Q1 2011 Exploration Update At Hycroft Mine 

RENO, NV - Allied Nevada Gold Corp. reported the drill results from the first quarter 2011 drill program at its wholly owned Hycroft mine located west of Winnemucca, Nevada. Highlights from step-out drilling at the Albert Zone include holes H11-3357 with an interval of 151 meters grading 1.12 g/t AuEq (0.79 g/t Au and 19.0 g/t Ag) and H11-4033 with an interval of 127 meters grading 1.26 g/t AuEq (0.72 g/t Au and 30.5 g/t Ag). This drilling indicates an extension of the Vortex Zone to the north. Vortex infill drilling highlights include 59 meters grading 2.49 g/t AuEq (2.13 g/t Au and 20.4 g/t Ag) and 56 meters grading 2.31 g/t AuEq (1.00 g/t Au and 74.8 g/t Ag).

"We have now begun the step-out portion of the 2011 drill program at Hycroft and we are excited to begin testing new areas of interest on the property," commented Scott Caldwell, President & CEO of Allied Nevada. "The drill programs of late have been largely focused on preparing for the initial milling feasibility study. With the release of our recent resource estimate, and plans to build a much larger processing plant, we are now focusing on extending the life of the mine through exploration." Allied Nevada completed 23,773 meters of drilling in 73 holes at Hycroft in the first quarter of 2011, which was designed to continue infill and engineering drilling in support of the milling feasibility study, and initiate step out drilling north of Vortex (Albert Zone) and west of the Central Zone. The exploration program for the remainder of 2011 will focus on step-out drilling and property wide exploration with a goal of expanding the resource base. The company's address is 9790 Gateway Drive, Suite 200, Reno, NV 89521, (775) 358-4455, fax: (775) 358 4458, email: [email protected].