Directorate Change

Scotgold Resources Limited

9 October 2017

Scotgold Resources Limited

Appointment of Director

The Directors of Scotgold Resources Limited (AIM:SGZ) wish to announce the appointment of Richard Barker as a director of the Company effective immediately. Mr Barker is a corporate advisor with extensive experience within Australia and the UK in the oil and gas and mining sectors. Mr Barker is based in Perth, Western Australia and will continue to act in his role as Company Secretary for the Company in addition to taking up the directorship.

The Board welcomes Mr Barker as a director of the Company and looks forward to his valuable input.

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

Regulatory disclosures (in accordance with Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies):

Richard Barker, aged 42, is, or has been during the last five years, a director or partner of the following companies and/or partnerships:

Current directorships/partnerships:

Barston Corporation Pty Ltd