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Allied Gold Corporation

10:34 AM EST - Allied Gold Corporation : Announced positive exploration results from the Tsenge gold prospect, the most advanced of several high quality exploration targets at the Kurmuk Project. These results are part of a program that is expected to significantly increase the Mineral Resources and Mineral Reserves at Kurmuk, aligning with the Company's goal of achieving a minimum of five million ounces of gold in mineral inventories at the project. Tsenge is strategically located along strike from the Ashashire deposit, which is planned as one of the initial two open pits for development at the project alongside the Dish Mountain deposit. Together, these initial planned pits contain 2.74 million ounces of gold in Proven and Probable Mineral Reserves and Kurmuk currently contains a total of 3.12 million ounces of gold in Measured and Indicated Resources and an additional 0.3 million ounces of gold in Inferred Resources. Allied Gold Corporation shares T.AAUC are trading down $0.05 at $4.30.