NEW YORK, Dec. 6 /PRNewswire-FirstCall/ -- Allied Energy Corporation (OTC Pink Sheets: AGYP) is pleased to announce that Company representatives have returned from visiting Zambia, during which time they inspected prospective tin, tantalite and mica concessions (mining title and leases) in the area of Choma, Zambia (collectively, the "Starfield Mine"). As previously announced, the Company has entered into a Memorandum of Understanding with Starfield Minerals Ltd., for the purpose of acquiring Starfield itself or its sole asset, being the Starfield Mine. Located in Southern Africa, the Republic of Zambia is one of the world's principal tin producers and is extensively resource rich in other metals and minerals (e.g. copper, tungsten and nickel). Allied Energy Corporation will focus on the profitable development of the Starfield Mine; however, the Company intends to aggressively pursue additional acquisitions complimentary to this initial transaction. Production at the Starfield Mine is currently conducted by artisanal workers using hand-labor in open pits and it is anticipated that extensive production efficiencies and volume improvement can be achieved using mechanization. Currently it is anticipated by Starfield Minerals Ltd. that when mining plant and equipment is installed, production may increase, over time as implemented, from current nominal levels to potentially 400 tonnes per month of tin concentrate. Additionally, adjacent sites have been identified for potential acquisition and exploitation as part of expanded exploration and development activities. It is anticipated that most if not all of the current artisanal miners will be employed in this venture. Production will be delivered to market via South Africa or Tanzania. During the recent visit, mining rights were verified. Also, on property surface and pit samples were taken by a professional mining engineer consulting to Allied Energy Corporation and such samples have been submitted to ALS Chemex, a global provider of assay services. Once assay results have been received, it is anticipated that a report will be received conforming to National Instrument 43-101 standards, which compromise the highest standards in North America. Next steps will depend on this report; however it is currently anticipated such steps will include digging trenches along perceived veins, of which Starfield Minerals Ltd. indicates at least 5 have been identified to date. The trench results will then be assayed and a program of diamond drilling will follow as appropriate. The results taken as a whole will allow for the establishment of grade, volume and tonnage of the deposit and thus the determination of mining economic feasibility. Tin (Sn) is classified in the group of base metals, which consist of non- precious metals of great importance and utilization in the infrastructure of society and industrialization. Due to its low melting point, tin easily binds to iron (steel), lead, copper, and zinc, which makes it an important coating material for the prevention of rusting or oxidation. The main industries that utilize tin are: food preservation (canned foods), telecommunications, electric circuits, semiconductors, and architectural engineering. For the year 2006, the global tin market was estimated at 360,000 tonnes, which translated into a total global USD value of approximately $5.5 Billion. This number is expected to grow significantly due to the rapid modernization and GDP growth of the large and emerging Asian economies (i.e. China, India, Indonesia). About Allied Energy Corporation: Allied Energy Corporation is a publicly traded Company actively seeking a potential acquisition target within the natural resources sector. On October 31, 2007 the Company entered into a Memorandum of Understanding to acquire Starfield Minerals Ltd. or its assets. Starfield Minerals Ltd. owns a Zambia, Africa based tin and tantalite deposit (the "Starfield Mine") in the vicinity of Choma, Republic of Zambia. Forward Looking Statements (SAFE HARBOR): 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 a proposed acquisition and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "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. Contact: Antonio Treminio, Investor Relations, Allied Energy Corporation, Tel: +1-212-315-9705, e-mail: DATASOURCE: Allied Energy Corporation CONTACT: Antonio Treminio, Investor Relations of Allied Energy Corporation, +1-212-315-9705,

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