TSG.L Regulatory News (TSG)

Trans-Siberian Gold plc

US$8 million shareholder loan facilities

London: 29 September 2011 - Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L)reports that TSG's major shareholders UFG Asset Management (UFG) and AngloGold Ashanti (AGA) have agreed to provide the Company with short term loan finance, of US$5 million and US$3 million respectively, on commercial terms. Each loan is repayable 180 days after drawdown. As with the existing US$4 million UFG loan facilities and US$2.3 million AGA facility reported on 1 November 2010 and 19 April 2011, all or part of the loans may be repaid by TSG without penalty at any time before the scheduled repayment.

UFG and AGA each have an option, subject to the requisite approval of TSG's shareholders, to convert any part of their outstanding loans into TSG shares at a price equivalent to the volume weighted average price of TSG's shares for the period of 60 business days prior to notice of such conversion.

As UFG and AGA are substantial shareholders in the Company, and pursuant to AIM Rule 13, the UFG loan and AGA loan are deemed to be related party transactions. The Company's Board (except for Florian Fenner and Charles Ryan who are connected to UFG) consider, having consulted with TSG's Nominated Adviser, Seymour Pierce Limited, that the terms of the UFG loan are fair and reasonable insofar as the shareholders of TSG are concerned. On the basis of this advice the Board has approved the UFG loan.

The Company's Board consider, having consulted with Seymour Pierce Limited, that the terms of the AGA loan are fair and reasonable insofar as the shareholders of TSG are concerned. On the basis of this advice the Board has approved the AGA loan.

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