Patagonia Gold Plc - OSC Issues Requested Order - Company not a Reporting Issuer in Ontario, Canada

TORONTO, Aug. 22, 2013 - Patagonia Gold Plc (AIM: PGD), the gold producer and advanced mining exploration company with gold and silver projects in the southern Patagonia region of Argentina, announces that, further to the Company's news releases on August 15, 2013 and July 5, 2013, the Ontario Securities Commission has issued a decision that Patagonia Gold is not a reporting issuer in Ontario.

The Company is not a reporting issuer in any other Canadian jurisdiction and, as a result, is no longer required to file financial statements and other continuous disclosure documents with Canadian securities regulatory authorities.

Notwithstanding the decision that the Company is not a reporting issuer in Canada, the Company will continue to file all financial statements and other continuous disclosure materials required to be filed by it in accordance with applicable laws and regulations of the United Kingdom, including rules of the Financial Conduct Authority and the AIM market of the London Stock Exchange ("AIM"). All such continuous disclosure documents of the Company are publicly available to all Patagonia Gold securityholders on the investor relations page of the Company's website at www.patagoniagold.ca and Patagonia Gold securityholders resident in Canada will continue to receive copies of continuous disclosure documents that are required to be delivered to securityholders in the United Kingdom, in the same manner and at the same time as is required under the applicable laws and regulations in the United Kingdom, including the rules of the Financial Conduct Authority and AIM.

SOURCE Patagonia Gold Plc




Contact

Bill Humphries/Nigel Everest
Patagonia Gold Plc
Tel: +44(0)20 7409 7444

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

Rory Scott
Mirabaud Securities
Tel: +44(0)20 7878 3360

Ken Barnes
Barnes Communications Inc.
Tel: +1 (416) 367 5000

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