CRITICAL RESOURCES LIMITED — Capital/Financing Update 2016

Apr 3, 2016

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SOVEREIGN GOLD COMPANY LIMITED

ACN 145 184 667 Level 2, 131 Macquarie Street Sydney NSW 2000 T +612 9251 7177 F +612 9251 7500

04 April 2016

[Address 1] [Address 2] [Address 3] [Address 4] [Address 5]

Dear Shareholder

Non-Renounceable Rights Issue – Notification to non-qualifying foreign shareholders

On 01 April 2016, Sovereign Gold Company Limited (Sovereign Gold or the Company) announced a nonrenounceable rights issue (Rights Issue) of two (2) fully paid ordinary shares (New Shares) for every five (5) existing share held as at 7.00pm (Sydney Time) on 15 April 2016 (Record Date) to shareholders with a registered address in Australia and New Zealand (Eligible Shareholders) to raise approximately $1.2 million (before costs).

In accordance with the Listing Rules of the ASX, Sovereign Gold has considered the number of shareholders with registered addresses in various jurisdictions outside of Australia and New Zealand and the size of the shareholdings held by those shareholders. Taking this into consideration, as well as the costs of complying with the legal requirements and the requirements of the regulatory authorities relating to the shareholders with registered addresses in various jurisdictions outside of Australia and New Zealand the Company has formed the view that it is unreasonable to extend the Rights Issue to those shareholders (Ineligible Shareholders).

Unfortunately, since you are an Ineligible Shareholder, no offer is being made to you and the offer document prepared by the Company in relation to the Rights Issue will not be sent to you.

This letter is not an offer to issue New Shares to you, nor an invitation for you to apply for New Shares.

You do not have to take any further action in relation to the Rights Issue offer.

Please contact the Company Secretary on +61 2 9251 7177 if you have any queries regarding the Rights Issue or your eligibility to participate in the Rights Issue.

Yours faithfully,

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Rocco Tassone Managing Director