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Issue of Equity

1st May 2007 16:24

Patagonia Gold PLC01 May 2007 Patagonia Gold Plc1 May 2007 Patagonia Gold Plc ('Patagonia Gold' or the 'Company') Exercise of Options The Company announces that, following the exercise of a share option, 1,920,506new ordinary shares of 1 pence each in the capital of the Company were allottedon 30 April 2007, subject to admission. Application has been made for the admission of 1,920,506 ordinary shares to trading on AIM. The shares will rank pari passu with existing ordinary shares and it is expected that admission will occur at 8.00 a.m. on 8 May 2007. Following admission of the new shares, the total number of voting rights in the Company's ordinary shares will be 334,393,501, which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Patagonia Gold under the Financial Service Authority'sDisclosure and Transparency Rules. Name of contact and telephone number for enquiries: Jeremy P GormanPatagonia Gold PlcCompany Secretary020 7935 0027 www.patagoniagold.comTrading Symbol PGD.LRegistered in England and Wales No.3994744 This information is provided by RNS The company news service from the London Stock Exchange

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Patagonia Gold
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