RNS Number:7101P
Allied Gold Limited
10 March 2008










For immediate release 10 March 2008



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


                                ISSUE OF EQUITY



The Company announces that a total of 500,000 Fully Paid Ordinary Shares were
issued pursuant to an exercise options at $0.50 per share. The Shares will rank,
pari passu, with all existing ordinary shares, and trading of the Shares on AIM
is expected to commence on 14 March.


This brings the total shares on issue to 357,186,554 and total Options over
Ordinary Shares to 7,023,261, approximately 1.97% of the issued share capital.



For more information:

Mark Caruso                              T:+61 8 93533638
Managing Director
Roland Cornish                           T: +44 (0) 20 7628 3396
Beaumont Cornish Limited






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

END
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