Mr. Randy Buffington reports

ALLIED NEVADA ACHIEVES FOURTH QUARTER AND FULL YEAR RECORD SALES AND PRODUCTION IN 2013 AND PROVIDES 2014 GUIDANCE

Allied Nevada Gold Corp. has released fourth-quarter and full-year preliminary production and sales for 2013 and guidance for 2014.

     PRELIMINARY FOURTH-QUARTER AND FULL-YEAR 2013 PRODUCTION AND SALES, 
              AS COMPARED WITH THE SIMILAR 2012 PERIODS
                                                                            
               Three months ended   2013 vs         Years ended    2013 vs 
                     Dec. 31,          2012             Dec. 31,      2012 
                   2013      2012  Increase       2013      2012  Increase 
Sales                                                                       
Gold ounces      60,460    41,745        45%   181,941   114,705        59%
Silver ounces   352,922   215,258        64%   858,073   696,144        23%
Production                                                                  
Gold ounces      61,419    45,613        35%   190,831   136,930        39%
Silver ounces   377,314   234,129        61%   882,225   794,097        11%

"Our record sales and production achieved in 2013 are a credit to the new operating team," commented Randy Buffington, president and chief executive officer. "We have now grown our heap leach operations and the capabilities of our site management team to a level of competency that gives us the ability to focus on the next phase of the expansion, processing our sulphide material."

Record sales and production levels in both the fourth quarter of 2013 and the full year 2013 are the result of significantly increasing Allied Nevada's mining rate during 2013 and starting up its new Merrill-Crowe plant in October which allows the company to process more solution. In the second half of 2013, the company sold 113,173 ounces of gold, just shy of the total gold ounces sold for the full year in 2012 (114,705 ounces).

Allied Nevada expects to issue full 2013 financial and operating results in late February, 2014.

2014 guidance

Gold and silver sales in 2014 are expected to increase to approximately 230,000 to 250,000 ounces of gold and 1.7 million to two million ounces of silver. Allied Nevada expects to mine 34.4 million tons of ore at average grades of 0.014 ounce per ton gold and 0.35 ounce per ton silver. Approximately 10.6 million tons of the higher-grade ore are expected to be crushed before being placed on the leach pads. In addition, the company plans on mining 52.8 million tons of waste and 4.8 million tons of mill ore, which will be placed in its stockpiles. Adjusted cash costs for 2014 are expected to be in the range of $825 to $850 per ounce (with silver as a byproduct credit).

Capital expenditures in 2014 are expected to decrease significantly. Non-expansion capital expenditures are expected be less than $15-million in 2014. Exploration spending in 2014 is expected to be approximately $2.9-million, primarily for landholding payments and modest drilling to replace heap leach reserves.

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