Allied Nevada Awards the Hycroft Expansion Project Engineering

Allied Nevada Gold Corp.

is pleased to announce that it has awarded a contract to Fluor Corporation ("Fluor") to complete the engineering and remaining procurement activities for the Hycroft Expansion Project. The scope of the contract includes completing engineering required to construct and remaining procurement requirements for the crushing plant, 130,000 ton per day mill and flotation plant, and associated facilities. It is expected that the engineering to construct the crushing plant will be completed in the first quarter of 2013 and the mill engineering to construct will be completed in the second quarter of 2014. Civil and earthworks for the crushing project have begun and it is expected that similar work for the milling facilities will begin in the first quarter of 2013. With these schedules, the crusher