Company Information for Patagonia Gold

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Company Statement

Patagonia Gold Plc is an Argentine based mining company listed on the London Alternative Investment market since 2003.

Our management and exploration teams have demonstrated the ability to find, develop and operate successful large scale gold operations at low cost. The Company is maintaining a high level of exploration activity in Argentina.

Exploration teams working in four provinces are supported by international consultants, conducting exploration on over 150 mineral properties covering 7,000 square kilometres. Patagonia Gold Plc’s is compiling a diverse geological portfolio in Argentina and is constantly looking at other opportunities for exploration and acquisition.

Patagonia Gold’s geographical focus is South America and the Company's aim is to build a portfolio of highly prospective properties which have the potential to be developed into a multi million ounce resources in order to maximize shareholders' return.

Current Operations

Santa Cruz
Patagonia Gold holds over 70 properties (expedients) in Santa Cruz, totalling approximately 200,000 hectares. This impressive portfolio of properties is composed of several drill ready targets.  

The bulk of the properties were acquired from Barrick exploration on their decision to desist from further exploration in Santa Cruz. Patagonia Gold has already completed one  programme of circa 10,000 metres of diamond and reverse circulation drilling on the very prospectives Lomada de Leiva and Breccia Sofia properties, both in the La Paloma block. Recent exploration and verification sampling has been conducted on the El Tranquilo (Cap Oeste and Breccia Valentina) and the La Manchuria properties. All three of these prospects are to be drilled in the near future.

San Juan
San Juan Province in northwest Argentina, comprises a series of north-south elongate mountain ranges that rise in altitude to the west to form the rugged Andean Cordillera (Argentina and Chile). The mountain ranges are separated by sometimes wide valleys.

The western Precordillera comprises strongly folded and faulted Palaeozoic to Cenozoic sedimentary rocks and minor volcanics. No major mineral deposits are known in this area.

In the east two major ranges of Upper Proterozoic-Lower Paleozoic metasedimentary-intrusive basement lithologies are exposed overlain in places by Mesozoic sediments and minor volcanics.

Neuquen
Neuquén Province in northern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).

Known mineralization in Neuquén province includes porphyry copper-gold (Campana Mahuida), copper skarn (Caicayen), polymetallic vein (Andacollo), and alluvial gold deposits (Rio Neuquén) but there is potential for other styles of mineralization including epithermal and sediment hosted gold.

PGSA does not currently hold any properties in Neuquén Province but is actively assessing the potential of the zone as well as an aggressive policy of appraisal of third party properties for possible JV or acquisition.

Rio Negro
Rio Negro Province in northern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).
PGSA holds a number of mineral properties, totaling approximately 26,000 hectares, including the Cerro El Morro property drilled during 2006.

Chubut
Chubut Province in southern Patagonia, Argentina, comprises an extensive area of relatively flat-lying terrain (Argentina) bounded in the west by the rugged Andean Cordillera (Argentina and Chile).

PGSA holds a number of mineral properties, totaling approximately 170,000 hectares.

The Province of Chubut imposed an Exclusion Zone in July of 2006 which covers the western section of the Province, within which exploration and mining is effectively banned for the next three years.

The Gastre Project area has been explored by reconnaisance sampling and several prospective targets drill. Currently work is been undertaken to assess the merit of further work and drilling.

Minamalu: Exploration of these areas has been on hold initially due to Meridian's state of "pause" on their Esquel gold project but more recently because of the decision of the Province of Chubut to ban exploration and mining (non alluvial) in the Cordilleran zone for the next 36 months from July of 2006. 

Geographical Spread

South America – Patagonia, Argenina (Patagonia Gold S.A.) and Chile, (Patagonia Gold S.C.M.)

Board of Directors and Key Management

Sir John Craven	(Chairman)
Carlos Miguens	(Deputy Chairman)
William Humphries	(Managing Director)
Richard Prickett	(Non-Executive Director)
Marc Sale	(Director of Operations)
Gonzalo Tanoira	(Finance Director)

Company Address 15 Upper Grosvenor Street London, United Kingdom W1K 7PJ Telephone: +44 (0)20 74097444 Facsimile: +44 (0)20 74998811 Email: info[at]patagoniagold.com Website: http://www.patagoniagold.com

Additional Address/Key Contact Registrar: Capita Registrars Northern House Woodsome Park Fenay Bridge Huddersfield West Yorkshire HD8 0LA Phone: 01484 604439 Fax: 01484 600912

Capital 357,922,913 Ordinary Shares of 1p each one

Annual General Meeting June

Year End 31 December

Nominated Brokers Matrix Group Limited One Jermyn Street London SW1Y 4UH

Nominated Advisors Strand Partners Limited 26 Mount Row London W1K 3SQ

Broker/Analyst Reports

25/02/08 - World Mining Stocks
15/10/07 - Matrix Corporate Capital

Major Shareholders

Miguens/Bemberg family and associates

Phillip Securities UK Nominees Ltd

Chase Nominees Ltd

Merrill Lynch Gold and General Fund

Related News

02/07/08 - Patagonia Gold Shifts Gears On Its Argentinian Gold Properties
18/10/07 - Patagonia Gold Makes the Numbers
28/02/07 - Patagonia Gold Buys Barrick Properties

Most Recent Statement

15/07/08 - Placing to raise £2 million
04/06/08 - Grant of options
03/06/08 - DRILLING UPDATE CAP-OESTE, MANCHURIA AND LOMADA DE LEIVA GOLD-SILVER PROJECTS
09/05/08 - PATAGONIA GOLD FORMS A STRATEGIC PARTNERSHIP WITH FOMICRUZ S.E. FOR THE DEVELOPMENT OF PROPERTIES IN SANTA CRUZ, ARGENTINA
01/05/08 - Final results for the year ended 31 December 2007
23/04/08 - DRILLING UPDATE - LA MANCHURIA 'MAIN ZONE' GOLD-SILVER PROJECT