Issue of Equity

RNS Number:5460O
Allied Gold Limited
22 February 2008



For immediate release                                           22 February 2008



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


                                ISSUE OF EQUITY



The Company announces that a total of 50,000 Fully Paid Ordinary Shares were
issued today pursuant to an exercise of options at $0.50 per share.


The Company also issued 713,261 Options over Ordinary Shares (the "Options") to
Mirabaud Securities Limited as part consideration for the brokerage fee on the
Company's recent placement of shares, as announced on 7 January 2008. These
Options are exercisable at $0.72 and expire on 30 June 2009.


In addition, 740,000 options under the Company's Employee Incentive Option
Scheme have lapsed in accordance with the Scheme.


This brings the total shares in issue to 356,686,554 and total Options over
Ordinary Shares to 7,523,261, approximately 2.1% of the issued share capital.



For more information:

Mark Caruso                              T:[phone]
Managing Director

Roland Cornish                           T: [phone]
Beaumont Cornish Limited




21 February 2008
Peter Torre
Company Secretary




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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