Holding(s) in Company

Scotgold Resources Limited

("Scotgold" or the "Company")

Holding in Company

Scotgold has today received notification that Graham and Christine Donaldson have a notifiable interest in the Company's ordinary shares of no par value ("Shares") of 35,765,794 Shares representing 3.15% of Scotgold's current issued share capital.

Enquiries to:

United Kingdom:

Scotgold Resources Limited Westhouse Securities Limited Capital Markets Consultants Vicarage Capital Limited

Richard Gray

Chief Executive Officer Martin Davison Simon Rothschild Rupert Williams

Tel: +44 (0)7905 884 021 Tel: +44 (0)20 7601 6100 Tel +44 (0)7703 167 065 Tel +44(0) 20 3651 2911