Patagonia Gold Plc is a gold and silver exploration and development company operating in Argentina with a focus on the southern Patagonian provinces of Santa Cruz and Chubut. The Company’s principal business is to hold investments in mineral exploration companies involved in identifying, acquiring and developing technically and economically sound mineral projects, either on its own or with joint-venture partners. Management is based in Buenos Aires, London, and Toronto and the principal exploration office is located in Perito Moreno, Santa Cruz, Argentin

The Company holds its principal properties, including the Cap-Oeste, COSE, Lomada de Leiva and La Manchuria gold and silver projects and related properties, through its 90%-owned Argentinean subsidiary, Patagonia Gold S.A. (“PGSA”). Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, covering approximately 800,000 hectares, being one of the largest landholders in the very prospective province of Santa Cruz. The Company has developed a portfolio of highly-prospective, grassroot and more advanced projects, with many that exhibit the potential to host high-grade, gold-silver vein systems. The Company is currently focused on growing its mineral resources and advancing them into production. The Company’s aim is to become a 200,000 ounce per annum gold equivalent producer by 2015.

Patagonia Gold is currently focusing primarily on exploration in the Santa Cruz province of Argentina through its 90%-owned Argentinean subsidiary Patagonia Gold S.A. (“PGSA”). The Company considers Santa Cruz to be a mining-friendly province and the province has active mining and petroleum industries. The volcanic plateau of the Deseado massif of Santa Cruz is six million hectares in area and hosts several mines, including Cerro Vanguardia, Mina Martha, Manantial Espejo and San Jose Huevos Verdes, as well as various advanced projects such as Cerro Negro and Cerro Moro. As a consequence, Santa Cruz benefits from existing infrastructure and a workforce that understands exploration and mining. In addition, these projects are predominantly low sulphidation epithermal, “bonanza” vein style gold-silver deposits and their brecciated equivalent. This geological trait is the main target for exploration in this region.

The Company holds a number of advanced exploration projects in Santa Cruz and is concentrating exploration efforts on three distinct property blocks, being the El Tranquilo, La Manchuria and La Paloma property blocks, all of which are held through PGSA.

Since the acquisition of the properties under the Barrick Agreement in 2007, Patagonia has rapidly grown through successful exploration and development. As at October 31, 2011, the Company had delineated four NI 43-101-compliant gold resources on the Cap-Oeste, COSE, La Manchuria and Lomada projects.

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