Further re: Trilogy earn-in agreement

Patagonia Gold Plc

Further re earn-in agreement with Trilogy Mining Corporation

Patagonia Gold Plc (AIM: PGD), ("Patagonia Gold" or the "Company") announces that, further to its announcement of 9 November 2015, the Company is well advanced in its negotiations with Trilogy Mining Corporation regarding a proposed earn-in agreement to acquire up to 100 per cent. of Trilogy's Carreta Quemada and Chamizo gold projects in Uruguay (the "Projects"). Finalisation of the requisite documentation is ongoing and it is now expected that the Earn-In Agreement will be entered into by the end of January 2016.

Further updates will be made in due course as appropriate.

Contact Information

Christopher van Tienhoven

Patagonia Gold S.A.

+54 911 5278 6950

Angela Hallett/James Spinney

Strand Hanson Limited

Tel: +44 (0)20 7409 3494

Jeremy Stephenson/Stewart Dickson

Cantor Fitzgerald Europe

Tel: +44 (0)20 7894 7000