Planning Application

15 February 2018

Scotgold Resources Limited

Planning Application

Scotgold Resources Limited (AIM:SGZ) (the "Company" or "SGZ") is pleased to announce that the Director of Rural Planning and Development at the Loch Lomond and the Trossachs National Park Authority has issued a report recommending approval of the Company's application for the development of Cononish Gold and Silver Mine (2017/0254/MIN - Minerals Cononish Road, Tyndrum, Stirling) at the forthcoming Special Board Meeting ("Hearing"), subject to conditions and the conclusion of an S75 agreement.

A full version of the Committee Report Final, including appendices detailing the proposed conditions and proposed heads of terms for the S75 planning obligation document, together with other salient documentation are available by searching "Cononish" at the link below:

http://eplanning.lochlomond-trossachs.org/OnlinePlanning/?agree=0 

As previously announced, arrangements for the Hearing on 27 February to determine the Company's application are as follows:

· Site Visit - 10:15am, Dalrigh Car Park

· Hearing - 13:30pm, Crianlarich Village Hall

For further information please contact:

Scotgold Resources Limited Stockdale Securities Limited

Richard Gray Robert Finlay / Ed Thomas

Tel: +44 (0)1838 400 306 Tel: +44 (0)20 7601 6100

Capital Markets Consultants Smaller Company Capital Ltd

Simon Rothschild Rupert Williams

Tel +44 (0)7703 167 065 Tel: +44 (0)20 3651 2911