Patagonia Gold Announces Director Dealing

TORONTO, May 1, 2013 /CNW/ - Patagonia Gold Plc (TSX: PAT, AIM: PGD) today announced that on April 30, 2013, Marc Sale, a director of the Company, transferred options over 1,000,000 ordinary shares of one pence each to a party connected to him.

The options that have been transferred were granted on February 18, 2004 and have an exercise price of eight pence.  Following the transfer Mr. Sale remains interested in 5,475,000 options over ordinary shares of one pence each in the Company.

About Patagonia Gold

Patagonia Gold Plc is a mining company that seeks to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on three projects: the flagship Cap-Oeste project, the nearby COSE project and the Lomada heap leach project, which is generating free cash flow. 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 AIM market of the London Stock Exchange under the symbol PGD and on the Toronto Stock Exchange (TSX) under the symbol PAT.

SOURCE: Patagonia Gold plc

For further information:

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

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

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

Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510

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

www.patagoniagold.com

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Patagonia Gold plc

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