Issue of Equity

FOR IMMEDIATE RELEASE 30 November 2010

allied gold limited

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

Issue of Equity

Allied Gold Limited ("Allied Gold" or the "Company") (TSX:ALG; ASX:ALD; AIM:AGLD) announces the following changes to its securities on issue:

·; The issue of 375,000 fully paid ordinary shares pursuant to the exercise of options at $0.35 per share.

The Fully Paid Ordinary Shares will rank pari passu with all existing ordinary shares, and trading of the Shares on AIM is expected to commence on 6 December 2010. This brings the total shares in issue to 1,042,206,569 and total Options over Ordinary Shares to 74,792,500 representing approximately 7.2% of the issued share capital.

For further information, contact:

Allied Gold Limited

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