Issue of Equity

FOR IMMEDIATE RELEASE 23 February 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 3,419,407 fully paid ordinary shares pursuant to the compulsory acquisition of Australian Solomons Gold Limited remaining shares in issue.

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 1 March 2010. This brings the total shares in issue to 1,040,132,142 and total Options over Ordinary Shares to 76,886,927 representing approximately 7.4% of the issued share capital.

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: fterranova@alliedgold.com.au

Peter Torre

Company Secretary

T: +61 8 9287 4604

E: peter@torrecorporate.com.au

Beaumont Cornish Limited

Roland Cornish

Beaumont Cornish Limited

T: +44 (0) 20 7628 3396