Sovereign Gold Company Ltd.: Mount Adrah Offer Extended Supplementary Prospectus Lodged

- Mount Adrah Gold Ltd. (ASX:MTL) has issued a Second Supplementary Prospectus.

- Mount Adrah Gold Ltd. supplementary prospectus lodged with ASIC today

- Offer extended to 18 June 2014

- Sovereign Gold shareholders remain eligible to apply for shares in the priority offer


Sydney, Australia - Sovereign Gold Company Ltd. (Sovereign Gold) (ASX:SOC) advises that a supplementary prospectus for the Initial Public Offering of shares in Mount Adrah Gold Ltd. (Mount Adrah) was lodged with the Australian Securities and Investments Commission on 20 May 2014.

In the original prospectus Mount Adrah relied on the JORC 2012 streamlined Competent Person sign-off regime with respect to its Mineral Resource and exploration results by referring to previous announcements made by Sovereign Gold.

Mount Adrah Gold has now provided further disclosure and fullform Competent Persons statements, rather than the streamlined statements included in the original prospectus.

There is no change to the Mineral Resource reported in the prospectus.

The original prospectus and supplementary prospectuses can be downloaded from www.adrah.com.au

The closing date of the Offer has been extended to 18 June 2014 (unless closed early or further extended).


Initial Public Offering

The Mount Adrah IPO is for 10,000,000 Shares at an issue price of $0.20 per Share to raise a minimum of $2,000,000; additionally the Company may accept over-subscriptions for up to 5,000,000 Shares to raise up to a further $1,000,000.

All Sovereign Gold shareholders holding at least a Marketable Parcel of Sovereign Gold shares at the Record Date, 10 April 2014, are eligible to apply for shares in the priority offer, with a guaranteed allocation of shares in Mount Adrah.

The target date for listing on the ASX is now 27 June 2014, though this date may be subject to factors outside of the control of Mount Adrah.

To subscribe for Shares, applicants will need to complete the application form that is in, or accompanies, the Prospectus.

In deciding whether to acquire the Shares, applicants should read the Prospectus carefully, and if necessary seek their own taxation and investment advice.

The Prospectus (and supplementary prospectuses), including the application form is able to be viewed and downloaded at www.adrah.com.au


About Sovereign Gold Company Limited:

Sovereign Gold Company Ltd. (ASX:SOC) is an Australian-based gold exploration and development company that holds a highly prospective tenement package, for Intrusion-Related Gold Systems (IRGS), in New South Wales, Australia. Sovereign Gold holds 11 Exploration Licences covering over 3,240km2 near Armidale in NSW, including the historic Rocky River-Uralla Goldfields. Sovereign Gold's aggressive exploration program in several of these licence areas is funded via a joint venture (at the tenement level) with Jiangsu Geology & Engineering Co Ltd (SUGEC), a major Chinese State-owned geology enterprise. The other area of focus is the Mt. Adrah Project, approximately 50km southeast of the regional NSW centre of Wagga Wagga and 23km northwest of the historic mining district of Adelong, via an 87% interest in unlisted Gossan Hill Gold Limited. This area contains the recently discovered, world-class, Hobbs IRGS deposit which is currently under evaluation.



Contact:

Sovereign Gold Company Ltd.
T: +61-2-9251-7177
F: +61-2-9251-7500
E: corporate@sovereigngold.com.au
www.sovereigngold.com.au