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Press release from CNW Group

Patagonia Gold Notice of General Meeting

Friday, December 14, 2012

Patagonia Gold Notice of General Meeting02:00 EST Friday, December 14, 2012TORONTO, 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 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 plcFor 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