Drilling Continues To Expand the High-Grade Zone 

RENO, NV - Allied Nevada Gold Corp. reported highlights from additional drilling in the area of the previously announced high-grade Saddle Zone at its wholly owned Hasbrouck Project, located five miles south of Tonopah, Nevada. A near-vertical hole, drilled south of discovery hole HSB11-019 and intended to test the depth and attitude of the high-grade zone, returned 85 meters of 3.0 g/t Au and 102.9 g/t Ag1 (5.3 g/t AuEq) within a larger intercept of 188 meters grading 1.9 g/t Au and 62.3 g/t Ag (3.3 g/t AuEq). Hole HSB11-047 intersected 58 meters of 2.0 g/t Au and 34.7 g/t Ag (2.7 g/t AuEq) and extended the high-grade zone to the south. The zone remains open along a northeast-southwest trend and at depth and drilling will continue to identify the extents of this zone.

In the first quarter, Allied Nevada increased the land position in the district from approximately two km2 to approximately 27 km2 to encompass geophysical anomalies identified through recent gravity surveying, zones of epithermal alteration and sites of historical mining. The Company is completing initial field work and sampling of Klondike Flats, located south of the current known resource, to design a drill program expected to begin in the second half of 2011. "We are extremely pleased with the results of drilling at Hasbrouck to date. We will continue to study the extent of this high-grade mineralization of the Saddle Zone and the potential for additional zones of a similar nature near surface and at depth," commented Dave Flint, Vice President of Exploration for Allied Nevada. "Initial mapping and sampling of the Klondike Flats area have identified zones of favorable alteration and anomalous gold mineralization, which will be the focus of our district drilling program in the second half of 2011." Hasbrouck mineralization was deposited by an epithermal hot-spring system and is accompanied by pervasive silicification and oxidization, with associated adularia and pyrite. The high-grade mineralization is hosted in intensely silicified, veined, and hydrothermally brecciated sedimentary and tuffaceous volcanic rocks. The property is located approximately 50 miles south of the Round Mountain open pit mine, a joint venture between Kinross Gold Corporation and Barrick Gold Corporation. The company's address is 9790 Gateway Drive, Suite 200, Reno, NV 89521, (775) 358-4455, fax: (775) 358 4458, email: [email protected].