January 18, 2012

Toronto, Ontario - January 18 2012 - Patagonia Gold Plc (TSX: PAT, AIM: PGD) ("the Company") was notified on January 17, 2012 that William Humphries, Chief Executive Officer, acquired 200,000 ordinary shares of 1p each in the Company ("Ordinary Shares") on January 12, 2012 at a price of 45.86p per Ordinary Share.  Mr. Humphries is now interested in 15,093,857 Ordinary Shares, representing approximately 2.05 per cent of the Company's issued share capital.

About Patagonia Gold
Patagonia Gold Plc is an advanced mining exploration company that seeks to grow shareholder value through the acquisition, exploration and development of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on the development of two properties: the flagship Cap-Oeste project and the nearby COSE project, which is expected to begin generating free cash flow by 2013.  Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, covering approximately 800,000 hectares, being one of the largest landholders in the province of Santa Cruz.  The Company is headquartered in London, with subsidiary offices in Buenos Aires and Toronto.

Patagonia Gold is listed on the Toronto Stock Exchange (TSX) under the symbol PAT and has been listed on the AIM market of the London Stock Exchange under the symbol PGD since 2003.

PAT-G

Contact Information

Bill Humphries, CEO
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444

Philip Yee, CFO
Patagonia Gold Plc
Tel: +1 (416) 572 2007

Simon Raggett / Angela Peace
Strand Hanson Ltd
Tel: +44 (0)20 7409 3494

Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7484 3510

David Bick/Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599


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