Allied Gold Limited Scheme of Arrangement- Update

TIDMAGLD

RNS Number : 2256G

Allied Gold Limited

09 May 2011

FOR IMMEDIATE RELEASE 9 MAY 2011

ALLIED GOLD LIMITED

("the Company")

SCHEME OF ARRANGEMENT

NOTICE OF SHAREHOLDER MEETINGS

Allied Gold Limited (Allied) announced on 4 May 2011 that the Supreme Court of Queensland, Australia had made orders for the convening of two separate meetings of the shareholders and optionholders of Allied (Scheme Meetings) to vote on two cross-conditional schemes of arrangement (Schemes).

Allied also announced that the relevant scheme booklets, notices of Scheme Meetings and instructions on how to vote (together the Scheme Documents) would be posted to Allied shareholders, optionholders and DI holders on Friday 6 May 2011.

The Scheme Documents were posted on 6 May 2011 as anticipated, save for the notice of share scheme meeting, which was omitted as the result of a duplication of the notice of option scheme meeting.

The notice of share scheme meeting has therefore been posted to Allied shareholders, optionholders and DI holders today, with optionholders also being posted an updated notice of option scheme meeting.

The following documents will be made available for download on the Company's website, www.alliedgold.com.au:

1. the scheme booklet, as sent to the Allied shareholders, optionholders and DI holders on 6 May 2011;

2. the letter sent to the Allied shareholders and DI holders on 9 May 2011 attaching the notice of share scheme meeting;

3. the letter sent to the Allied optionholders on 9 May 2011 attaching the notice of share scheme meeting and updated notice of option scheme meeting; and

4. the updated scheme booklet containing the notice of share scheme meeting and updated notice of option scheme meeting.

For further information, contact:

Allied Gold Limited

Australia - Simon Jemison Investor Relations & Media + 61 0418 853 922

Canada - Rebecca Greco Investor Relations, North America [phone]

London - David Simonson C/. Merlin PR [phone]

Beaumont Cornish Limited (the Company's nominated adviser)

Roland Cornish

T: [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

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