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Company Information for Allied Gold Ltd

www.alliedgold.com.au

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Company Statement

Allied Gold Limited (Allied) is an Australian-based company with gold production and exploration activities in Papua New Guinea. Its gold producing Simberi mine site is located in the Tabar Islands, with exploration for gold and other mineral resources such as copper taking place on the adjacent Tatau and Big Tabar Islands. We are also involved in the construction of gold producing infrastructure.

In 2008-09, the company produced 80,000 ounces of gold, with gold production to increase to an estimated 100,000 ounces for the fiscal year 2009-10. Allied Gold intends to ramp up total gold production to a further 200,000 ounces by 2013.

The company’s commitment to asset growth and increased shareholder value will be underpinned by the development of highly prospective projects, accelerated exploration activities and the acquisition of viable entities or resources.

Allied Gold Limited is a publicly listed company on both the Australian Stock Exchange (ASX) and the London Stock Exchange (AIM).

Current Operations

Simberi ML136

The company owned drills were initially operated by contractors but in March 2008, Allied took over full responsibility for the operation and running of the drill sections. Total control over the drilling has resulted in cost savings and has freed up geological resources to focus more closely on geology as opposed to drill operations support.

Exploration drilling consisted of reverse circulation and diamond drilling, with a strong focus on defining additional oxide resources near known deposits. A total of 227 reverse circulation (RC) holes for 16,731 metres and 17 diamond cored holes (DD) for 1,817.6 metres were drilled.

Drilling at SE Sorowar has defined a mineralised zone extending approximately 400 metres south east of the currently defined pit edge with shallow mineralisation close to the pit, but with increasing depth of gold mineralised oxide material down to 100 metres depth further away from the pit.

Tabar Island Gold Project

On 15th of November 2004, Allied Gold Limited (Allied) entered into an agreement with Simberi Gold Corporation (“SGC”) to acquire its interests in the Tabar Islands Gold Project in eastern PNG.

Under the terms of the agreement, Allied moved to an 87.5% interest in the Simberi Mining Joint Venture (ML136) on Simberi Island and a 100% interest in EL 609 which covers the remainder of the Tabar Island Group outside of ML 136.

Tatau and Big Tabar EL609

Exploration was carried out mainly on the northern end of Big Tabar Island over the Tupinda and Fotombar calderas. Previous mapping and sampling at Tupinda had identified anomalous gold and gold-coppermolybdenum zones.

In March 2008, a Letter of Intent was signed between Barrick Gold Corporation and Allied, giving Barrick the option to acquire up to 70% interest in the Exploration Licence 609 on Tatau and Big Tabar Islands, as part of the Tabar Islands Group Project, through a Farm-in and Joint Venture. Barrick is required to sole fund AUD$8M of exploration expenditure within four years to earn a 51% interest, with another AUD$12M required within the next four year period to earn a 70% interest in the exploration licence. Additionally, Barrick subscribed for 17,647,059 shares at AUD$0.85, representing 4.7% of the enlarged share capital of the company.

Barrick commenced field reconnaissance work in June 2008, and is scheduled to commence a drill program later in 2008. The drilling will be undertaken using helicopter transportable diamond drills and will commence at the Tupinda Prospect. There are currently 19 identified gold and gold-copper prospects on Tatau and Big Tabar Islands that have had no or little drilling applied. Barrick’s second target will be the Banasa gold-copper prospect located in a large extinct volcanic caldera on the southern end of Big Tabar Island. Previous exploration included a single diamond drill hole (BA01) drilled in 1989 that intersected elevated gold and copper values including 38m at 0.88g/t gold, 0.13% copper from 89m, 61m at 0.62g/t gold and 012% copper from 190m.

In 2009, Barrick intends to undertake drilling at the Kupo copper prospect located in north-west Tatau. They will also conduct an airborne geophysical EM survey over the entire Tabar Island Group in the second half of 2008. The survey will be carried out using a helicopter flying at low altitude on 400m spaced north-south lines. It is anticipated the EM technique will locate resistive zones that could represent silicification that can be associated with gold and other mineralisation.

Geographical Spread

Tabar Islands, Papua New Guinea

Board of Directors and Key Management

Mr Mark Caruso (Executive Chairman & CEO)

Mr Caruso is a Director of Zurich Bay Holdings Pty Ltd and Simto Australia Pty Ltd, both of which are involved in mining, earthmoving and civil engineering construction earthworks. Mr Caruso is also a Director of Mineral Commodities Ltd a company listed on the Australian Stock Exchange.

Mr Montague House (Non Executive Director)

Mr House, a member of the Australian Institute of Company Directors, was previously a Member of Parliament in Western Australia, having been elected in 1986, 1989, 1993, 1996 and 2001. Mr House was elected as Deputy Leader of the National Party in 1988. During his tenure as a Member of Parliament, Mr House was a member of various Parliamentary Committees and held ministerial positions. Mr House is currently Chairman of Landgate Western Australia and External Affairs Director of Latent Petroleum.

Mr Anthony Lowrie (Non Executive Director)

Mr Lowrie is currently Managing Director of ABN AMRO Bank, based in London. Having originally been a partner of Hoare Govett Ltd, which he joined in 1973, Mr Lowrie was also Chairman of ABN AMRO Asia Securities Limited. Mr Lowrie currently holds Directorships with Kenmare Resources PLC, Quadrise Fuels International, and the Edinburgh Dragon Fund. His former Directorships include JD Wetherspoon PLC and the Thai Euro Fund.

Mr Gregory Steemson (Non Executive Director)

Mr Steemson is a qualified Geologist and Geophysicist with extensive background in exploration, development and management of mining projects. He is also a Director of Mineral Commodities Limited since January 2001, and Carbine Resources Limited since December 2008. since June 2003. Former Directorships of publicly listed companies in the last three years include Sandfire Resources NL.

Mr Frank Terranova (Executive Director & CFO)

Mr Terranova is a Chartered Accountant and a member of the Finance and Treasury Association of Australia with extensive experience in corporate finance and financial risk management, predominantly within the mining and manufacturing industries. Prior to Mr Terranova’s appointment with Allied Gold Limited, he was Chief Financial Officer for Queensland Cotton Limited. He has also held many senior finance positions for various ASX-listed corporations, including a number of mining companies.

Mr Peter Torre (Company Secretary)

Mr Torre is a Principal of Torre Corporate and was previously partner of an internationally affiliated firm of Chartered Accountants, where he also held the position of Chairman - National Corporate Services Committee. Mr Torre holds a Bachelor of Business, is a Chartered Accountant, a Chartered Secretary and a member of the Australian Institute of Company Directors. Mr Torre is the Company Secretary of several ASX- listed companies, a Director of Carbine Resources Limited and ORT Limited and is one of the founders of the charity organisation “A Better Life Foundation WA”.

Mr Terence Sean Harvey (Non-Executive Director)

Company Address

34 Douglas Street
Milton
Queensland, Australia 4064


Telephone:	+61 (07) 3252 5911
Facsimile:	+61 (07) 3252 3552
Website:	http://www.alliedgold.com.au

Additional Address/Key Contact

Postal Address
PO Box 2019
Milton, Queensland
Australia 4064

Registered Office
Unit B9, 431 Roberts Road
Subiaco, Western Australia
Australia 6008

Capital

Ordinary shares on issue*: 472,643,276
Options (unlisted) on issue: 48,832,688
Market capitalisation (approx.): A$220,000,000

Year End

30 June

Nominated Brokers

Mirabaud Securities Limited
21 St James's Square
London SW1 4JP

Nominated Advisors

Beaumont Cornish Limited
5th Floor, 10-12 Copthall Ave
London EC2R 7DE

Major Shareholders

HSBC Custody Nominees (Australia) Ltd	173,955,720, 36.80
Computershare Clearing Pty Ltd	96,485,485	20.41
National Nominees Limited	33,252,116	7.04
JP Morgan Nominees Australia Limited	32,093,143	6.79
Auriongold Limited	19,237,059	4.07
Mineral Commodities Limited	11,534,379	2.44
ANZ Nominees Limited	9,561,122	2.02
Citicorp Nominees Pty Ltd	6,594,857	1.40
Nefco Nominees Pty Ltd	3,017,038	0.64
Zurich Bay Holdings Pty Ltd - Minesite Construction Account	2,907,500	0.62

Most Recent Statement

11/03/10 - Board Appointment
09/03/10 - Resource Upgrade
01/03/10 - EXPLORATION UPDATE - TATAU & BIG TABAR (PNG)
01/03/10 - ALLIED GOLD UNWINDS HEDGE BOOK
15/02/10 - Half Yearly Report and Accounts
03/02/10 - Media Release

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