Cleansing statement

RNS Number : 8383Z

Scotgold Resources Ltd

15 December 2014

NOTICE UNDER s708AA OF THE ACT

The Company hereby notifies ASX under paragraph 708AA (2) (f) of the Corporations Act 2001 (Cth) (Act) that:

(a) the Company will offer the Shares for issue without disclosure to investors under Part 6D.2 of the Act;

(b) the Company is providing this notice under paragraph 2(f) of section 708AA of the Act;

(c) as at the date of this notice the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

(d) as at the date of this notice the Company has complied with section 674 of the Act;

(e) as at the date of this notice there is no information of the type referred to in sections 708AA(8) and 708AA(9) of the Act :

(i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

(ii) that investors and their professional advisors would reasonably require for the purpose of making an informed assessment of:

(A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

(B) the rights and liabilities attaching to the Shares; and

(f) the effect the Rights Issue has had on the control of the Company, and the consequences of that effect, are set out below:

	Nathaniel le Roux	Alexander Littlejohn	Total
Shares held prior to the Offer	87,333,333	2,666,666	568,529,569
% holding prior to the Offer	15.4%	0.5%	15.9%
Entitlement shares taken up	87,333,333	2,666,666	194,965,196
Shares held following the Offer	174,666,666	5,333,332	763,494,765
% holding following the Offer	23.0%	0.7%	23.7%
Underwriting shares taken up	281,897,707	-	281,897,707
Shares held following the Underwriting	456,564,373	5,333,332	1,045,392,472
% holding following the Underwriting	43.7%	0.5%	44.2%