Grant of Options

Patagonia Gold PLC

("Patagonia Gold" or "the Company")

Grant of Options

On 19 September 2013, the Board agreed to grant options over 6,000,000 ordinary shares of 1p each ("Options") under the Company's share option arrangements, of which 5,000,000 Options were granted to a Director, being Carlos Miguens, Non-Executive Chairman. The Options are exercisable (in whole or in part) at any time up to the tenth anniversary of the date of grant and are exercisable at a price of 11.75p per ordinary share, being the closing mid-market share price on 18 September 2013.

Following the grant of Options, Mr Miguens is interested in 24,500,000 options over ordinary shares in the Company.

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 Spinney

Strand Hanson Limited

Tel: +44 (0)20 7409 3494

Rory Scott

Mirabaud Securities LLP

Tel: +44 (0)20 7484 3510