Allied Nevada Reports Fourth Quarter Operational Progress;

Allied Nevada Reports Fourth Quarter Operational Progress; Quarter to
Date Record Ore Tons Placed 
RENO, NEVADA -- (Marketwire) -- 11/28/12 -- Allied Nevada Gold Corp.
("Allied Nevada", "we", "us", "our" or the "Company") (TSX:ANV)(NYSE
Amex:ANV)(NYSE MKT:ANV) reports on fourth quarter operational
developments to date at Hycroft prior to speaking at an industry
conference on November 28, 2012. Mining rates have continued to
exceed design expectations. As previously reported, in October we
placed 4.8 million tons of ore containing approximately 30,000
recoverable ounces of gold and mined at an average strip ratio of
0.45:1. Through November 26th, we have placed 4.5 million tons of ore
containing an estimated 29,500 ounces of recoverable gold and mined
at an average strip ratio of 0.30:1. The average waste to ore ratio
in the fourth quarter to date of 0.39:1 has been well below the life
of mine average, as expected. Solution stacking continues to improve
solution grades with a 23% increase in current solution grades being
processed compared with the beginning of October. For the fourth
quarter, through November 26th, approximately 30,000 ounces of gold
and approximately 175,000 ounces of silver have been or are available
to be sold. 
Significant progress has been made on our expansion plans including,
the foundation work for the crushing system, ground preparation for
the north leach pad and new 20,000 gallon per minute Merrill-Crowe
plant. The final major components of the gyratory crusher have begun
arriving on site, ahead of schedule. Since the beginning of November,
five new haul trucks have been placed into operation and two more are
expected to be in operation by the end of the month.  
Cautionary Statement Regarding Forward Looking Information 
This press release contains forward-looking statements within the
meaning of the U.S. Securities Act of 1933, the U.S. Securities
Exchange Act of 1934 (and the equivalent under Canadian securities
laws) and the Private Securities Litigation Reform Act, that are
intended to be covered by the safe harbor created by such sections.
Statements that are not historical fact are forward-looking
statements. Forward-looking statements can be identified by, among
other things, the use of forward-looking language,
 such as the words
"plan," "believe," "expect," "anticipate," "intend," "estimate,"
"project," "may," "will," "would," "could," "should," "seeks," or
"scheduled to," or other similar words, or the negative of these
terms or other variations of these terms or comparable language, or
by discussion of strategy or intentions. Such forward-looking
statements include, without limitation, statements regarding the
results and indications of exploration drilling currently underway at
Hycroft; delays in processing gold and silver, the potential for
confirming, upgrading and expanding gold and silver mineralized
material at Hycroft; reserve and resource estimates and the timing of
the release of updated estimates; estimates of gold and silver grades
and recovery rates; anticipated costs, project economics, the
realization of expansion and construction activities and the timing
thereof and other statements that are not historical facts.
Forward-looking statements address activities, events or developments
that Allied Nevada expects or anticipates will or may occur in the
future, and are based on current expectations and assumptions.
Although Allied Nevada management believes that its expectations are
based on reasonable assumptions, it can give no assurance that these
expectations will prove correct. 
Important factors that could cause actual results to differ
materially from those in the forward-looking statements include,
among others, risks that Allied Nevada's exploration and property
advancement efforts will not be successful; risks relating to
fluctuations in the price of gold and silver; the inherently
hazardous nature of mining-related activities; uncertainties
concerning reserve and resource estimates; uncertainties relating to
obtaining approvals and permits from governmental regulatory
authorities; and availability and timing of capital for financing the
Company's exploration and development activities, including the
uncertainty of being able to raise capital on favorable terms or at
all; as well as those factors discussed in Allied Nevada's filings
with the U.S. Securities and Exchange Commission (the "SEC")
including Allied Nevada's latest Annual Report on Form 10-K and its
other SEC filings (and Canadian filings) including, without
limitation, its latest Quarterly Report on Form 10-Q (which may be
secured from us, either directly or from our website at or at the SEC website The Company
does not intend to publicly update any forward-looking statements,
whether as a result of new information, future events, or otherwise,
except as may be required under applicable securities laws.
Allied Nevada Gold Corp.
Scott Caldwell
President & CEO
(775) 358-4455 
Allied Nevada Gold Corp.
Tracey Thom
Vice President, Investor Relations
(775) 789-0119
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