ANTILLES GOLD LIMITED — M&A Activity 2012

Mar 1, 2012

Registered Offi c e: 55 Kirkham R o ad Bowral NSW 2576 Austr a lia PO Box 8 46 Bowral NSW 2576 Austr a lia T: 61 2 4861 1 7 40 F: 61 2 4861 7 6 65 Email: admin@panterragold.c o m

ABN: 48 008 031 034

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ASX Release

2 March 2012

NOVUS GOLD SHAREHOLDERS VOTE IN FAVOUR OF PANTERRA GOLD’S ACQUISITION OFFER

PanTerra Gold Limited ( ASX: PGI ) ( PanTerra Gold or the “ Company ”), advises that Shareholders of Vancouver based No v us Gold Corporation (TSX: NOV) have voted in favo u r of accepting PanTerra Gold’s offer of o ne for three shares to acquire a 100% interest in Novus Gold.

The Supreme Court of British Columbi a has also approved the proposed transaction with PanTerra Gold expecting to issue around 18.4 million shares to Novus shareholders later this month to effect the acquisition.

PanTerra Gold will then take control of the exploration program for Novus Gold’s two highly prospective concessions in the Domini c an Republic:

• La Yagua

  • 99 km[2] concession along strike from Perilya’s producing Cerro de Maimon copper/gold mine

  • mineralisation is strata bou n d VMS type, same as Cerro de Maimon

  • preliminary exploration pro g rams have identified significant base/precious metals mineralisation in 5 targets, w ith grab samples grading up to 18% Cu, 13g/t Au, and 29g/t Ag

• La Paciencia

  • 86 km2 concession located 10 km east of the Pueblo Viejo refractory gold depos i t (+25M oz) being developed by Barrick/Goldcorp

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

  • prospecting to date has dis c overed elevated gold values along structural lineaments.

As PanTerra Gold enters the producti o n phase for its Las Lagunas gold and silver project in the Dominican Republic, it proposes to accelerate exploration and acquisition activity to ensure continuity of feed to its new process plant, after completion of the project in 2019.

Ends

Enquires:

Mr Brian Johnson Mr James Tyers Chairman & CEO Director of Operations Email: brianjohnson@panterrag o ld.com Email: jamestyers@panterragold.com T: +61 2 4861 1740 T: +61 2 4861 1740

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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 M ayaguano No. 2 Los C a cicazgos, Santo D omingo, Distrito Nacional T: +1 8 09 482 0876

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