Patagonia Gold Notice of General Meeting

TORONTO, Dec. 14, 2012 /CNW/ - The Board of Directors of Patagonia Gold PLC (TSX: PAT, AIM: PGD) announces that a circular containing a notice of General Meeting ("GM"), to be convened for 11:30 am on Tuesday, January 8, 2013 at the offices of Lawrence Graham LLP, 4 More London Riverside, London SE1 2AU, is today being sent to shareholders.

The purpose of the GM is to seek shareholder approval to renew the Board's general authorities to allot shares and to disapply statutory pre-emption rights, both of which were previously renewed at the 2012 annual general meeting but substantially utilised as a result of the recent placing and subscription.

The notice of GM and form of proxy, together with an explanatory covering letter from the Chairman, is being posted to shareholders today and can be downloaded from the Company's website at www.patagoniagold.com.

About Patagonia Gold

Patagonia Gold Plc is an advanced mining exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on the development of three projects: the flagship Cap-Oeste project, the nearby COSE project and the Lomada heap leach project, which is expected to begin generating free cash flow by 2013. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.

Patagonia Gold is listed on the Toronto Stock Exchange (TSX) under the symbol PAT and has been listed on the AIM market of the London Stock Exchange under the symbol PGD since 2003.

SOURCE: Patagonia Gold plc

For further information:

Bill Humphries / Nigel Everest
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444

Philip Yee, CFO
Patagonia Gold Plc
Tel: +1 (416) 572 2007

Colin Languedoc
Barnes Communications Inc.
Tel: +1 (416) 367-5000

Angela Hallett / James Spinney
Strand Hanson Limited
Tel: +44 (0)20 7409 3494

Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7878 3360

David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599