NEW YORK, June 28 /PRNewswire-FirstCall/ -- Allied Energy Corporation, Inc. (Stock Symbol: AGYP) announced today that the Company has entered into agreement to acquire 100% interest in all mineralization excluding Thorium, exceeding 5 square miles in area. Located in Queensland, Australia these mineral properties present potential upside to the shareholders of the Company and further information will be made available. About Allied Energy Corporation: Allied Energy Corporation is an exploration company that is seeking to attain a balanced portfolio of reserves and the Queensland property is one of the first steps in achieving this goal. Allied Energy targets proven & probable reserves with high net revenue interest potential, where risk has been substantially measured by meticulous technical evaluation and geophysics. Allied Energy is the embodiment of a diversified consortium of energy resources. The Company seeks interest in oil, gas, coal, uranium and renewable energy sources. This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, statements regarding benefits of the proposed acquisition and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "expects," "projects" or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. DATASOURCE: Allied Energy Corporation, Inc. CONTACT: Mr. Antonio Treminio, +1-212-315-9705,

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