Patagonia Gold Plc provides production guidance for the year 2017 and production guidance of Cap-Oeste heap leach operations for the final quarter of 2017. Total production for 2017 is estimated to be 30,950 oz AuEq (2016: 25,800 oz AuEq, 2015: 21,521 oz AuEq). The Company now expects production from the Cap-Oeste heap leach operations to be 24,850 oz AuEq for 2017 full year. Lomada continues to perform well with production exceeding expectations with production for 2017 expected to be 6,100 oz Au.

The company production from the Cap-Oeste heap leach operations to be 10,100 oz AuEq for the final quarter of 2017.

The company reported Cap-Oeste resource update. Current pit operations have now advanced to a level where high grade COSE style hypogene mineralisation has been exposed, enabling the Company to confirm the shoot's dimensions and style of mineralisation and grade below the current pit. A subsequent reinterpretation of the deeper drilling and mineralisation intersected below the current pit, has led to a material increase in the tonnage and contained Au and Ag of this non refractory style of mineralisation (which falls within the COSE style mineralisation). An updated JORC compliant resource model has been completed by CUBE Consulting to report on the ore below the current pit and shows a material increase in the COSE type mineralisation, which can be treated via cyanide leaching, in the Cap-Oeste resource (Measured and Indicated) which is now approximately 295,000 oz AuEq at an average grade of approximately 19.40 g/t AuEq. The current pit, which is expected to be completed in March 2018, as at the end of August 2017, still contains 578,347t at 3.32 g/t Au and 131 g/t Ag for 61,875 oz Au and 2.44 Moz Ag for a total AuEq contained oz of 96,994 oz and has not been included in the updated JORC Code Compliant resource.