18 September 2013 SolGold Plc

("SolGold" or the "Company")

Announcement to London Stock Exchange SolGold Placement 40 Million Shares at GBP0.075 to Raise GBP3.0 Million Oversubscribed

Further to the announcement made on 16 September 2013, the Board of SolGold Plc ("SolGold" or "Company"; AIM code: SOLG) is pleased to advise that the Company has entered into additional agreements for a placing of 40,000,000 new ordinary shares at GBP0.075 per share for gross proceeds of GBP3.0 million with UK institutional and other investors. The raising was managed and completed by SP Angel Corporate Finance LLP and was significantly oversubscribed. The raising was also supported by all of the Company's Directors. An updated statement of holdings for the Directors will be made following the allotment and admission of the shares.

Commenting on the fund raising, CEO Alan Martin states: "I am very pleased to see the strong level of interest in the Company and the placement oversubscribed. This additional fund raising means that we will have the flexibility to enable a smooth extension of the current Phase 1 into a Phase 2 drilling program. SolGold is in the early stages of its Phase 1 drilling program at Cascabel, a truly exciting copper