ALLIED NEVADA GOLD CORP.

Allied Nevada Gold announced development studies at its Hycroft gold mine located near Winnemucca, Nevada. An internal study completed aimed at optimizing production levels at Hycroft, considered the implementation of a crushing and conveying system and included an analysis of various potential mining rates. The internal study considered crushing high silica content ore at Hycroft to improve gold recovery beyond the current expected average recovery of 56.6%. Historical gold recovery of crushed material from the Crofoot pit at Hycroft suggests that crushing ore may result in gold recoveries of approximately 75%, though further metallurgical testing is required to confirm those recoveries from our proven and probable reserves. This metallurgical testing will also establish expected silver recoveries for crushed ore.