Issue of Director's Options

FOR IMMEDIATE RELEASE 9 June 2011

allied gold limited

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

Issue of Options and Directors Interests in Allied Gold

Allied Gold advises that the following options were issued today for Mr Terence Sean Harvey, a Director of Allied Gold Limited, pursuant to share holder approval obtained at the recent shareholder meeting held on 6 June 2011.

1,500,000 Unlisted Options exercisable at $0.50 on or before 31 December 2011 with the following vesting conditions:

·; 1,000,000 vesting immediately

·; 500,000 vesting upon when the Company's share price is greater than $0.70 for 5 consecutive days.

Mr Terence Sean Harvey's security holdings in the Company are now as follows:

o 200,000 Fully Paid Ordinary shares representing 0.017 % of the total share capital of the Company.

o 1,500,000Unlisted Options exercisable at $0.50 on or before 31 December 2011 with the following vesting conditions:

·; 1,000,000 vesting immediately

·; 500,000 vesting upon when the Company's share price is greater than $0.70 for 5 consecutive days.

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