Reabold Resources Regulatory News (RBD)

For Immediate Release

16 August 2013

REABOLD RESOURCES PLC

"Reabold Resources" or the "Company"

Conversion of Loan Notes and TVR

Reabold Resources announces that, following the approval of the Shareholders of a waiver of Rule 9 of the Takeover Code on 13 August 2013, it has received a conversion notice from Saltwind Enterprises Limited ("Saltwind" or the "Lender") in respect of the whole principle amount of the unsecured Loan Notes, details of which are set out in the Circular to Shareholders dated 29 July 2013.

Accordingly, an application has been made for 104,000,000 New Ordinary Shares to be admitted to trading on AIM and it is expected that admission will occur on or around 22 August 2013. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares.

Subsequent to the issue of the New Ordinary Shares, Saltwind is now interested in 104,000,000 Ordinary Shares representing 60.85 per cent. of the Company's issued share capital and the Concert Party, being the Lender and Jeremy Edelman, is interested in 124,000,000 Ordinary Shares, representing 72.55 per cent. of the Company's issued share capital.

Following the issue of the New Ordinary Shares the Company's share capital will comprise of 170,915,896 Ordinary Shares of 0.1p each, with voting rights, and 6,915,896 "A" deferred shares of 1.65p each. The deferred shares are non-voting, are not admitted to trading on AIM and are not entitled to any participation in the profits or the assets of the Company. Therefore the total number of Ordinary Shares with voting rights is 170,915,896 and this figure may be used by shareholders in the Company 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, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

For further information please contact:

Reabold Resources plc

Jeremy Edelman +44 (0) 20 7460 2353

Antony Samaha

Beaumont Cornish Limited

Roland Cornish +44 (0) 20 7628 3396

Felicity Geidt

Capitalised terms used, but not defined in this announcement shall have the meaning as given to them in the announcement and a circular to Shareholders (the "Circular"), which included the Notice of General Meeting, published by the Company on 29 July 2013.

A copy of the Circular is available on the Company's website www.reabold.com