PEARL Gold AG

Regulatory Filings • Sep 25, 2012

News Details

Ad-hoc | 25 September 2012 12:33

Pearl Gold AG successfully enters Frankfurt Stock Exchange’s General Standard

Pearl Gold AG / Key word(s): Strategic Company Decision/Regulatory Approval

25.09.2012 12:33

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Pearl Gold AG successfully enters Frankfurt Stock Exchange's General
Standard

• Companies stock listed at 10.50 Euro

• Upgrade to General Standard underlines company's growth prospects

Frankfurt, 25 September 2012 - Pearl Gold AG, a Frankfurt-based project
developer and active investor focusing on investments in West African
exploration and mining corporations, successfully entered the General
Standard of the Frankfurt Stock Exchange today. Pearl Gold, which seems to
be the only company in the Regulated Market that focuses on gold
extraction, was previously listed at the Frankfurt Stock Exchange's Open
Market / Quotation Board. Pearl Gold's stock opened at 10.50 Euro. The
company's market capitalisation now amounts to 262,500,000 Euro.

'We are very delighted that we successfully upgraded to the General
Standard today' said Lutz Hartmann, member of Pearl Gold AG's board:
'Listing our stock at Frankfurt's Regulated Market is of strategic
importance to us. On the one hand, German and international investors show
a keen interest in the considerable resources in West Africa. On the other
hand, many investors solely focus on stocks that are subject to the strict
transparency guidelines the General Standard offers. This successful
listing is a major milestone for Pearl Gold AG.' With the now successful
carried out upgrade Hartmann sees his company well positioned.

The Malian government acknowledges the importance of the project and was
represented by its Mine Minister Amadou Baba Sy at the event in Frankfurt.
'We are very happy about the participation of Mr. Baba Sy. This shows the
trustful collaboration and the recognition of our work by the Malian
government,' says Hartmann.

Pearl Gold AG's first investment, the Wassoul'Or goldmine in Mali, has
undergone a successful development especially in the past months and is
scheduled to reach its maximum production capacity by the end of the year.
In two to three years, the production capacity is to be increased
significantly. Additionally, a drilling program is currently being executed
within the concession Faboula. The results are due to be published by the
end of the year.

'West Africa offers vast opportunities in the mining sector,' said
Hartmann: 'For the time being, we are focusing on the ongoing successful
development of our current investment which holds rich potential. In the
next six months we are additionally going to evaluate different options and
discuss them.'

Pearl Gold AG

Pearl Gold AG is a project developer and active investor listed in the
General Standard of the Frankfurt Stock Exchange, based in Frankfurt. The
company focuses on investments in West African exploration and mining
corporations, especially in the field of gold and other precious metals.
The first investment of Pearl Gold is the Malian mining company Wassoul'Or,
in which Pearl Gold has a stake of 25 per cent. Wassoul'Or concentrates on
the exploration and production of gold and runs the Kodiéran gold mine in
the South of Mali. For further information as well as the securities
prospectus visit http://www.pearlgoldag.com

For Inquiries:

MSL Financial

Press@pearlgoldag.com

Tel: +49 (0) 69 6612456 8394

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

Certain information included in this news release constitutes
'forward-looking statements'. The words 'expect', 'plan', 'will', 'intend',
'estimate' and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic and competitive
uncertainties and contingencies. The Pearl Gold AG cautions the reader that
such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to be materially different from
the Company's estimated future results, performance or achievements
expressed or implied by those forward-looking statements and the
forward-looking statements are not guarantees of future performance. These
risks, uncertainties and other factors include, but are not limited to,
risks associated with the mining industry such as government regulation,
environmental and reclamation risks, title disputes or claims, success of
mining activities, future commodity prices, costs of production, possible
variation in mineral reserves, mineral resources, grade or recovery rates,
failure of plant, equipment or processes to operate as anticipated,
accidents, labour disputes, the timing of estimated future production,
capital expenditures, financial market fluctuations, requirements for
additional capital, conclusions of economic evaluations, limitations on
insurance coverage, risks associated with using third-party contractors and
inflation. The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by applicable
law.

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Financial/Corporate News and Press Releases.
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Language: English
Company: Pearl Gold AG
An der Welle 4
60322 Frankfurt
Germany
Phone: +49 (0) 69 7593 8587
Fax: +49 (0) 69 7593 8200
E-mail: info@pearlgoldag.com
Internet: www.pearlgoldag.com
ISIN: DE000A0AFGF3
WKN: A0AFGF
Listed: Regulierter Markt in Frankfurt (General Standard)

End of Announcement DGAP News-Service

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