SGZ.L Regulatory News (SGZ)

Scotgold Resources Limited

6 December 2017

Scotgold Resources Limited

Rights Issue - Extension of Acceptance Period & Online Acceptance Details

Extension of Acceptance Period

Further to the announcement of 13 November 2017 in respect of the Rights Issue, Scotgold Resources Limited (AIM:SGZ) (the "Company" or "Scotgold") advises that the period for acceptance of Entitlement and Acceptance Forms by the Company from Eligible Shareholders has been extended by 7 days. The updated timetable appears below:

Timetable

Online Acceptance Details

Scotgold wishes to advise certificated holders of shares, that the offer documents may be reviewed and rights taken up online as set out below:

Shareholders can access Investor Centre at the following address:

https://www-au.computershare.com/Investor

To access the entitlement forms:

- Click 'Access a single holding';

- Complete the login page using the SRN/HIN shown on your share certificate;

- Select 'Statements & Documents' to access the application.

If you have any issues accessing the entitlement forms please contact Computershare on: 1300 850 505 (inside Australia) and +61 3 9415 4000 (outside Australia).

Holders of DIs should contact their nominee directly to enquire as to the process for acceptance.

Capitalised terms used but not defined in this announcement are as defined in the Offer Information Statement that has been mailed to Eligible Shareholders and is available on the Company's website www.scotgoldresources.com.

For further information please contact:

Scotgold Resources Limited Stockdale Securities Limited

Richard Gray Robert Finlay / Ed Thomas

Tel: +44 (0)1838 400 306 Tel: +44 (0)20 7601 6100

Capital Markets Consultants Smaller Company Capital Ltd

Simon Rothschild Rupert Williams

Tel +44 (0)7703 167 065 Tel: +44 (0)20 3651 2911