CRITICAL RESOURCES LIMITED — Capital/Financing Update 2016

May 30, 2016

ASX Release 31 May 2016

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 Rocco Tassone, Managing Director

e: corporate@sovereigngold.com.au

Latest News www.sovereigngold.com.au

Directors / Officers Charles Thomas (Chairman) Rocco Tassone (MD) Patrick Glovac

Clayton Valley Lithium - Nevada

• Extension to complete Due Diligence on the recently announced Clayton Valley Lithium Project.

• Project area covers approximately 3000 acres and currently comprises two Lithium Target Horizons contained within beds and brines

• 400 kilometres (3.5 hour drive) of the Tesla Mega-Factory (largest Lithium based battery manufacturer)

• Other Clayton Valley land holders include Lithium X (TSXV:LIX) and Pure Energy Minerals (TSX-V:PE) Market Cap.

Sovereign Gold Company Ltd (Sovereign Gold or the Company) (ASX Code: SOC) has secured a 7-day extension on the recently announced option agreement with Nevlith Pty Ltd to acquire 100% of the highly prospective 118 Clayton Valley Lithium claims in Nevada, USA (Clayton Valley Option). The extension will allow the board additional time to complete Due Diligence (DD).

The option agreement will now expire COB on Tuesday 7 June 2016.

Map: 118 Claim Tenures (Orange – CVE Claims)

ASX: SOC

Qualifying Statements

The information regarding the Mineral Resource is extracted from the report entitled “Hobbs Pipe Mineral Resource Update Additional Information” created 27[th] December 2013 and is available to view on sovereigngold.com.au/investors.htm.

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources or Ore Reserves, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcement.

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For further information please contact:

Rocco Tassone, Managing Director Sovereign Gold Company Limited

Telephone: +61 2 9251 7177