Allied Energy Corporation has drilled the Foust #7-9 well located in Pawnee County, Oklahoma to a total depth of 3,000 +/-feet and encountered oil and/or gas shows in at least five conventional reservoirs. The Foust #7-9 is currently in the completion process and is anticipated to establish commercial oil production in the next couple of weeks. Although the Company is very confident in these results, no assurances can be made that commercial oil production will be established.

Allied Energy Corporation announced 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. The cause of death was a medical condition that had not been foreseen up to that point. As of May 15, 2008 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 announced the receipt of the Property Evaluation Report it commissioned on prospective mineral concessions, collectively, the property, in the area of Choma, Zambia (collectively, the Starfield Mine, also or formerly known as the Kasika Mine). This area is part of the Southern Tin Belt of Zambia, an African country which is known to be rich in base metals, such as Copper, Tin, and Zinc. In evaluation of the mentioned report, management has decided to progress with the recommendation of the Property Evaluation Report. This recommendation is that 280 meters of trenching be conducted in order to further establish the potential of the property.