Oxide Drilling At Hycroft Mine 

RENO, NV - Allied Nevada Gold Corp. reported an update to recent oxide drilling in the Central Zone, at its wholly owned Hycroft mine located near Winnemucca, Nevada. These holes have been drilled adjacent to the historically mined Central Pit, west of the producing Brimstone Pit. Highlights from this drilling include 32 meters grading 2.20 g/t AuEq (1.59 g/t Au and 35 g/t Ag), 27 meters grading 1.65 g/t AuEq (1.31 g/t Au and 19 g/t Ag), 44 meters grading 1.64 g/t AuEq (0.45 g/t Au and 68 g/t Ag) and 62 meters grading 1.59 g/t AuEq (0.80 g/t Au and 45 g/t Ag).

"Drilling in the Central Zone has been very encouraging with the average gold and silver grades of these recent intervals being above the gold and silver grades of the current oxide resource," commented Dave Flint, Vice President, Exploration for Allied Nevada.

This 100-hole drill program is focused on the 2,400 meter by 600 meter Central Pit, where oxide ore was historically mined. The primary objective of this drill program is to obtain assay information to upgrade inferred oxide gold and silver resource. To date, the successful results of this drill program indicate a significant potential to increase the oxide heap leachable gold and silver resource.

Year-to-date, 279 infill and exploration holes totaling 67,309 meters have been drilled at Hycroft. The exploration program for the second half of 2010 consists of an additional 160 holes. Allied Nevada's continued exploration program at Hycroft is focused on infill and expansion of the oxide and sulfide mineralization and providing material for engineering, slope stability analysis and ongoing metallurgical testing.

The company's address is 9790 Gateway Drive, Suite 200, Reno, NV 89521, (775) 358-4455, fax: (775) 358 4458, email: [email protected].