Patagonia Gold Announces Director Dealing

TORONTO, May 7, 2013 /CNW/ - Patagonia Gold Plc (TSX: PAT, AIM: PGD) today announced that on May 3, 2013, Carlos Miguens, chairman of the Company, bought 7,000,000 shares at 13 pence per share.  Following the transaction, Mr. Miguens is interested in 125,072,109 ordinary shares of one pence each in the Company, representing 14.62 per cent of the issued share capital of 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

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