RESULT OF GENERAL MEETING

SCOTGOLD RESOURCES LIMITED

RESULT OF GENERAL MEETING 30 JULY 2014

The company advises that the resolutions considered by shareholders at the General Meeting of Scotgold Resources Limited held on 30 July 2014 were duly passed.

The results of the meeting were as follows:

1. Convertible Note Passed

2. Placement Passed

3. Approval of Security Arrangements Passed

4. Issue of Shares to Golden Matrix Passed

5. Ratification of prior issue of securities Passed

6. Issue of shares to Directors Passed

For the purposes of Section 251AA of the Corporations Act 2001 the company advises that each of the resolutions were passed on a show of hands.

Set out below is the proxy information required by Section 251AA.

Voting exclusions as described in the Notice of Meeting have been applied.

In Favour Against Abstain Proxy Discretion

Resolution 1 64,931,799 0 0 60,000

Resolution 2 64,931,799 0 0 60,000

Resolution 3 64,931,799 0 0 60,000

Resolution 4 102,265,132 0 0 60,000

Resolution 5 47,931,799 0 0 60,000

Resolution 6 91,638,195 0 0 60,000

For further information please contact:

United Kingdom:

Scotgold Resources Limited Westhouse Securities Limited Bankside Consultants

John Bentley (Chairman) Martin Davison Simon Rothschild

Tel: +44 (0)77 8592 1505

Chris Sangster (CEO)

Tel: +44 (0)77 2562 9509 Tel: +44 (0)20 7601 6100 Tel +44 (0)7703 167 065

Australia:

Scotgold Resources Limited

Peter Newcomb

(Co. Secretary)

Tel: +61 (8) 9222 5850