Result of GM/Conversion and Placing of Shares

Trans-Siberian Gold plc

 Placing to raise US$1.6 million

Equity conversion of US$5.2 million existing debt

Result of General Meeting

Total Voting Rights

LONDON: 23 March 2010 - Further to the announcement on 1 March 2010 Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L) is pleased to announce that at the General Meeting held today all the resolutions proposed were approved by shareholders.

The Company is also pleased to announce that it has successfully placed 3,533,534 new ordinary shares at 30.8 pence per share raising US$1.6 million (net of expenses) with AngloGold Ashanti Limited ("AGA") ("the Placing") and that its existing indebtedness to UFG Asset Management ("UFG") and AGA, in aggregate US$5.2 million, has been converted into new ordinary shares, also at 30.8 pence per share, resulting in the issue of 11,222,805 new shares ("the Conversion"). The new ordinary shares resulting from the Placing and the Conversion are expected to be admitted to trading on AIM on 24 March 2010.

Following the Placing and the Conversion, the total number of shares in issue notice is 99,669,370. There are no shares held in treasury. The total number of voting rights in the Company is therefore 99,669,370.

The above figure of 99,669,370 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

The Company has been informed of the following shareholdings in the Company following the Placing and Conversion:

Name Amount Percentage

UFG 53,182,557 53.36%

AGA 30,599,134 30.70%

Ends

Contacts:

TSG

Simon Olsen +44 (0) 7770 484965

Seymour Pierce

Mark Percy +44 (0) 20 7107 8000