ASX Price Query

FOR IMMEDIATE RELEASE 24 december 2010

allied gold limited

("the Company")

ASX Price Query

The Company provided a response today to a Price Query raised by the Australian Stock Exchange (ASX).

The ASX noted that there had been a material change in the price and volume of trading in the Company's securities today on the ASX and sought clarification on whether the Company was aware of any specific information concerning it that had not been announced which, if known, could be an explanation for the recent increase in price or volume in trading in the Company's securities.

The Company responded and advised that there was no such information and confirmed that it was in compliance with ASX Listing Rule 3.1 pertaining to continuous disclosure.

The ASX Query and the Company's full response can be viewed as a link to this announcement.

 http://www.rns-pdf.londonstockexchange.com/rns/5968Y_-2010-12-24.pdf

For more details please contact:

Simon Jemison Investors and Media (Aust) + 61 (0) 418 853 922

Rebecca Greco Investors (North America) +1 416 839 8610

David Simonson Merlin PR (UK) + 44 (0) 20 7726 8400

Beaumont Cornish Limited

Roland Cornish

Beaumont Cornish Limited

T: +44 (0) 20 7628 3396