Issue of Options

12th Jun 2008 07:00



For immediate release 12 June 2008 

ALLIED GOLD LIMITED ("ALLIED" OR "THE COMPANY")

ISSUE OF OPTIONS 

The Company announces that a total of 2,000,000 Options over Ordinary Shares (the "Options") were issued today to Mr Frank Terranova, the Chief Financial Officer of Allied, under the Company's Employee Incentive Option Scheme. These Options are exercisable as set out in the table below:

TERMS	NUMBER OF OPTIONS
Exercisable at $0.80 on or before 31 December 2010 Exercisable at $1.00 on or before 31 December 2010 Exercisable at $1.25 on or before 31 December 2010 Exercisable at $1.50 on or before 31 December 2010 Exercisable at $2.00 on or before 31 December 2010	400,000 400,000 400,000 400,000 400,000

This brings the total Options over Ordinary Shares to 17,803,261, approximately 4.73% of the issued share capital.

For more information: 

Mark Caruso Managing Director	T:+61 8 93533638
Roland Cornish Beaumont Cornish Limited	T: +44 (0) 20 7628 3396

ENDRDSFFLFFVQBBBBB

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Related Shares:

ALD.L