CRITICAL RESOURCES LIMITED — Capital/Financing Update 2012

Mar 27, 2012

ASX Release 28[th] March 2012

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Chinese SOE, SUGEC to invest $4 million in IRGS exploration on EL 7768 and EL 7491

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 Michael Leu CEO

email: mleu@sovereigngold.com.au

Latest News www.sovereigngold.com.au

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Sovereign Gold Company Limited (Sovereign Gold) has entered into a cooperation and investment agreement with Jiangsu Geology and Engineering Co. Ltd. (SUGEC) of Nanjing, China to contribute $4 million toward Intrusion-Related Gold System (IRGS) exploration on EL 7768 and EL 7491 in NSW (SUGEC Gold Tenements).

(l-r) Professor Zhengyou Yu (General Manager, SUGEC), Peter Meers (Director, Sovereign Gold), Professor Jiandong Liu (Vice President)

SUGEC will fund exploration on the SUGEC Gold Tenements in the amount of $2 million over each tenement before 31 March 2014 at which time SUGEC will be entitled to a 30% interest in the respective tenement.

Sovereign Gold is exploring a large IRGS at the Rocky River-Uralla Goldfield in New South Wales.

Directors / Officers John Dawkins AO Michael Leu Peter Meers Jacob Rebek Qinjing Qiu

ASX Symbol: SOC

Sovereign Gold Company is exploring for large Intrusion-Related Gold Systems in New South Wales.

Sovereign Gold’s project area covers over 2,650 square kilometres.

The principal project is located around the township of Uralla, 21km southwest of Armidale, New South Wales, Australia, with superb infrastructure logistics. It is close to major roads, rail, airport, labour source, university, power, and engineering.

Available production records indicate that the Rocky River-Uralla Goldfield yielded 5,193 kg (approximately 167,000 ounces) of gold mostly from Tertiary deep leads during the period 1858-1967.

Sovereign Gold’s exploration objective is to locate the hard rock ore sources.

Whilst Sovereign Gold’s primary exploration focus is diamond drilling multiple targets within its 100% owned EL 6483 where Martins Shaft and Frasers Finds and other identified gold-bearing structures are located, SUGEC’s participation will enhance Sovereign Gold’s understanding of IRGS in NSW and fast track exploration and resource definition.

SUGEC’s General Manager, Professor Zhengyou Yu said, “We hope that this cooperation agreement will help to further develop mutual understanding between our two countries. It will assist us in understanding overseas mineral exploration and development, which will promote the development of SUGEC and China’s mining industry.”

Michael Leu, Sovereign’s CEO, welcomed the association with SUGEC, “Through this relationship, Sovereign Gold gains access to a wealth of experience. It brings fresh minds into the study of IRGS and will accelerate our exploration activities.”

Recent IRGS discoveries in the Tintina Gold Province in Alaska-Yukon, which is believed to be an analogous province to the New England Fold Belt, have been reported in the order of 52 million ounces.

The recent aeromagnetic survey revealed extensions of the gold channelling structures located in EL 6483 extending into the adjacent EL 7491.

The exploration program with SUGEC will expand the magnetic survey over EL 7491 to locate further potential Martins Shaft-style lodes.

For further information please contact:

Henry Kinstlinger Investor Relations

Telephone: +61 2 9251 7177

ASX Release 28[th] March 2012 - Page 2

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----- Start of picture text ----- SUGEC GoldTenements----- End of picture text -----

Sovereign Gold Tenements

	Sovereign Gold TenementsLicence NoArea Sq kmsMicksture Pty LtdEL 7491*300Biacil Holdings Pty LtdEL 6483300Uralla Gold PtyLtdEL 7700300EL 7701300IRGS Southern Gold Pty LtdEL 7767300ELA 443012IRGS Northern Gold Pty LtdEL 7766294EL 7768*300EL 7769246EL 7770300TOTAL2,652*SUGEC earning 30%