Allied starts operational activities at Hycroft Mine

Allied Nevada Gold Corp., a mining company engaged in the evaluation, acquisition, exploration and advancement of gold exploration and development projects in Nevada, begins mining and leaching activities at its Hycroft Mine.

The company is loading ore on existing pads, with new pad construction scheduled for completion in the third quarter of 2008. Construction of a new site refinery has begun and is scheduled for completion late in the third quarter.

The project will begin gold production in the fourth quarter of 2008, achieving full production capacity in 2009.

The Hycroft reactivation project near Winnemucca, Nevada, involves reopening the Brimstone oxide open pit mine which has been on care and maintenance since 1998.

The plan will involve the mining and processing of ore with the heap leach extraction process. Gold and silver will be produced by utilizing a “run of mine” heap leach process and a Merrill Crowe gold recovery plant. Based upon historic gold recovery of Brimstone ores, gold recovery is estimated to average 56.6%.

Mike Doyle, Vice President of Allied Nevada Gold Corp., said he is very excited about the team of professionals working at Hycroft.

The construction and mining activities are going well, and we are on track to achieve our goal of gold production in the fourth quarter of this year, moving into commercial production in 2009. This is a real credit to the team working at Hycroft, concluded Mr. Doyle.