SGZ.L Regulatory News (SGZ)

SCOTGOLD RESOURCES LIMITED ("SCOTGOLD" OR THE "COMPANY")

RESULT OF ANNUAL GENERAL MEETING 28 NOVEMBER 2011

The Company advises that the resolutions considered by shareholders at the Annual General Meeting of Scotgold Resources Limited held on 28 November 2011 were duly passed.

The results of the meeting were as follows:

1. Adoption of Remuneration Report Passed

2. Re-Election of Director - Mr P Jackson Passed

3. Ratification of Placement - 19 January 2011 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.

In Favour Against Abstain Proxy Discretion

Resolution 1 16,575,727 132,500 26,553,054 -

Resolution 2 43,213,280 48,000 - -

Resolution 3 43,141,281 120,000 - -

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