20  April  2015  

GoldBridges Global Resources plc

("GoldBridges"  or  the  "Company")  

Completion of £3.4 million Subscription

GoldBridges   Global   Resources   plc   (LSE:   GBGR),   the   gold   mining   and   development   company,   is   pleased   to  announce  that  it  has  raised  gross  proceeds  of  approximately  £3.4  million  through  a  subscription  of  123,000,000  new  Ordinary  Shares  of  0.1  pence  each  (the  "Subscription  Shares")  through  Visor  Capital  (UK)  Limited  ("Visor"),  who   acted   as   broker   on   behalf   of   the   Company   in   relation   to   the   subscription,   at   a   price   of   2.8   pence   per  Ordinary   Share   (the   "Subscription").     This   was   at   a   premium   of   6.67%   to   the   closing   price   on   17   April   2015   of  

2.625  pence  per  share.  

The   net   proceeds   of   the   Subscription   will   be   used   for   general   working   capital   purposes,   and   will   form   part   of  the   funding   to   enable   the   Company   to   develop   the   underground   mine   at   Sekisovskoye   in   accordance   with   the  Company's  business  plan.  

The   Company   has   applied   for   admission   of   the   Subscription   Shares   to   trading   on   the   Official   List   of   the   UK  Listing   Authority   (by   way   of   a   Standard   Listing   under   Chapter   14   of   the   Listing   Rules)   and   to   trading   on   the  London  Stock  Exchange's  Main  Market  for  listed  securities  ("Admission").  Admission  of  the  Subscription  Shares,  which  will  rank  pari passu  in  all  respects  with  the  existing  Ordinary  Shares  of  the  Company,  is  expected  to  occur  on  or  around  24  April  2015.  

Total Voting Rights

The   Company   has   no   Ordinary   Shares   held   in   treasury.   The   total   number   of   voting   rights   in   the   Company  following   the   Subscription   will   therefore   be   2,334,342,130.   This   figure   may   be   used   by   shareholders   in   the  Company   as   the   denominator   for   the   calculations   by   which   they   will   determine   if   they   are   required   to   notify  their   interest   in,   or   a   change   in   their   interest   in,   the   share   capital   of   the   Company   under   the   FCA's   Disclosure  and  Transparency  Rules.  

For further information please contact:

GoldBridges Global Resources Plc

Louise  Wrathall  +44  (0)  207  932  2456  

Strand Hanson (Financial Adviser and Joint Broker)

Andrew  Emmott  /  James  Spinney  /  Ritchie  Balmer  +44  (0)  207  409  3494  

Cantor Fitzgerald Europe (Joint Broker)

Stewart  Dickson  /  Jeremy  Stephenson  +44  (0)  207  894  7000  

Bell Pottinger (Financial PR)

Daniel  Thole  /  Marianna  Bowes  /  Richard  Crowley  +44  (0)  203  772 2500    

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Information on the Company

The   Company   is   a   gold   mining,   exploration   and   development   group   based   in   Kazakhstan.   Whilst   the   Company  was   initially   established   to   develop   and   operate   the   Sekisovskoye   gold   and   silver   mine   in   the   East   Kazakhstan  Region,   it   is   now   actively   targeting   additional   gold   mining   opportunities   in   Kazakhstan,   including   the  prospective  Karasuyskoye  ore  field  which  adjoins  the  Sekisovskoye  deposit.    

The   Company's   principal   assets   is   the   exclusive   right   to   explore   and   extract   gold   and   silver   ore   from   the  Sekisovskoye   deposit   in   the   Glubokovsky   District   of   the   East   Kazakhstan   Region,   and   the   potential   to   develop  the  Karasuyskoye  ore  fields.  The  Company  holds  a  100  per  cent  shareholding  in  DTOO  Gornorudnoe  Predpriatie  Sekisovskoye   ("DGPS")   which   holds   a   subsoil   use   contract   in   relation   to   the   Sekisovskoye   deposit,   covering   a  total   area   of   0.855km².   The   subsoil   use   contract   is   valid   until   2020   and   the   Company   currently   intends   to   seek  to   extend   the   contract   in   accordance   with   its   terms.   The   Company   also   holds   a   100%   shareholding   in   DTOO  Altai   Ken-­‐Bayitu   LLP   which   owns   and   operates   the   processing   plant   at   the   Sekisovskoye   deposit.   The  Sekisovskoye   deposit   is   located   at   the   village   of   Sekisovka,   approximately   40km   north   of   the   town   of   Ust-­‐ Kamenogorsk,  the  capital  city  of  the  East  Kazakhstan  Region.  The  current  operation  is  exploiting  two  open  pits  where  the  near-­‐vertical  deposits  extend  to  the  surface.  The  open  pits  are  nearing  their  end  of  life  in  2015,  and  the   Company   is   developing   an   underground   extension   to   exploit   the   deposits   to   depth.   The   Company   intends  that  the  Sekisovskoye  deposit  shall  become  a  selective-­‐mining  underground  operation.    

The  Company  produced  approximately  30,669oz  of  gold  and  34,902oz  of  silver  in  the  year  ended  31  December  
2013  and  32,994oz  of  gold  and  41,390oz  of  silver  in  the  year  ended  31  December  2014.    

As   at   31   May   2014,   the   Company's   proven   and   probable   reserves   consisted   of   2.3Moz   of   gold   and   3.0Moz   of  silver,  and  the  Company's  measured,  indicated  and  inferred  resources  consisted  of  5.1Moz  of  gold  and  3.5Moz  of  silver,  in  each  case  as  classified  in  accordance  with  JORC.    

In   the   year   ended   31   December   2013,   the   Company's   consolidated   revenue   was   $42.4   million   and   its   EBITDA  was  US$(0.6)  million.  In  the  six  months  ended  30  June  2014,  the  Company's  consolidated  revenue  was  US$16.7  million  and  its  EBITDA  was  US$5.9  million.  

Further  details  can  be  found  in  the  Company's  website  www.goldbridgesplc.com  

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