Director's Dealing

FOR IMMEDIATE RELEASE 23 September 2010

allied gold limited

("Allied", "Allied Gold" or "the Company")

Directors Interests in Allied Gold

Allied Gold advises that Mr Mark Caruso, a Director of Allied Gold Limited purchased 100,000 Ordinary Fully Paid shares in the Company on market on 22 September 2010 at a price of AUD$0.04553 per share.

Mr Mark Caruso's security holdings in the Company are now as follows:

o 7,685,193 Ordinary Fully Paid Shares representing 0.74% of the total share capital of the Company.

o 5,875,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011.

o 3,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.

o 10,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013.

o 10,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the share price trading at $0.70.

o 5,000,000 Unlisted Options exercisable at $0.50 on or before 31 December 2013, vesting upon the 100,000th ounce of gold produced from the Simberi Oxide Gold Project between 1 October 2009 and 31 December 2010.

For further information, contact:

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