Allied Gold Limited
ASX : ALD
AIM : AGLD
TSX : ALG

Allied Gold Limited

December 15, 2009 21:43 ET

Allied Gold Announces Completion of Its Offer for Australian Solomons Gold Limited

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Allied Gold Limited ("Allied Gold") (TSX:ALG)(ASX:ALD)(AIM:AGLD) announced today that it has taken up 125,788,776 common shares ("ASG Shares") of Australian Solomons Gold Limited ("ASG") pursuant to its offer dated October 2, 2009 (the "Offer") to acquire all of the ASG Shares. The Offer expired at 8:00 p.m. (Toronto time) on December 14, 2009. The ASG Shares taken up under the Offer represent 96.90% of the outstanding ASG Shares.

Allied Gold intends to acquire the ASG Shares that were not tendered to the Offer by exercising its statutory right of compulsory acquisition pursuant to the Australian Corporations Act. Allied Gold also intends to apply to delist the ASG Shares from the TSX and to cause ASG to cease being a reporting issuer.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ACN 104855067

None of the ASX, TSX or London Stock Exchange plc has reviewed, and do not accept responsibility for, the adequacy or accuracy of this release.

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