Nicolaus Canada Inc., Canaccord Genuity Corp., and National Bank Financial Inc., with CIBC World Markets Inc. and Cormark Securities Inc. also participating.

Shares were offered via a short form prospectus supplement dated October 20, 2025, and are listed on the Toronto and New York stock exchanges. In the U.S., the shares were offered privately under exemptions from the U.S. Securities Act of 1933.

Proceeds will fund optimization and growth initiatives, including infrastructure at the Sadiola mine in Mali, enhancements at the Kurmuk project in Ethiopia, transition to owner mining at select operations, and general corporate purposes. An over-allotment option was also granted to the underwriters.

Legal counsel was provided by Cassels Brock & Blackwell LLP for Allied Gold and Blake, Cassels & Graydon LLP for the underwriters.