ANTILLES GOLD LIMITED — M&A Activity 2012

Apr 2, 2012

Registered Office: 55 Kirkham Road Bowral NSW 2576 Australia PO Box 846 Bowral NSW 2576 Australia T: 61 2 4861 1740 F: 61 2 4861 7665 Email: admin@panterragold.com

ABN: 48 008 031 034

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ASX/Media Release

3 April 2012

NOVUS GOLD CORP - ACQUISITON COMPLETED

PanTerra Gold Limited ( ASX: PGI ) ( PanTerra Gold or the “ Company ”), advises that it has completed the acquisition of Vancouver based Novus Gold Corp (TSX-V “NOV”) by the issue of 18,412,632 PGI shares to Novus Gold shareholders (1 for 3).

PanTerra Gold has in effect acquired two exploration concessions in the Dominican Republic held by a wholly-owned subsidiary of Novus Gold.

La Yagua

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• 9900ha concession along strike from Perilya’s producing Cerro de Maimon copper/gold mine

• Preliminary exploration programs have identified significant base/precious metals mineralisation in 5 targets, with grab samples grading up to 18% Cu, 13g/t Au, and 29g/t Ag

• Mineralisation is strata bound VMS type, same as Cerro de Maimon mine

• Extension of previous soil sampling work to cover the whole concession is justified

• Drilling of first target 6 km long and open, expected in Q4/2012

La Paciencia

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• 8.600ha concession located 10 km east of the Pueblo Viejo gold deposit (+25M oz) being developed by Barrick/Goldcorp

• Underlain by same geology in Los Ranchos formation as Pueblo Viejo

• Initial exploration will focus on soil sampling and geophysics to identify drill targets

• Prospecting to date has discovered elevated gold values along structural lineaments

• Any resource is expected to be predominantly refractory, and amenable to treatment through PanTerra Gold’s Las Lagunas Albion/CIL process plant.

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Enquires: Mr Brian Johnson Chairman & CEO Email: brianjohnson@panterragold.com T: +61 2 4861 1740

Mr James Tyers Director of Operations Email: jamestyers@panterragold.com T: +61 2 4861 1740

ECUADOR

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PROJECT OFFICES: AUSTRALIA Level 5 Suite 6 3 Spring Street Sydney NSW 2000 T: + 61 2 4861 1740

DOMINICAN REPUBLIC Calle Mayaguano No. 2 Los Cacicazgos, Santo Domingo, Distrito Nacional T: +1 809 482 0876

Cdla. Vernaza Norte, Avda. Joaquin Orrantia y Leopoldo Benitez, Edif. Trade Building, Torre A. Piso 4, offc. 418, Guayaquil T: + 593 4 263 9048