Patagonia Gold Announces Two New Board Members

TORONTO, April 8, 2013 /CNW/ - Patagonia Gold Plc (TSX: PAT, AIM: PGD) today announced the appointments of Manuel de Prado and Glenn Featherby as Non-Executive Directors of the Company with immediate effect.

Manuel de Prado has gained extensive experience over more than 25 years in the financial services sector. He was head of Chase Manhattan S.G.I.I.C., covering Private Banking and Asset Management in Spain and Portugal. Previously, Manuel spent more than 10 years as Managing Director at Chase Manhattan Bank, in charge of Corporate Lending and Investment Banking, in Spain. He is currently a director of Oquendo Corporate S.L. in Madrid, an independent financial advisory firm specialising in mergers and acquisitions and other corporate finance related transactions. Manuel has a BA in Economics and Business Administration from ICADE.

Glenn Featherby has over 30 years' experience in corporate advisory work and has worked extensively in the resources sector. He began his career with KPMG in Perth and London before establishing his own accounting practice in Perth in 1997. Glenn is currently executive Chairman of Hawkley Oil and Gas Limited and non-executive Chairman of Forte Energy NL, each of which are listed on the ASX. He has previously been finance director of AIM-listed Regal Petroleum Plc and a non-executive director of Canadian and AIM-listed European Goldfields Limited. Glenn is a qualified chartered accountant.

"On behalf of the Board, I am pleased to welcome Manuel de Prado and Glenn Featherby," said Carlos Miguens, Patagonia Gold´s Chairman. "Both Manuel and Glenn bring valuable experience to Patagonia Gold.  We look forward to working with them and together continue guiding the future of our company."

Manuel de Prado Eluate (aged 59):

Glenn Featherby (aged 56):

There is no further information to be disclosed pursuant to Schedule Two Part (g) of the AIM Rules for Companies.

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