CRITICAL RESOURCES LIMITED — Capital/Financing Update 2013

Oct 16, 2013

ASX Release 17[th] October 2013

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Mount Adrah multiple target drilling underway

• 3DIP data outlines significant anomalies

• Drill testing underway – GHD009

• Drilling plan finalised to test five further targets:

• Pollux, Arcadia, Hobbs SE, Hobbs Middle East and Gemini

• Potential rapid advance in the scale of the Mt Adrah Project

Sovereign Gold Company Limited’s (Sovereign Gold) geologists have been encouraged by the extent and continuity of the pipe mineralization from the drilling of Hobbs Pipe 1 and by the correlation with nearby geology and earlier geophysics that suggest that the Mt Adrah region may host a major mineralizing event.

The data to date has been consistent with concepts of Intrusion Related Gold Systems and Sovereign Gold remains encouraged that its concepts are maintaining a high level of validity.

Sovereign Gold had previously advised that it would carry out 3D Induced Polarisation surveys in the immediate vicinity within roughly a 1200m radius. These surveys are now complete and the data continues to be interpreted, with further targets being assessed.

Processing and analysis of 3DIP data has yielded a number of substantial drill targets within the immediate vicinity of Hobbs Pipe 1 (Figure 1). Four major targets, Castor, Pollux, Arcadia and Hobbs SE have been identified as chargeability high – resistivity low anomalies suggesting potential large scale hydrothermal alteration zones that could be associated with mineralisation. A fifth target has also been identified at Gemini.

A further target at Hobbs Middle East (located 200-400m immediately to the ESE of Hobbs Pipe 1) has a subdued anomaly similar to Hobbs Pipe 1 and sits immediately above the possible diorite intrusion.

Six exploratory drill holes have been proposed in programme for the current campaign to test each target as set out in the accompanying photographic map (Figure 2).

The first of these, GHD009, is currently underway and Departmental approval is being sought for the remaining five holes.

Dr Kris Butera, CEO of Gossan Hill Gold Limited said, “Successful discovery of further gold mineralisation on any of these targets will rapidly evolve the project to a multi-cored world class project. We aim to rapidly quantify and delineate large new systems within the immediate Hobbs Pipe 1 environment, targeting significant increases to the scale and sustainability of the project. These are exciting times for the project.”

For further information please contact: Michael Leu, CEO Telephone: +61 2 9251 7177 mleu@sovereigngold.com.au

Media enquiries:

Rebecca Lawson, Mercury Consulting Mobile: +61 432 398 122 Rebecca.lawson@mercuryconsulting.com.au

ASX Release 17[th] October 2013 – Page 2

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Figure 1: 3DIP – Three dimensional image looking north of subsurface anomalies revealed by 3DIP survey – Resistivity high (red), chargeability high (green) and planned drill holes

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Figure 2: Proposed Drill Plan

ASX Release 17[th] October 2013 – Page 3

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About Sovereign Gold Company Limited

Sovereign Gold Company Limited (Sovereign Gold), (ASX: SOC) is an ASX listed company exploring primarily for gold in NSW.

Sovereign Gold acquired an 87% interest in Gossan Hill Gold Limited (Gossan Hill) in early 2013. Subsequently, additional exploration and deep drilling at Mt. Adrah (Hobbs Pipe 1) has uncovered a potentially world-class Intrusion-Related Gold System (IRGS) discovery. Evaluation is continuing. The Mt. Adrah Project is located approximately 50 km southeast of the regional NSW Centre of Wagga Wagga and 23km northwest of the historic gold mining district of Adelong.

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Location map and
geological setting, EL 6372
Location of Mount Adrah relative to
several world- class gold deposits
situated on the Gilmour Suture and
associated splays
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Sovereign Gold also holds 11 Exploration Licences over 3,240km[2] near Armidale in NSW including the historic Rocky River-Uralla Goldfields. Sovereign Gold’s aggressive exploration program in several of these licence areas for 2013 is fully funded via a joint venture (at the tenement level) with Jiangsu Geology & Engineering Co Ltd (SUGEC), a major Chinese State-owned geology enterprise.

SUGEC funded drilling, near Martins Shaft in the Uralla area, has recently confirmed the presence of another potentially large IRGS discovery.

Sovereign Gold holds 80% of Precious Metal Resources Limited (PMR) (ASX: PMR), an ASX listed exploration company. PMR holds 20 ELs and ELAs over prospective base and precious metal ground, many in close proximity to Sovereign.

About Gossan Hill Gold Limited and the Hobbs Gold Project

Gossan Hill is an unlisted exploration company with numerous IRGS gold prospects in New South Wales.

The recent acquisition of a controlling interest (87%) in Gossan Hill by Sovereign Gold provides multiple benefits for Sovereign Gold, including an expanded exploration footprint in New South Wales with an additional three quality project areas within 8 Exploration Licenses.

Prior to the acquisition by Sovereign Gold, exploration indicated the potential for a significant gold resource presence at the Gossan Hill properties and in particular, the recently discovered Hobbs IRGS deposit which should enable Sovereign Gold to rapidly deliver resource growth and leverage off its experience exploring for IRGS in New South Wales.

The Hobbs IRGS deposit is close to good infrastructure (power, transport and water) and is held within EL 6372, EL7844, EL 8127 and ELA 4868.

The Mt Adrah Project is approximately 23km north west of the township and old gold mining centre of Adelong, in central western NSW.

Hobbs Pipe 1 in EL 6372 has a JORC compliant 650,000-ounce resource, consisting of 101,000 oz Measured; 303,000 oz Indicated; and 246,000 oz Inferred at a 0.75 g/t Au cutoff.

ASX Release 17[th] October 2013 – Page 4

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Qualifying Statements

The information in this report that relates to Exploration Information is based on information compiled by Michael Leu a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists together with Dr Andrew White, a Fellow of the Australian Institute of Geoscientists and Jacob Rebek and Dr Kris Butera, Members of the Australian Institute of Geoscientists.

Mr Leu and Jacob Rebek are qualified geologists and are directors of Sovereign Gold Company Limited; Dr White is a director of Gossan Hill Gold Limited; and Dr Kris Butera is CEO and director Gossan Hill Gold Limited.

Mr Leu, Jacob Rebek, Dr White and Dr Butera have sufficient experience, which is relevant to the style of mineralization and type of deposit under consideration and to the activity, which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources. Mr Leu, Jacob Rebek, Dr White, and Dr Butera consent to the inclusion in this report of the Exploration Information in the form and context in which it appears.