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Memorandum of Understanding

21st Nov 2006 13:37

Allied Gold Limited21 November 2006 FOR IMMEDIATE RELEASE 21 NOVEMBER 2006 ALLIED GOLD LIMITED ("Allied", "Allied Gold" or "the Company") MEMORANDUM OF UNDERSTANDING WITH ZIJIN MINING GROUP CO. LTD Further to the announcements made on 25 and 26 September 2006, Allied Goldadvises that Zijin Mining Group Co. Ltd has completed its due diligence as partof the Memorandum of Understanding with Allied Gold Limited and has advisedAllied that it does not wish to proceed with the proposed share placement. For enquiries in connection with the above, please contact: Mark CarusoChairman and Managing DirectorAllied Gold Limited+ 61 8 9353 [email protected] Roland CornishBeaumont Cornish Limited020 7628 3396 This information is provided by RNS The company news service from the London Stock Exchange

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