news9 Dec 2008 07:18
Allied Gold Limited
09 December 2008

For immediate release 9 December 2008
ALLIED GOLD LIMITED ('ALLIED' OR 'THE COMPANY')
Issue of Equity and DIRECTORS DEALINGS
The Company announces that a total of 14,000,000 Options over Fully Paid Ordinary Shares were issued to Directors today pursuant to Shareholder approval obtained on 27 November 2008, on the following terms and conditions:
6,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
3,250,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon the 100,000th ounce of gold produced between 1 October 2008 and 31 December 2009.
4,000,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011, vesting upon when the Company's Share price trades at greater than $0.70 for 5 consecutive trading days.
This brings the total shares on issue to 410,994,276 and total Options over Ordinary Shares to 46,052,688 approximately 11.2% of the issued share capital.
Directors Dealings
Mark Caruso
Of the options issued above Mr Mark Caruso received the following:
4,750,000 Unlisted Options exercisable at $0.35 on or before 31 October 2011 vesting immediately.
2,250,000 Unlisted Options exercisable at $0.35 on or before 31