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Allied Nevada Reports Preliminary First Quarter 2011 Sales

11 April 2011

Allied Nevada Reports Preliminary First Quarter 2011 Sales of 21,241 Ounces of Gold and 59,383 Ounces of Silver, In-Line With Expectation

RENO, NEVADA–(Marketwire – April 8, 2011) – Allied Nevada Gold Corp. (“Allied Nevada” or the “Company”) (TSX:ANV)(NYSE Amex:ANV) is pleased to announce preliminary operating results for the first quarter of 2011 for its wholly owned Hycroft mine, located near Winnemucca, Nevada. The mine produced 20,718 ounces of gold and 61,751 ounces of silver in the first quarter of 2011, in-line with expectation. Per previously stated guidance, production is expected to strengthen throughout 2011 as the impact of implementing the accelerated mining plan begins to take effect. First quarter 2011 sales were slightly better than planned with 21,241 ounces of gold and 59,383 ounces of silver sold. The mine reported no safety or environmental incidents in the first quarter of 2011.

Implementation of the accelerated heap leach mining plan is progressing well. Expansion of the Merrill-Crowe plant to increase solution processing capacity from 3,500 gpm to 5,000 gpm began in the first quarter of 2011. Ground preparation to begin mining in a new area of Hycroft, Cut-5, began in January. To date, five of the 320-ton trucks are operating as part of the accelerated heap leach mining plan.

Mining equipment deliveries in connection with the accelerated heap leach plan are generally as expected. The tragic events that occurred in Japan in March, however, have delayed the delivery of a large capacity shovel that was expected to be in operation in the second quarter of 2011. Based on current information, the Company believes that the shovel will now be operational in third quarter of 2011. While the Company believes the impact of this delay may be minimal, full year 2011 production guidance is being revised to 115,000 – 125,000 ounces of gold. It is not anticipated that the delivery delay will have an impact on previously stated cost guidance of $450-$490 per ounce of gold sold1. The Company is reviewing options to mitigate any adverse effects to production.