Patagonia Gold — Proxy Solicitation & Information Statement 2020

Jan 18, 2020

PATAGONIA GOLD CORP.

Have questions about this notice? Call the Toll Free Number below or scan the QR code to find out more.

Toll Free 1-866 964-0492

www.computershare.com/noticeandaccess

Notice of Availability of Proxy Materials for PATAGONIA GOLD CORP. Annual and Special Meeting

Meeting Date and Location:

When: February 18, 2020 10:00 am (Pacific Time)

Where: 2200 HSBC Building, 885 West Georgia Street, Vancouver, BC, V6C 3E8

You are receiving this notice to advise that the proxy materials for the above noted securityholders' meeting are available on the Internet. This communication presents only an overview of the more complete proxy materials that are available to you on the Internet. We remind you to access and review all of the important information contained in the information circular and other proxy materials before voting.

The information circular and other relevant materials are available at:

http://patagoniagold.com/investors/shareholder-meetings/

OR

www.sedar.com

How to Obtain Paper Copies of the Proxy Materials

Securityholders may request to receive paper copies of the current meeting materials by mail at no cost. Requests for paper copies may be made using your Control Number as it appears on your enclosed Proxy or Voting Instruction Form. To ensure you receive the materials in advance of the voting deadline and meeting date, all requests must be received no later than February 7, 2020. If you do request the current materials, please note that another Proxy or Voting Instruction Form will not be sent; please retain your current one for voting purposes.

Request materials by calling Toll Free, within North America - 1-866-962-0498 or direct, from Outside of North America - (514) 982-8716 and entering your control number as indicated on your Proxy or Voting Instruction Form.

To obtain paper copies of the materials after the meeting date, please contact 514-982-8716

Computershare

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Securityholder Meeting Notice

The resolutions to be voted on at the meeting are listed below along with the Sections within the Information Circular where disclosure regarding the matter can be found.

1. Election of Directors - "Particulars of matters to be acted upon at the meeting – Election of Directors"
2. Appointment of Auditors - "Particulars of matters to be acted upon at the meeting – Appointment of Auditor"
3. Re-approval of Stock Option Plan - "Particulars of matters to be acted upon at the meeting – Re-Approval of the Stock Option Plan"

Voting

PLEASE NOTE - YOU CANNOT VOTE BY RETURNING THIS NOTICE. To vote your securities you must vote using the methods reflected on your enclosed Proxy or Voting Instruction Form. Your Proxy/Voting Instruction Form must be received by 10:00 am, Pacific Time on February 13, 2020.

PLEASE VIEW THE INFORMATION CIRCULAR PRIOR TO VOTING

Annual Financial statement delivery

• Only Registered and Beneficial holders who opted to receive one