Dual Listing on TSX

Patagonia Gold PLC

Patagonia Gold Dual Lists On Toronto Stock Exchange

December 6, 2011 - Patagonia Gold Plc (TSX:PAT) (AIM:PGD.L) ("Patagonia Gold", "the Company") announces it has received final approval to list its ordinary shares on the Toronto Stock Exchange ("TSX") under the symbol PAT. Trading is scheduled to begin on December 7, 2011.

"We are pleased to gain a new listing on the TSX, which will increase Patagonia's profile in the investment community," said Bill Humphries, Chief Executive Officer. ''We look forward to benefiting from the wide range of investors and greater access to capital provided by the TSX platform.''

The ordinary shares in Patagonia Gold will continue to be traded on the AIM Market of the London Stock Exchange, where it has been listed under the symbol PGD.L since 2003.

About Patagonia Gold

Patagonia Gold Plc is an advanced mining exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on the development of two properties: the flagship Cap-Oeste project, which has yielded promising exploration results, and the nearby COSE project, which is expected to begin generating free cash flow by 2013. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, covering approximately 800,000 hectares, being one of the largest landholders in the very prospective province of Santa Cruz. The Company is headquartered in London, with subsidiary offices in Buenos Aires and Toronto.

Patagonia Gold Plc will trade on the Toronto Stock Exchange under the symbol PAT and has been listed on the AIM market of the London Stock Exchange under the symbol PGD.L since 2003.

Forward-Looking Statements

This news release may contain certain information that constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices and other factors described above. The Company disclaims any obligation to update or revise any forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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