Allied Gold Mining PLC: Proposed PNG legislation not expected to impact Allied Gold
Published : August 24, 2011
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QUEENSLAND, AUSTRALIA--(Marketwire - August 24, 2011) -

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH PUBLICATION
RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL

24 August 2011

                       Allied Gold Mining PLC

                  ("Allied Gold" or "the Company")



      Proposed PNG legislation not expected to impact Allied Gold


Allied Gold notes recent press speculation on possible future changes
to Papua New Guinea's (PNG) resources and minerals legislation.


Allied Gold has been advised by the PNG Chamber of Mines that any
potential changes to PNG's resources and minerals legislation would be
in respect of new rather than existing projects. Allied Gold also
believes its position with regard to licences and tenure is no
different to other major gold and resource companies in PNG including
Newcrest, Xstrata, Oil Search or Chevron.


The Company remains committed to the ongoing development of the Simberi
gold project. The rights of landowners in PNG have always been well
respected by Allied Gold's Simberi operation and are recognised through
the distribution of Royalty payments.


With regard to gold production at Simberi, output remains on track
(despite unseasonably wet conditions) and the Company expects to meet
its guidance of 16,000 to 18,000 ounces for the current quarter.


At the Company's newly commissioned Gold Ridge mine in the Solomon
Islands ramp up is continuing. So far this quarter since 1 July, Gold
Ridge has produced in excess of 11,000 ounces and the Company expects
to meet its guidance of 15,000 to 20,000 ounces for the September
quarter.


For further information:

Allied Gold Mining PLC   +61 418 853 922
(Investors and Media)    Simon Jemison

RBC Capital Markets      +44 (0)20 7653 4000
(Joint Corporate Broker) Stephen Foss / Matthew Coakes / Daniel Conti

Oriel Securities Limited +44 (0)20 7710 7600
(Joint Corporate Broker) Jonathan Walker / Michael Shaw

Buchanan                 +44 (0)20 7466 5000
(Financial PR Advisor)   Bobby Morse / James Strong


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

END


Contacts: RNS Customer Services 0044-207797-4400 Email Contact http://www.rns.com
Data and Statistics for these countries : Guinea | New Guinea | Papua New Guinea | Solomon Islands | All
Gold and Silver Prices for these countries : Guinea | New Guinea | Papua New Guinea | Solomon Islands | All

Allied Gold Ltd.

PRODUCER
CODE : ALD.AX
ISIN : AU000000ALD4
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Allied Gold is a gold development stage company based in Australia.

Allied Gold produces gold, copper in Papua New Guinea, and holds various exploration projects in Australia and in Papua New Guinea.

Its main assets in production are SIMBERI MINING JV and JOHNSON CAMP (COPPER CHIEF / BURRO) in Papua New Guinea and its main exploration properties are MT DROMEDARY JV and MONAKOFF in Australia and TABAR ISLANDS in Papua New Guinea.

Allied Gold is listed in Australia. Its market capitalisation is AU$ 35.8 billions as of today (US$ 25.8 billions, € 22.6 billions).

Its stock quote reached its lowest recent point on December 12, 2003 at AU$ 0.14, and its highest recent level on May 20, 2022 at AU$ 34.32.

Allied Gold has 1 042 206 569 shares outstanding.

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In the News and Medias of Allied Gold Ltd.
4/11/2006Broker report
Financings of Allied Gold Ltd.
4/7/2011Completes A$93.8 Million Placement
Nominations of Allied Gold Ltd.
8/4/2011Mining PLC: Appointment of Joint Broker
6/13/2011: Executive Management Changes
1/8/2008 Appoints CEO as PNG mine readies for start
9/28/2007(Simberi Mining Jv) appoints PNG gold mine open pit operator
Project news of Allied Gold Ltd.
10/3/2011Mining PLC: Production Update
4/1/2011(Simberi Mining Jv): Simberi (PNG) Update-Plan to Recommence Production Later T...
4/24/2008(Simberi Mining Jv)SIMBERI GOLD EXPLORATION UPDATE
Corporate news of Allied Gold Ltd.
8/14/2012Results of Shareholder Meetings
8/2/2012St Barbara / Allied Gold: FIRB Approval Received
7/18/2012Posting of Scheme Document
7/11/2012NOTICE TO SHAREHOLDERS
6/29/2012Recommended Offer for St Barbara Limited
6/20/2012Results of Annual General Meeting
5/31/2012Mining Announces Board Member Update
4/30/2012Activities Report for March Quarter (Q1) 2012
3/7/2012announces ASX Appendix 4E Correction
3/2/2012Notification of Major interest in Shares
2/6/2012Mining announces Simberi Support
2/6/2012Mining announces Simberi Support
1/24/2012Activities report for December quarter 2011
1/5/2012December 2011 Quarter Update
10/25/2011Mining PLC: Simberi Update
10/7/2011Mining PLC - Block Listing Application
9/9/2011Mining - FTSE Indices
8/31/2011Mining PLC: Exploration Update
8/24/2011Mining PLC: Proposed PNG legislation not expected to impact ...
8/15/2011MD&A FOR QUARTER AND HALF YEAR ENDED 30 JUNE 2011
7/11/2011Mining PLC: Voting Rights and Capital
6/30/2011Mining Plc: Completion of Schemes and Commencement of Dealin...
6/17/2011: Publication of Prospectus in Connection With Proposed Move...
6/6/2011: Notification of Approval of Shareholder and Optionholder S...
5/31/2011: Notification of Cancellation of Admission to Trading on AI...
5/10/2011: Scheme of Arrangement-Notice of Shareholder Meetings
5/5/2011: Scheme of Arrangement-Court Orders Convening of Scheme Mee...
4/20/2011: UK Main Market Listing and Scheme of Arrangement
3/23/2011Holds Official Re-Opening Ceremony at Gold Ridge Gold Mine
3/6/2011: Simberi (PNG) Gold Production March Quarter Guidance
2/28/2011: Gold Production Imminent Commissioning Begins-Gold Ridge, ...
3/19/2008announces promising early production in PNG
8/2/2007Major hedge coup for Allied Gold
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