Holding(s) in Company

For immediate release

20 January 2011

Allied Gold Limited

("Allied Gold" or the "Company")

Holding(s) in Company

Allied Gold announces that it was informed today that Baker Steel Capital Managers LLP (clients of and associated or connected parties), now hold 9.80% of the total voting rights in the Company, holding a total of 102,164,167 Ordinary Shares in the Company.

ENDS

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

Beaumont Cornish Limited

T: +44 (0) 20 7628 3396