SOURCE: Allied Energy Group, Inc.

January 22, 2007 09:30 ET

Allied Energy Group, Inc. Announces Today's Release of Terry Bradshaw's "Winners Circle" Video

BOWLING GREEN, KY -- (MARKET WIRE) -- January 22, 2007 -- Allied Energy Group, Inc. (PINKSHEETS: AGGI) is proud to announce today's release of its "Winners Circle" Featured Interview hosted by NFL Hall of Fame member Terry Bradshaw.

Mr. Bradshaw's interview with Cole Halliburton, President of Allied Energy Group, Inc., aired on MSNBC this morning during the "Imus in the Morning" show.

In this interview, Mr. Halliburton talked about the Company's aggressive development of natural gas properties and reserves.

By clicking the below link, viewers will be able to watch the entire video in which Mr. Halliburton will discuss the Company's present operations and goals for the future.

http://www.alliedenergy.com/vids/Allied_Winners_Circle_Corporate.wmv

About Terry Bradshaw and the "Winners Circle"

Terry Bradshaw is a four-time Super Bowl winner and host of the acclaimed national TV news series that highlights companies that represent the spirit and backbone of the American economy. The "Winners Circle" airs nationally on Monday and Wednesday mornings between 7:45am and 8:30am during MSNBC's morning news hour. The series was created to highlight corporate success stories from around the country, and is committed to finding stories that reflect the perseverance and determination required for business leaders to succeed in extraordinary times.

About Allied Energy Group

Allied Energy Group, Inc. (PINKSHEETS: AGGI) is an independent energy development firm primarily engaged in the exploration, development, and production of oil and natural gas in the continental United States. The company relies upon its strategic industry partners, well operators, geologists, petroleum engineers, seismic specialists, and financial analysts whose combined industry experience is essential to the success of each project. Allied Energy Group's strategic focus is the development of oil and natural gas reserves. As the fuel of choice to meet the growing demand for a clean-burning domestically produced fuel, the company firmly believes its natural gas exploration strategy should provide substantial growth to the company for the years to come.

For more information: www.alliedenergy.com

Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks inherent to the oil and gas industry, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Production rates and lease operating expenses are impossible to accurately forecast. The Company may have varying degrees of working interest ownership in each well and/or prospect. Thus, gross revenue projections may not be equal to what is distributed net to the Company. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.

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