The Company announces that, following the exercise of share options ("Options"), application has been made for the admission of 3,281,000 ordinary shares of 1p each in the Company ("New Ordinary Shares") to trading on AIM.

Details of the Options which have been exercised by a director are set out below:

Director Options exercised Exercise price Resultant shareholding % shareholding
Gonzalo Tanoira 1,281,000 8p 8,424,255 0.981

The New Ordinary Shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on Wednesday, 29 January 2014.

Following admission of the new shares, the total number of voting rights in the Company's ordinary shares will be 858,933,565.

Enquiries:

Bill Humphries, CEO
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444

David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599

Angela Hallett/James Dance
Strand Hanson Limited
Tel: +44 (0)20 7409 3494

Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510


distributed by