ALLIED GOLD ANNOUNCES THE CLOSING OF ITS ACQUISITION OF THE DIBA PROJECT, AIMED AT IMPROVING NEAR-TERM CASH FLOW BY PROVIDING HIGHER-GRADE AND LOWER-COST OXIDE ORE FEED TO THE SADIOLA GOLD MINE

TORONTO, Nov. 9, 2023 /PRNewswire/ – Allied Gold Corporation (TSX:AAUC) (“Allied” or the “Company”) is pleased to announce that the Company has completed its previously announced acquisition of the permitted Korali-Sud Small Scale Mining License as well as beneficial interest of the highly prospective Lakanfla Exploration License (together, the “Project” or “Diba”) by acquiring all of the shares of Legend Mali (BVI) III Inc. from LGN Holdings (BVI) Inc., a wholly owned subsidiary of Elemental Altus Royalties Corp (TSXV: ELE) (OTCQX: ELEMF) (“Elemental Altus”) for consideration comprised of a modest upfront cash payment, deferred payments based on the achievement of performance, production and operational milestones, and a Net Smelter Returns (“NSR”) royalty.

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