Holding(s) in Company

For immediate release

24 March 2010

Allied Gold Limited

("Allied Gold" or the "Company")

Holding(s) in Company

The Board of Allied Gold announces that it was informed today that Franklin Resources, Inc. and its affiliates, now hold 6.40% of the total voting rights in the Company, holding a total of 66,555,346 Ordinary Shares in the Company.

ENDS

For further information, contact:

Allied Gold Limited

Mark Caruso

Executive Chairman

T:+61 8 93533638

Frank Terranova

Chief Financial Officer

T: +61 7 3252 5911

M: +61 448 187 557

E: [email protected]

Peter Torre

Company Secretary

T: +61 8 9287 4604

E: [email protected] 

Beaumont Cornish Limited

Roland Cornish

Beaumont Cornish Limited

T: +44 (0) 20 7628 3396