Q3 Statement 3 - Financials

ALLIED GOLD FINANCIALS AND MD&A FOR QUARTER AND NINE MONTHS ENDED 30 SEPTEMBER 2011

Following the announcement of the production update for the quarter and nine months ended 30 September on 31 October 2011, Allied Gold Mining Plc ("Allied" or "the Company") is pleased to announce its Financials and Management Discussion and Analysis (MD&A") for the same period.

This Interim MD&A has been prepared solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules and should not be relied on by any other party or for any other purpose.

The financials are below and the MD&A has been released simultaneously.

For further information please contact:

Allied Gold Mining Plc (Investor and Media) - Simon Jemison,

+61 418 853 922

RBC Capital Markets (Joint Corporate Brokers) - Stephen Foss / Matthew Coakes / Daniel Conti

+44 (0) 207 653 4000

Oriel Securities (Joint Corporate Brokers) - Jonathan Walker / Michael Shaw / Ashton Clanfield

+44 (0) 207 710 7600

Buchanan (Financial PR Advisor) - Bobby Morse / James Strong

+44 (0) 207 466 5000

ABOUT ALLIED GOLD MINING PLC

Allied Gold is a Pacific Rim gold producer, developer and exploration company listed on the London Stock Exchange's Main Market (ALD), Toronto Stock Exchange (ALD) and the Australian Securities Exchange (ALD).

It owns 100% of the Simberi gold project, located on Simberi Island, the northernmost island of the Tabar Islands Group, in the New Ireland Province of eastern PNG, and has a 100% interest in Gold Ridge gold project, located on Guadalcanal Island in the Solomon Islands.

INTERIM CONSOLIDATED FINANCIAL REPORT

FOR THE THREE AND NINE MONTHS ENDED

SEPTEMBER 30, 2011

All amounts are in United States dollars unless otherwise stated.

These interim consolidated financial reports of Allied Gold Mining PLC for the three and nine months ended September 30, 2011 have been prepared by and are the responsibility of the Company's management. The financial reports have been approved for release by the Company's Audit, Risk and Compliance Committee. The amounts presented in these financial reports for the three and nine months to September 30, 2011 have not been subject to review or audit by the Company's auditor.

The amounts in the interim consolidation financial report have been rounded to the nearest thousand dollars unless otherwise stated.

Directors' report

Your directors submit the consolidated interim financial report of Allied Gold Mining PLC (the "Company") and its controlled entities (together referred to as "the Group") for the three and nine months ended September 30, 2011.

Allied Gold Mining PLC was incorporated in the United Kingdom on March 7, 2011 and the principal legislation under which it operates is the Companies Act 2006 (United Kingdom ("UK")).

On June 30, 2011, Allied Gold Limited successfully implemented the Share and Option Schemes of Arrangement whereby Allied Gold Mining PLC became the holding company of the Group. Under the Schemes of Arrangement, Allied Gold Limited's (being the previous holding company of the Allied Group) shares and options on issue as at June 30, 2011 were exchanged on a six for one basis for Allied Gold Mining PLC shares and options. Allied Gold Mining PLC was admitted to the premium listing segment of the London Stock Exchange PLC ("LSE") and commenced trading on LSE's main market for listed securities ("Main Market") on June 30, 2011. At admission, Allied Gold Mining PLC had issued capital of 199,755,017 shares and had 10,172,904 options on issue.

The company's securities are also traded on the Australian Securities Exchange and the Toronto Stock Exchange.

The Company's annual balance date is December 31. The interim consolidated financial statements have been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (EU-IFRS). To provide greater consistency with reporting by other mining companies listed on the Main Market, and as an international gold producer, explorer and developer with two operating mines, Allied Gold Group has adopted United States ($) dollars as its functional currency as of July 1, 2011 and the results in this report are in United States dollars unless stated otherwise. Please refer to Note 1 of this report for a summary significant accounting policies adopted in the preparation of this financial report, including the application of merger accounting.

Directors

The Directors of the Company in office during or since the start of the nine-months to the date of this report were:

·; Mr Mark V Caruso

(Appointed Non-Executive Chairman on June 30, 2011-formerly Executive Chairman and Chief Executive Officer).

·; Mr Frank Terranova

(Appointed Chief Executive Officer and Managing Director on June 30, 2011- formerly Executive Director and Chief Financial Officer).

·; Mr Sean Harvey

·; Mr Monty House

·; Mr Anthony Lowrie

·; Mr Gregory H Steemson (resigned August 16, 2011)

Results

The consolidated profit after providing for income tax for the three and nine months to September 30, 2011 was $3.8 million and $0.9 million respectively (three and nine months to September 30, 2010: $1.2 million and $36.2 million respectively).

Dividends

No dividends were paid or declared during or in respect of the nine months ended September 30, 2011.

Directors' report (continued)

Business review

Set out below is a summary of the key developments in the Company's operations during the quarter. A more detailed analysis of the Compnay's results of operations and cash flows is presented in the Company's Management Discussion and Analysis for the period ended 30 September 2011.

Corporate

As at September 30, 2011 the Group had a cash balance of $48.5 million (not including 4,095 ounces of gold at refinery), a decrease of $34.6 million from June 30, 2011. The reduction in cash is due primarily to purchases of plant and equipment to support the ramping up to full production at Gold Ridge and the plant expansion at Simberi. Additionally there was a build up in inventory levels at both sites during the quarter and the balance of trade and other payables reduced by $14.0 million during the current quarter. Operating cash flows are expected to be positive in future as Gold Ridge reaches full production and working capital levels stabilise

On August 16, 2011 Mr Greg Steemson resigned as a director of the Company to pursue other interests. The Board has commenced procedures, pursuant to its Selection and Appointment policy, for the appointment of a further director to the Company.

On September 19, 2011 the FTSE Group approved the inclusion of the Company in the FTSE All-Share and FTSE Small Cap Indices. Effective October 3, 2011 the Company was approved for inclusion in the FTSE250 Index.

On July 1, 2011 the group changed the functional currency of all entities within the group to the United States dollar ("USD") from the Australian dollar ("AUD"). In the current period, there is a one-off adjustment to net assets of $1.6 million to account for the change in functional currency.

Simberi

Simberi produced 15,899 ounces for the September quarter at a gross cash cost of $1,064 per ounce and 44,897 ounces for the nine-months at a gross cash cost of $944 per ounce.

Gold sales for the quarter totalled 15,337 ounces at an average gold price of $1,751 per ounce. Gold sales for the nine-months totalled 46,376 ounces at an average gold price of $1,574 per ounce. Production at Simberi for the quarter of 15,899 ounces was slightly lower due to a higher number of high rainfall days than expected during the quarter adversely impacting access to pits with higher grade ore, resulting in lower volumes of lower grade ore being mined and milled during the quarter. Mill throughput for the quarter was 528,702 tonnes for the quarter at a head grade of 1.07 g/t and a recovery of 87.2%.

Production for the nine-months was 44,897 ounces. Mill throughput for the nine months was 1,461,004 tonnes at a head grade of 1.09 g/t at a recovery of 87.9%.

The oxide process plant expansion from 2.0 mtpa to 3.5 mtpa is continuing and remains a core priority for completion in the third quarter of calendar 2012. The heavy fuel oil initiatives are in the process of being implemented and are expected to be completed and operational towards the end of the second quarter of calendar 2012.

Production guidance for the December quarter for Simberi is expected to be at the lower end of the 12,000-14,000 ounces range, following approximately three weeks of lost production in October whist repairs were made to the ball mill due to the failure of the pinion gear shaft and damage to the air clutch in early October. Repairs were completed in October and the mill has resumed processing operations.

Directors' report (continued)

Gold Ridge

Gold Ridge commenced recognising gold revenue and operating expenses in the current quarter in the statement of comprehensive income. All revenue and expenditure to June 30, 2011 were capitalised to the costs of development.

Gold Ridge produced 20,186 ounces for the September quarter at a gross cash cost of $1,135 per ounce. Mill throughput for the quarter was 459,990 tonnes for the quarter at a head grade of 1.98 g/t at a recovery of 69.7%. Production in the September quarter was in line with expectations of continual improvement in operational metrics throughout the reminder of 2011.

Gold sales for the quarter totalled 15,698 ounces at an average gold price of $1,751 per ounce.

For the December quarter, Gold Ridge is expected to produce between 18,000 and 23,000 ounces as additional access to the higher-grade Namachamata pit occurs.

Exploration

At Simberi, exploration comprised both metallurgical and exploration core drilling for the Simberi Sulphide Bankable Feasibility Study, due to be presented in 2012. A total of 4,508 metres were drilled in 23 core holes with 9 holes / 1,912m drilled at Pigiput, completing the metallurgical/resource definition programme, and 14 exploration holes for 2,596m at Botlu, Pigiput East and Sorowar. A further 11 RC holes / 777m of exploration drilling were undertaken at Sorowar, Pigibo and Botlu during the quarter.

At Gold Ridge, exploration core drilling commenced in April. Drilling is initially targeted the Charivunga Mineralised Zone, where previous operators produced significant down hole intercepts in core holes. Seven holes / 2,502 m were drilled in the June and September quarters, completing the Phase I programme. Assay results from the first 4 holes, GDC001 to GDC004, were released in August 31, 2011 (ALD Media Release: Exploration Update - Gold Ridge, Solomon Islands).

To date at Charivunga, gold mineralisation is identified over a strike length of 450m in a NE-trending corridor up to 250m wide. Gold mineralisation, intermittently present from surface, is most consistent and of better grade from approximately 200m to 300m below surface. Low grade mineralisation occurs with fine disseminated pyrite and marcasite in argillic alteration zones. Higher grades are mainly restricted to occasional steep dipping, thin pyritic and polymetallic quartz-carbonate veins.

Principal risks and uncertainties

There are a number of potential risks and uncertainties which could have a material impact on the Group's performance over the remaining three months of the financial year and could cause actual results to differ materially from expected and historical results. The directors do not consider that the principal risks and uncertainties have changed since reported in the Company's Prospectus dated June 17, 2011 under the section entitled "Risk Factors".

The principal risks and uncertainties disclosed in the Company Prospectus were categorised as:

·; Reserves and resources estimates

·; Mining and exploration rights

·; Limited operating history

·; Employees and contractors

·; Commodity prices and exchange rate movements

·; Cost and capital expenditure

·; Political, legal and regulatory developments

·; Social and environmental performance

·; Changes in tax legislation

·; Utilities and consumables supplies

Directors' report (continued)

Subsequent events

No matter or circumstance has arisen since September 30, 2011 that has significantly affected, or may significantly affect:

a. The Group's operations in future financial years, or

b. The results of those operations in future financial years, or

c. The Group's state of affairs in future financial years.

Other information

The registered office is 3 More London Riverside, London SE1 2AQ, United Kingdom. The principal place of business is Building 23, 2404 Logan Rd, Eight Mile Plains, 4113, Australia.

The amounts in the interim consolidation financial report have been rounded to the nearest thousand dollars unless otherwise stated.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2011

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT SEPTEMBER 30, 2011

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE THREE AND NINE MONTHS ENDED September 30, 2011

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE THREE AND NINE MONTHS ENDED September 30, 2011 (continued)

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE THREE AND NINE MONTHS ENDED September 30, 2011 (continued)

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE THREE AND NINE MONTHS ENDED September 30, 2010 (continued)

The accompanying notes are an integral part of this interim consolidated financial report.

CONSOLIDATED CASHFLOW STATEMENT

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2011

The accompanying notes are an integral part of this interim consolidated financial report.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT

1. Reporting entity

Allied Gold Mining PLC ("the Company") is a company incorporated in the United Kingdom under the Companies Act 2006 (UK) and its shares are traded on the London Stock Exchange PLC's main market for listed securities ("Main Market"), the Australian Securities Exchange and the Toronto Stock Exchange. The address of the registered office is 3 More London Riverside, London SE1 2AQ, United Kingdom.

The interim consolidated financial report for the three and nine months ended September 30, 2011 comprises the Company and its controlled entities (together referred to as "the Group").

2. Significant accounting policies

The accounting policies applied by the Group in this interim consolidated financial report are the same as those applied by the Group's audited financial statements for the six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus dated June 17, 2011 except for the following:

(a) Merger accounting

The accounting treatment in relation to the addition of Allied Gold Mining PLC as a new UK holding company of the Group falls outside the scope of the International Financial Reporting Standards 3- Business Combinations.  The Share Scheme arrangement constituted a combination of entities under common control as Allied Gold Mining PLC was not a business in accordance with the standard at the time that the Share Scheme became effective. The relative rights of the shareholders remain unaltered post transaction.

Paragraph 10 of International Accounting Standards 8-Accounting Policies, Changes in Accounting Estimates and Errors requires management to use its judgement in developing and applying a policy that is relevant, reliable, represents faithfully the transaction, reflects the economic substance of the transaction, is neutral, is prudent, and is complete in all material respects when selecting the appropriate methodology for consolidation accounting.

Paragraph 13 of the Financial Reporting Standard 6 ("FRS")- Acquisitions and Mergers (UK) permits merger accounting as a result of a group reconstruction when an addition of a new parent company does not alter the relative rights of the shareholders and is facilitated entirely by a share for share exchange.

Management believes that it has met the criteria as defined by paragraph 13 of FRS-6 and has treated the insertion of Allied Gold Mining PLC as a group reconstruction and have applied the FRS-6 merger accounting principles to prepare the interim consolidated financial statements and treated the reconstructed group as if it had always been in existence.

The consolidated interim financial statements of Allied Gold Mining PLC have been prepared as if it had been in existence and the results for the three and nine months to September 2011 including comparatives results are of the Allied Gold Limited consolidated group.

(b) Functional currency

Prior to June 30, 2011 the functional currency of the Allied Gold Group was Australian dollars. Allied Gold Mining PLC reported its June 30, 2011 interim consolidated results using United States dollars as its presentation currency.

As part of the transition to a United Kingdom (UK) incorporated Company and being listed on the London Stock Exchange (LSE), Toronto Stock Exchange (TSX) and Australian Securities Exchange (ASX), the Company reassessed its functional currency for financial reporting purposes. As an international gold producer, explorer and developer, the currency of the primary economic environment in which the Company operates is United States dollars as it is the currency of the global economy. As of July 1, 2011, the Company and each of its subsidiaries have adopted the United States ($) dollars as their functional currency.

IAS 21 requires that "The effect of a change in functional currency is accounted for prospectively. In other words, an entity translates all items into the new functional currency using the exchange rate at the date of the change. The resulting translated amounts for non-monetary items are treated as their historical cost."

The Company adopted the change in functional currency as at July 1, 2011. The functional currency rate applied was US$/A$ 1.0742, hence all statement of financial position and statement of comprehensive income items previously reported in Australian dollars ( being the former functional currency) as at and for the periods up to and including June 30, 2011 were translated into US$ using an exchange rate of 1.0742.

Allied Gold PLC reported its results for the six months to June 30, 2011 using United States dollars as its presentation currency and in doing so translated items included in the statement of comprehensive income into US$ at the average exchange rate for the relevant quarter The table below highlights the significant differences arising from the use of different exchange rates for for translation into the US$presentation currency as at June 30, 2011 and to account for the adoptation of the US$ as the functional currency effective July 1, 2011.

3. Statement of compliance

The interim consolidated financial report has been prepared in accordance with International Financial Reporting Standards as adopted by the European Union (EU-IFRS) and therefore comply with Article 4 of the EU IAS Regulations.

The interim consolidated financial report does not include all of the information required for a full annual financial report and should be considered together with Allied Gold Limited's audited financial statements for six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus dated June 17, 2011 and with any public announcements made by the Company during the nine months ended September 30, 2011 in accordance with the continuous disclosure requirements applicable in the jurisdictions in which the Company's shares are traded.

A copy of the Allied Gold Mining PLC Prospectus is available on the Company's website (www.alliedgold.com.au) or from the registered office, 3 More London Riverside, London SE1 2AQ, United Kingdom.

4. Estimates

The preparation of the interim consolidated financial report is in accordance with International Financial Reporting Standards as adopted by the European Union (EU-IFRS) and requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. These estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

In preparing this interim consolidated financial report, there are significant judgements made by management in applying the Group's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the audited financial statements for six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus dated June 17, 2011.

5. Segment reporting

Management has determined the operating segments based on reports reviewed by the Managing Director and Executive Management to monitor performance and make strategic decisions. The business is considered from both a geographic and functional perspective and has identified four reportable segments.

Papua New Guinea consists of mining and processing and mineral exploration activities undertaken at the Simberi project.

The Solomon Islands consists of mining and processing and mineral exploration activities undertaken at the Gold Ridge project. During the first six months of the year the Gold Ridge project was not in production, all costs and revenues related to the Gold Ridge project were capitalised for financial reporting purposes. From July 1, 2011 results are reflected in the statement of comprehensive income.

The performance of the two geographic sectors is monitored separately.

The segment information presented to the Managing Director and Executive Management does not include reporting of assets and liabilities or cash flows by segment.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

5. Segment reporting (continued)

Three months to September 30, 2011

Nine months to September 30, 2011

1In Papua New Guinea and Solomon Islands mineral exploration costs are capitalised for financial reporting in accordance with International Financial Reporting Standards. In the Solomon Islands, revenue, mining and processing costs are recognised in Statement of Comprehensive income from July 1, 2011. Prior to July 1, 2011 revenue, mining and processing costs for the Solomon Islands were capitalised as assets under construction.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

5. Segment reporting (continued)

Three months to September 30, 2010

Nine months to September 30, 2010

 NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

5. Segment reporting (continued)

The Managing Director and Executive Management assess the performance of the operating segments based on a measure of contribution. This measure excludes items such as the effects of equity settled share based payments, and unrealised gains / (losses) on financial instruments. Interest income and expenditure are not allocated to segments, nor are corporate expenses as these activities are centralised.

6. Costs of Sales

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

7. Other income

8. Financial expenses

9. Inventories

10. Derivative financial instruments

In April 2011, the Company entered into a forward contract to purchase US$37 million at exchange rate of A$/US$1.0645 to be settled in November 2011. The contract was entered to hedge Allied Gold Limited's exposure to currency risk on repayment of its United States dollars denominated International Finance Corporation Limited loan.  At the reporting date the exchange rate was A$/US$0.9669.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

11. Property plant and equipment

*mostly relates to expenditure associated with the redevelopment and construction of the Gold Ridge operations.

**relates to transfer to Exploration and evaluation expenditure of $7.9 million (Refer Note 11) and to Gold Ridge consumables and ore stock piles of $10.3 million.

12. Exploration and evaluation expenditure

*relates to Simberi Sulphide feasibility study.

Exploration and evaluation expenditure is monitored for indications of impairment. Where a potential impairment is indicated, assessment is performed for each area of interest in conjunction with the group of operating assets (representing a cash generating unit) to which the exploration is attributed. Exploration areas at which reserves have been discovered but that require major capital expenditure before production can begin are continually evaluated to ensure that commercial quantities of reserves exist or to ensure that additional exploration work is under way or planned. To the extent that capitalised expenditure is not expected to be recovered it is charged to the statement of comprehensive income.

13. Trade and other payables

All trade and other payables are unsecured.

 NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

14. Borrowings

Finance lease liability relates to facilities provided for mining equipment by Bank of South Pacific Limited ("BSP"), Caterpillar Finance ("Caterpillar") and Atlas Copco Finance Pty Ltd ("ACF"). The BSP and Caterpillar leases are secured by a fixed and floating charge over the assets of Simberi Gold Mining Limited and by a guarantee provided by a related entity within the group. The ACF lease is secured by a charge over the leased equipment and by a guarantee provided by a related entity within the group. The facilities were fully drawn as at reporting date.

Interest bearing loans relates to a $35 million facility provided to the Group by the International Finance Corporation Limited. The facility is secured by a fixed and floating charge over the assets of Gold Ridge Mining Limited and by a guarantee provided by Allied Gold Limited. The loan has been classified as current as the Company has announced its intention to repay this debt within twelve months. The funds drawn down have been utilised to meet capital expenditure incurred as part of the redevelopment of the Gold Ridge Project.

15. Provisions

During the period, the Group engaged an independent consultant to prepare a revised estimate of the cost of rehabilitating and restoring the environmental disturbance that has occurred up to 30 June 2011 at the Gold Ridge Project. Based on the independent consultant's report and a discount rate of 13%, the provision for rehabilitation and restoration for the Gold Ridge Project was increased by $11 million as at June 30, 2011.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

16. Contributed equity

(a) Ordinary shares

*adjusted for 1 for 6 share consolidation which was undertaken on June 30 2011 as part of the Scheme Arrangement as approved by shareholders on June 6, 2011.

(1) On June 30, 2011, Allied Gold Limited successfully implemented the Share Scheme of Arrangement whereby Allied Gold Mining PLC became the holding company of the Group. Under the terms of the Scheme, Allied Gold Limited's shares were exchanged on a six for one basis to Allied Gold Mining PLC shares and admitted to the premium listing segment of the ("Official List") and commenced trading on the London Stock Exchange PLC's main market for listed securities ("Main Market").

Please refer to Note 1 of this report for a summary of accounting policies adopted, including the application of merger accounting under Financial Reporting Standard 6- Acquisitions and Mergers (UK) under the reconstructed Group.

Ordinary shares entitle the holder to one vote per share and to participate in dividends and proceeds on winding up of the company in proportion to the number of and amounts paid on the shares held.

(2) On April 6, 2011 Allied Gold Limited completed the placement of 156,330,985 new ordinary shares to institutional and sophisticated investors at A$0.60 each (pre implementation of the Share Scheme arrangement). Post implementation, those shares were exchanged on a six for one basis for 26,053,922 Allied Gold PLC shares.

(3) In the period between September 30 and the date of this report a total of 2,979,164 shares were issued pursuant to the exercise of options with an exercise price of £1.26maturing prior to December 31, 2011.

NOTES TO THE INTERIM CONSOLIDATED FINANCIAL REPORT (continued)

16. Contributed equity (continued)

(b) Options

The table below sets out the movements in options during the nine months ended September 30, 2011:

1. Adjusted for 1 for 6 share consolidation which was undertaken on June 30, 2011 as part of the Option Scheme Arrangement as approved by shareholders on June 6, 2011.

On June 30 2011, Allied Gold Limited successfully implemented the Share and Option Schemes of Arrangement whereby Allied Gold Mining PLC became the holding company of the Group. Under the Schemes of Arrangement, Allied Gold Limited's shares and options on issue as at June 30, 2011 were exchanged on a six for one basis to Allied Gold Mining PLC shares and options. Allied Gold Mining PLC was admitted to the premium listing segment of the ("Official List") of the London Stock Exchange PLC ("LSE") and commenced trading the LSE's main market for listed securities (Main Market") on June 30, 2011. At admission, Allied Gold Mining PLC had issued capital of 199,755,017 shares and 10,172,904 options on issue.

2. Unvested options will vest upon the share price trading at or above £2.56 on 5 consecutive trading days.

3. Each option is convertible into one ordinary share in the Company when exercised. Options do not participate in dividends and do not give holders voting rights.

4. In the period between 30 September and the date of this report a total of 2,979,164 shares were issued pursuant to the exercise of options with an exercise price of £1.26maturing prior to December 31, 2011.

17. Share based payments

In 2006, the group established a share option program that entitles key management personnel and senior employees to purchase shares in the entity.

The terms and conditions of the share option program are disclosed in Allied Gold Limited's audited financial statements for six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus.

The terms and conditions of the grants made during the nine months ended September 30, 2011 are as follows:

17. Sharebased payments (continued)

Non Executive Director Options issued June 20, 2011

249,999 unlisted options (adjusted for the 1 for 6 share consolidation) were issued to Sean Harvey having received shareholder approval at the Extraordinary General Meeting on June 6, 2011. The terms and conditions of those options are summarised below:

The basis for valuation is as per the grant date. On June 30, 2011, Allied Gold Limited successfully implemented the Share and Option Schemes of Arrangement whereby Allied Gold Mining PLC became the holding company of the Group and Allied Gold Limited's shares and options on issue were exchanged on a six for one basis to Allied Gold Mining PLC shares and options. Details of options issued pursuant to implementation of Option Schemes Arrangements were:

1 At the time of issue the vesting condition was that the options may not vest until the ordinary share price of the Allied Gold Limited's shares is greater than A$0.70 on five consecutive days after the date of grant. Under the option scheme approved by shareholders on June 6, 2011 the vesting condition is that, options may not vest until the ordinary share price of Allied Gold PLC's shares is greater than £2.56 on five consecutive days after the date of grant.

18. Related party transactions

Arrangements with related parties continue to be in place. The nature and terms of transactions with related parties are consistent with those described in the Allied Gold Limited audited financial statements for the six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus dated June 17, 2011.

19. Commitments and contingencies

There has been no significant change to the Group's commitments and contingencies since reported in the Allied Gold Limited audited financial statements for the six months ended December 31, 2010 as included in the Allied Gold Mining PLC Prospectus dated June 17, 2011.

20. Subsequent events

No other matter or circumstance has arisen since September 30, 2011 that has significantly affected, or may significantly affect:

a. The Group's operations in future financial years, or

b. The results of those operations in future financial years, or

c. The Group's state of affairs in future financial years.