Allied Gold Limited: Publication of Prospectus in Connection With Proposed Move from AIM to the Premium Listing Segment of the Official List

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

TORONTO, ONTARIO -- (Marketwire - June 17, 2011) - Allied Gold (TSX: ALG) (AIM: AGLD) (ASX: ALD) is pleased to announce the publication of a prospectus ("Prospectus") in connection with the proposed admission to the premium listing segment of the Official List of the UK Listing Authority ("Official List") and to trading on the London Stock Exchange plc's main market for listed securities ("Main Market") of the shares of Allied Gold Mining PLC (the successor company under the proposed schemes of arrangement ("Schemes")).

Admission of the shares of Allied Gold Mining PLC to the Official List and to trading on the Main Market and cancellation of admission to trading on AIM of the shares of Allied Gold is expected to occur simultaneously on Thursday, 30 June 2011, at 8:00 am, provided that the Schemes are approved by the Supreme Court of Queensland at the court hearing to be held on Monday, 20 June 2011.

A copy of the Prospectus has been submitted to the National Storage Mechanism and filed on SEDAR and will shortly be available for inspection on the Company's website at: http://www.alliedgold.com.au.



Contact Information

Allied Gold Limited Australia
Simon Jemison
Investor and Media
+61-418-853-922

Allied Gold Limited Canada
Rebecca Greco
Investor Relations
+1 416-839-8610

Allied Gold Limited London
David Simonson
C/. MerlinPR
+ 44(0) 20 7726 8400

Beaumont Cornish Limited
(Allied Gold's nominated adviser)
Roland Cornish
+44 (0) 207 628 3396

RBC Capital Markets
(Allied Gold's sponsor)
+44 (0) 207 653 4000
Stephen Foss
Matthew Coakes
Daniel Conti