CRITICAL RESOURCES LIMITED — Capital/Financing Update 2016

May 23, 2016

ASX Release 24 May 2016

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Rights Issue Closed – Oversubscribed

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

Sovereign Gold Company Limited ( Company) (ASX: SOC ) advises that its 2 for 5 non-renounceable rights issue at $0.003 (Rights Issue) closed at 5pm (Sydney Time) on 20 May 2016.

The following table sets out the number of new shares to be issued to eligible shareholders with respect to the Rights Issue:

	Rights Issue Details	No. NewShares	GrossProceeds	No Subscribers
	Maximum Number of
	Shares that could beissued under the RightsIssue	393,613,914	$1,180,842	656
				220
	Shares Issued underEntitlement Offer	276,228,321	$828,685	(34% ofeligible
				shareholders)
	Shares Applied for underAdditional Share OfferScale-back	225,710,718108,325,125	$677,132$324,975	70(32% ofparticipating
	Additional Shares Issued	117,385,593	$352,157	shareholders)
	Total Shares Issued	393,613,914	$1,180,842

ASX: SOC

Mr Rocco Tassone, Managing Director commented, “On behalf of our board I thank shareholders for their support and participation in the current Rights Issue. We look forward to the journey ahead in unlocking the true potential of our Mt Adrah and Halls Peak assets, together with the potential option exercise of the Clayton Valley Lithium project.”

All applications under the Entitlement Offer will be allotted in full. No shares will be issued under the Placement facility.

Subject to finalisation, the new shares will be issued and allotted on 25 May 2016 and holding statements will be dispatched the following day.

It is the responsibility of Applicants to confirm the number of New Shares allocated to them prior to trading in New Shares. Applicants who sell New Shares before they receive notice of the number of New Shares allocated to them do so at their own risk.

Upon completion of the allotment of new shares following the Rights Issue there will be 1,385,727,659 ordinary shares on issue.

The AGM will be held on 31 May 2016 and shareholders including participants in the Rights Issue have been sent a Notice of Meeting.

The board encourages shareholders to attend the AGM and where they cannot they are encouraged to complete and return a proxy form. The Notice of Meeting (including the Proxy Form) and other recent announcements are available on the Company’s website at sovereigngold.com.au/Investors.htm.

For further information please contact:

Rocco Tassone, Managing Director Sovereign Gold Company Limited

Telephone: +61 2 9251 7177