🕐25.01.10 - 11:04 Uhr

Scotgold plans to list on AIM



25 January 2010 SCOTGOLD PLANS TO LIST ON AIM Gold exploration company, Scotgold Resources Limited ("Scotgold" or the "Company") (ASX: SGZ), advises that it has decided to seek admission for its ordinary shares to trade on the London Stock Exchanges AIM Market ("AIM").

The rules governing AIM permit companies listed on the ASX to be admitted to AIM whilst maintaining their ASX listing.

The Company has engaged Westhouse Securities Limited to act as its nominated adviser and broker. Scotgolds Chief Executive, Chris Sangster, commenting on the dual listing, said: "Scotgold has recently had a significant increase in the level of interest from British and other European investors, following the success of its resource delineation drilling at the Cononish Gold and Silver project and an increased and very promising exploration campaign in the greater Grampian Gold project which surrounds Cononish.

The secondary listing on AIM will give Scotgold greater access to this potential investor interest." "The proposed dual listing and the appointment of Westhouse provides a real opportunity to expand Scotgolds gold mining business," Mr Sangster said. Scotgold has been drilling at Cononish; To infill the existing inferred JORC Mineral Resource as part of the Companys program to advance the project to production; and To test high grade gold targets (up to 119.9g/t gold) in the recently identified eastern extension of the Cononish mineralisation. Scotgold is also exploring for gold, silver and base metals over the greater Grampian gold project which surrounds Cononish and comprises a total area of 2,200 km² which is considered to be highly prospective for gold mineralization. To view the full ASX announcement please click here. http://esp.gewru.com/download/files/12414/1060441/scotgold%20plans%20to%20list%20on%20AIM.pdf
For further information please contact: Chris Sangster Chief Executive Officer Scotgold Resources Limited Tel: +44 (0) 77 25629509 E: W: www.scotgoldresources.com Karen Oswald Account Manager, Investor Relations Professional Public Relations Tel: 08 9388 0944 / 0423 602 353 E:
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