NEW YORK, May 15 /PRNewswire-FirstCall/ -- Allied Energy Corporation (Pink Sheets: AGYP) with deep regret reports the untimely death of its Chief Financial Officer Leslie James Porter. Mr. Porter had previously served as the Company's sole officer and director until January 2008. At that point he was repositioned as the Company's President and Chief Financial Officer and in that capacity he had focused his energy on completing a comprehensive audit and improving the listing of the Company's shares to the Over the Counter Bulletin Board ("OTCBB"). The cause of death was a medical condition that had not been foreseen up to that point. As of today's date the Company's Chief Executive Officer, Mr. Seth M. Shaw, will temporarily assume the responsibilities previously assumed by the late Mr. Porter. Allied Energy Corporation CEO, Seth Shaw, commented, "The death of Mr. Porter was a terrible shock to all of us at the Company and our thoughts and prayers are with his family. He was a young man and I had successfully worked with him in the past to create shareholder value. I will do my best to continue the progress that was made by Mr. Porter's hard work. The Company will update shareholders on business related progress as soon as practicable." About Allied Energy Corporation: Allied Energy Corporation is a publicly traded company actively seeking a potential acquisition target within the natural resources sector. For more information please contact: Mr. Seth M. Shaw Chief Executive Officer Tel. +1-(917) 796 9926 DATASOURCE: Allied Energy Corporation CONTACT: Mr. Seth M. Shaw, Chief Executive Officer, Allied Energy Corporation, +1-917-796-9926

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