Allied Energy Corporation Completes Definitive Agreement for Three-Phase Acquisition of Puma Gold Property in California

Allied Energy Corporation (OTC: AGYP) (“Allied” or the “Company”) today announced that it has executed a definitive Three-Phase Earned Interest Option to Purchase Agreement with Puma Gold LLC (“Puma Gold”), establishing a structured pathway for Allied to acquire a 100% interest in the Puma Gold Property located in San Bernardino County, California.

The definitive agreement replaces the parties’ previously announced Memorandum of Understanding and provides Allied with the sole and exclusive option to acquire the property through the successful completion of three development phases.

The Puma Gold Property consists of approximately 150 filed and registered mineral claims and is supported by historical technical information, including an NI 43-101 technical report dated March 10, 2025, and updated October 15, 2025.

“This agreement represents an important milestone for Allied as we advance from preliminary evaluation into a clearly defined acquisition and development framework,” said George Montieth, Chief Executive Officer and Director of Allied Energy Corporation.

Three-Phase Acquisition Structure Under the definitive agreement, Allied may progressively earn its interest in the Puma Gold Property through the following three phases:

Phase 1 — Historical Drill Validation: 40% Earned Interest Phase 1 is designed to independently evaluate and validate the property’s historical exploration information. Allied’s commitments include: US$100,000 cash payment; US$100,000 in Allied common shares; US$50,000 work commitment; and An initial work program that may include staking additional ground, where required, duplicating approximately 8–12 of the 40 historical drill holes, validating historical grades and completing work recommended under the existing NI 43-101 technical report.

Upon completion of the applicable Phase 1 obligations, Allied will earn a 40% interest in the property. Phase 1 is expected to commence following the agreement’s Effective Date and continue for approximately six to eight months , unless extended by mutual written agreement.

Phase 2 — Resource Definition and Pilot Testing: Additional 35% Earned Interest Subject to Allied’s review of the Phase 1 results and its written election to proceed, Phase 2 is intended to advance the project toward resource definition and pilot-scale evaluation. Allied’s commitments include: US$200,000 cash payment; US$200,000 in Allied common shares; Approximately US$2 million in work expenditures; and Development of an estimated 4–6 million-cubic-yard NI 43-101-compliant resource, permitting activities and extraction testing.

Completion of Phase 2 would increase Allied’s cumulative earned interest in the property to 75%. Phase 2 is expected to continue for approximately 18 months following Allied’s election to proceed.

Phase 3 — Feasibility and Production Readiness: Final 25% Earned Interest Phase 3 is designed to advance the Puma Gold Property toward feasibility, reserve confirmation and potential commercial production. Allied’s c...