AGLD Allied Gold

TIDMAGLD

RNS Number : 5974E

Allied Gold Limited

08 April 2011

FOR IMMEDIATE RELEASE 8 April 2011

allied gold limited

("the Company")

"This press release is not for dissemination in the USA and shall not be disseminated to USA news services"

UPDATE ON ADMISSION TO TRADING OF PLACEMENT SHARES TO AIM

The following information is given further to the announcement of 5 April 2011 in which the Company announced the completion of the A$93.8 million placement ("the Placement"):

156,330,985 new ordinary shares ("the Shares") were issued under the Placement with admission of the Shares on AIM expected to be Monday 11 April 2011, and admission of the Shares on ASX expected to be on Tuesday 12 April 2011.

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM. The Placement is also subject to receipt of approval from the Toronto Stock Exchange ("TSX")

The Shares will rank pari passu with all existing ordinary shares of the Company.

Following admission of the Shares to trading on AIM and ASX, the Company will have in issue 1,198,537,554 ordinary shares.

For more details, please contact:

Simon Jemison Investor Relations & Media +61 418 853 922

Rebecca Greco Investor Relations, North America +1 416 839 8610

David Simonson c/. Merlin PR +44 20 7726 8400

Beaumont Cornish Limited

Roland Cornish (Nominated Adviser)

Beaumont Cornish Limited

T: +44 (0) 20 7628 3396

This information is provided by RNS

The company news service from the London Stock Exchange

END

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