Scotgold completes delisting from ASX

Scotgold Resources Limited

21 October 2016

Scotgold Resources Limited ("Scotgold" or the "Company")

Scotgold completes delisting from ASX

Further to the announcements dated 18 August and 20 September 2016, Scotgold Resources Limited (ASX:SGZ; AIM:SGZ) confirms that the Company has now ceased trading on the ASX and that the Company will be delisted from the ASX official list today at 4pm (Sydney time) on 21 October 2016.

No change will occur to the quotation and trading of Scotgold on the London Stock Exchange's AIM market. Scotgold's securities will remain tradable as Depository Interests (DIs) on AIM under the code SGZ.

Holders of Scotgold securities which have not yet been registered as DIs may continue to hold the securities in certificated form, but they will not be publically tradeable until registered. Australian shareholders remain entitled to transfer any such shares to DIs to be traded on AIM. Detailed instructions on the options available to Australian shareholders were contained in the letter sent previously to shareholders, and will continue to be available through the Company's website.

Queries in relation to the transfer of shares to AIM may be directed to Computershare Shareholder Enquiries on (AUS) 1300 850 505, or (OS) +61 (03) 9415 4000.

For further information please contact: