CRITICAL RESOURCES LIMITED — Capital/Financing Update 2011

Jul 6, 2011

ASX Release 7th July 2011

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Sovereign Gold Company Limited ACN 145 184 667

Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500

Contact Nick Raffan CEO

email: nraffan@sovereigngold.com.au

Latest News www.sovereigngold.com.au

Directors / Officers John Dawkins AO Nick Raffan Michael Leu Peter Meers Jacob Rebek

ASX Symbol: SOC

Qualifying Statement

The information in this Report that relates to Exploration Information is based on information compiled by Michael Leu who is a member of the Australian Institute of Geoscientists.

Mr Leu is a qualified geologist and is a director of Sovereign Gold Company Limited.

Mr Leu has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of exploration Results, Mineral Resources and Ore Resources. Mr Leu consents to the inclusion in this announcement of the Exploration Information in the form and context in which it appears.

Targets

The potential quantity and grade of exploration targets is conceptual in nature, there has been insufficient exploration to define a Mineral Resource and it is uncertain if further exploration will result in the determination of a Mineral Resource.

Good gold grades continue at Martin’s Shaft

Highlights

• Diamond drill hole No 4 intersected 18 metres of mineralisation from 53m downhole to 70m at an average grade of 3.51 grams per tonne gold.

• Intersection includes 7m averaging 7.47 g/t with a 3m section at an average grade of 10.86 g/t gold.

• At 46m downhole, the assay included 1.1% antimony that shows potential for a by-product credit.

• Over the high-grade gold intersection of 7m, silver ranged between 1.13 g/t and 67.8 g/t (+2.0 ounces); indicating a potential byproduct credit.

Details

The initial diamond program was only for 1,200 metres, and this work is nearing completion.

The infill diamond program of 11 holes has been completed at Martins Shaft. Diamond holes have also been completed at Gracie, Little Gracie, and the drill rig has moved to Wilson’s Creek.

Gold and Silver Intercepts Diamond Drill Hole, SGRDD004, Martins Shaft 18 metres at 3.51 g/t gold includes 7 metres at 7.47 g/t gold[1]

DDH-4 Sample	From To Gold Au Silver Ag
	Metres grams per tonne (g/t)
D453	52 53 0.69 2.66
D454	53 54 5.61 2.70
D455	54 55 0.02 0.23
D456	55 56 0.83 0.94
D457	56 57 0.42 1.67
D458	57 58 2.47 1.13
D459	58 59 19.60 67.80
D460	59 60 5.27 1.57
D461	60 61 7.71 5.05
D462	61 62 6.09 14.25
D463	62 63 3.58 17.20
D464	63 64 7.55 6.93
D465	64 65 0.47 0.17
D466	65 66 0.33 0.14
D467	66 67 0.85 2.49
D468	67 68 0.33 0.19
D469	68 69 0.65 0.24
D470	69 70 0.87 0.85
AVERAGE (over 18m) 3.51 7.01

1 Australian Laboratory Services Pty Ltd, QC Certificate of Analysis - BR11098686

ASX Release 7[th] July 2011 Page 2

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A second RC drilling program is being planned and will mainly consist of shallow holes of around 60 metres to better define the extent of mineralisation at Little Gracie, Gracie and Wilsons Creek, and to test as yet un-drilled targets.

There will be a second round of deeper drilling at Martin’s Shaft to test for grade and width of mineralisation with depth. For this purpose, Sovereign will contract a dual-purpose drill rig with capacity to pre-collar to a depth of 200250 metres followed by a diamond tail. These holes are unlikely to exceed 300 metres downhole depth.

Sovereign has acquired a handheld XRF analyser that will speed up the exploration process targeting anomalous pathfinder elements, arsenic, antimony and bismuth in soil and stream sediment. In addition to accelerating the pace of exploration, the handheld XRF analyser will significantly reduce the cost of assays, through field evaluation prior to laboratory analysis. Only assays supported by QC Certificates of Analysis are reported.

A low level aeromagnetic and radiometric survey is scheduled to be completed by the end of July and combined with surface geochemistry is expected to outline new targets for further exploration and drilling.

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Mineralised lode constructed with solid shading -

gold mineralisation potential present over several kilometres of strike and at depth

ASX Release 7[th] July 2011 Page 3

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Cross-section of Gold mineralised lode at Martins Shaft. Plot of Diamond Drill Hole SGRDD004 in relation to Reverse Circulation drill holes.

For further information please contact: Henry Kinstlinger, Investor Relations, Sovereign Gold Company Limited

Telephone: +61 2 9251 7177

ASX Release 7[th] July 2011 Page 4

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Sovereign Gold Rocky River-Uralla Tenements

Martins Shaft