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Issue of Equity

15th May 2007 10:49

Allied Gold Limited15 May 2007 For immediate release 15 May 2007 ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY") ISSUE OF EQUITY Allied announces that it has issued 225,000 new ordinary shares pursuant to theconversion of options expiring 30 June 2007 exercisable at AU$0.30. The new ordinary shares will rank pari passu with the existing ordinary sharesin issue. Application will be made for the new ordinary shares to be admitted totrading on the ASX and AIM. For more information:+-----------------------------------+-----------------------------------+|Mark Caruso |T:+61 8 93533638 || | ||Managing Director | |+-----------------------------------+-----------------------------------+|Roland Cornish |T: +44 (0) 20 7628 3396 || | ||Beamont Cornish Limited | |+-----------------------------------+-----------------------------------+ This information is provided by RNS The company news service from the London Stock Exchange

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ALD.L
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