Holding(s) in Company

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached:

Beacon Hill Resources Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

Y

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

Y

An event changing the breakdown of voting rights

Other (please specify):

Regularisation of late notification

Y

3. Full name of person(s) subject to thenotification obligation:

Maria Dolores Quiroga Moreno, Maria Victoria Quiroga Moreno and Isidoro Quiroga Moreno

4. Full name of shareholder(s)  (if different from 3.):

Siverano Nominee Inc.

Latitude Zero Financial Investment Fund

Avelade Holdings Limited

5. Date of the transaction and date onwhich the threshold is crossed orreached:

13 November 2012

The above date is the date of the last agreement entered into in respect of the voting rights deemed to be held by Maria Dolores Quiroga Moreno, Maria Victoria Quiroga Moreno and Isidoro Quiroga Moreno. For details of the dates of each of the transactions please see the cover letter to this form.

6. Date on which issuer notified:

19th February 2013

7. Threshold(s) that is/are crossed orreached:

20% (20% with respect to Maria Dolores Quiroga Moreno, Maria Victoria Quiroga Moreno and Isidoro Quiroga Moreno, Siverano Nominee Inc. and Latitude Zero Financial Investment Fund and 10% with respect to Avelade Holdings Limited)

8. Notified details:

A: Voting rights attached to shares

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights

Direct

Direct

Indirect

Direct

Indirect

Ordinary Shares

GB00BAWM8G33

Please see the cover letter for more information

Please see the cover letter for more information

22,000,000

22,000,000

1.97%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate

Exercise/Conversion Period

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date

Exercise/Conversion period

Number of voting rights instrument refers to

% of voting rights

1. Economic Arrangement

2. Convertible loan agreement (GBP)

3. Convertible loan agreement (USD) (Tranche 1)

4. Warrant for shares

5. Convertible loan agreement (USD) (Tranche 2)

6. Warrant for shares

1. Not specified

2. £0.055 (conversion price)

3. £0.04 (conversion price)

4. £0.04 per share

5. £0.04 (conversion price)

6.£0.04 per share

1. Not specified

2. 30 June 2015

3. 30 June 2015

4. 30 June 2015 or 10 business days after a takeover offer for Beacon Hill Resources Plc becomes or is declared unconditional, whichever is earlier

5. 30 June 2015

6. 30 June 2015 or 10 business days after a takeover offer for Beacon Hill Resources Plc becomes or is declared unconditional, whichever is earlier

1. Not applicable

2. 31 July 2012 to 30 June 2015

3. 12 November 2012 to 30 June 2015

4. 13 November 2012 to 30 June 2015 (or until 10 business days after a takeover offer for Beacon Hill Resources Plc becomes or is declared unconditional)

5. 7 December 2012 to 30 June 2015

6. 15 January 2013 to 30 June 2015 (or until 10 business days after a takeover offer for Beacon Hill Resources Plc becomes or is declared unconditional)

1. 120,254,896

2. 16,241,227

3. 31,050,100

4. 1,500,000

5. 31,050,100

6. 1,500,000

Nominal

Delta

1. 10.79%

2. 1.46%

3. 2.79%

4. 0.13%

5. 2.79%

6. 0.13%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

22,000,000 + 120,254,896 + 16,241,227 + 31,050,100 + 1,500,000 + 31,050,100 + 1,500,000 = 223,596,323

1.97% + 10.79% + 1.46% + 2.79% + 0.13% + 2.79% + 0.13% = 20.06%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable:

- Maria Dolores Quiroga Moreno, Maria Victoria Quiroga Moreno and Isidoro Quiroga Moreno, the ultimate holders of the voting rights of Latitude Zero Financial Investment Fund (20.06%)

- Siverano Nominee Inc., the holder of the sole management share in Latitude Zero Financial Investment Fund on behalf of Maria Dolores Quiroga Moreno, Maria Victoria Quiroga Moreno and Isidoro Quiroga Moreno (20.06%)

- Latitude Zero Financial Investment Fund (20.06%)

- Avelade Holdings Limited a wholly owned subsidiary of Latitude Zero Financial Investment Fund (10.79%)

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

Please send copy of any communication to:

Clifford Chance LLP

To the attention of Amy Mahon / Angharad Lewis

10 Upper Bank Street, London, E14 5JJ, UK

Telephone: +44 (0) 20 7006 1000

Email:

[email protected]  [email protected]

14. Contact name:

Mr. Jorge Luis Reyes

15. Contact telephone number:

022 908 6999