SolGold Regulatory News (SOLG)

31 March 2014

SolGold Plc

("SolGold" or the "Company")

Announcement to London Stock Exchange

Admission of Previously Issued Equity

SolGold plc ("SolGold" or the "Company") has issued, and the Exchange has today admitted for trading, a total of 45,103,334 ordinary shares (of 1p each) in the capital of the Company subsequent to the equity financing announced to the market on 24 March 2014.

As announced on 27 March 2014, the Company has additionally issued a further 2,665,999 ordinary shares to Directors and Management, with these shares expected to be admitted to trading on Thursday, 3 April 2014. Following the above shares issues, the Company has a total of 652,153,202 fully-paid ordinary shares on issue. The Company also has the following options on issue:

Ø 19,256,000 options exercisable at 50p;

Ø 10,550,000 options exercisable at 28p;

Ø 7,550,000 options exercisable at 14p; and

Ø 3,000,000 options exercisable at 6p.

By order of the Board

Karl Schlobohm

Company Secretary

Contacts:

Mr Alan Martin

SolGold Plc (CEO and Managing Director) Tel: +61(0)488 223 828

amartin@solgold.com.au

Mr Nicholas Mather Tel: +61 (0)7 3303 0665

SolGold Plc (Executive Director)

nmather@solgold.com.au 

Mr Karl Schlobohm Tel: +61 (0)7 3303 0661

SolGold Plc (Company Secretary)

kschlobohm@solgold.com.au

Mr Ewan Leggat / Ms Katy Birkin Tel: +44 (0)20 3463 2260

SP Angel Corporate Finance LLP (Broker)

Ewan.leggat@spangel.co.uk  

Mr Stephen Weir Tel: +61 (0)2 9250 0048

RFC Ambrian Limited (Nominated Advisor)

stephen.weir@rfcambrian.com 

Mr Dominic Barretto / Ms Anna Legge Tel: +44 (0)20 3664 4087

Yellow Jersey PR Limited (Financial PR)

dominic@yellowjerseypr.com  

NOTES TO EDITORS

SolGold's exploration projects are located in northern Ecuador, Australia, and the Solomon Islands. In Ecuador, they consist of a JV with Cornerstone Capital Resources Inc. on the Cascabel copper-gold project. In Australia, SolGold holds 100% of the Rannes, Mt Perry, Cracow West and Normanby Projects, all in southeast Queensland. In the Solomon Islands they comprise the Fauro Project (located on Fauro Island), and the Lower Koloula, Malukuna and Kuma licenses which are located on Guadalcanal.

The Cascabel copper-gold project is located approximately 180 km by sealed road north of Ecuador's capital, Quito, 20 km south of the Colombian border, and 75 km inland from the coastal city of San Lorenzo.

At the Rannes project SolGold has announced indicated and inferred resources of 18.7 million tonnes at 0.9 g/t gold equivalent (gold + silver) for 550,146 ounces of gold equivalent (296,657 ounces of gold and 10,137,736 ounces of silver; see announcement dated 23 May 2012 for details of the resource statement and gold equivalent ratios). The Rannes project is currently under review.

In the Solomon Islands, a soil geochemical survey and 3D modelling of magnetic data is being considered at Kuma, while a JV partner is being sought for the Fauro project to pursue drilling of gold-copper targets defined in the 2011 exploration program.

SolGold's objective is to create substantial shareholder value by discovering and defining world class copper-gold deposits.

SolGold's Board includes accomplished professionals with strong track records in the areas of exploration, mine development, investment, finance and law. Board and Management have significantly vested interests in the Company, holding approximately 13% of its issued share capital.

SolGold is based in Brisbane, Queensland, Australia. The Company listed on the AIM market operated by the London Stock Exchange plc in 2006, under the AIM code 'SOLG' and currently has a total of 652,153,202 fully-paid ordinary shares on issue. The Company also has 19,256,000 options exercisable at 50p, 10,550,000 options exercisable at 28p, 7,550,000 options exercisable at 14p, and 3,000,000 options exercisable at 6p on issue.