31 August 2011

Mr Graham Gates

Australian Stock Exchange Limited

Level 4, 20 Bridge Street

Sydney NSW 2000

SCOTGOLD RESOURCES LIMITED – NON RENOUNCEABLE RIGHTS ISSUE

We confirm that the Company’s Non Renounceable Rights issue announced on 22 July 2011 has closed and that 28,181,626 Shares were allotted on 31 August 2011 to raise a total of

$1,409,081. Quotation is sought for these shares.

The issued capital of the company following the allotment of shares is as follows :

Issued Capital

Number

Ordinary Shares

189,510,656

Options exercisable at 8 cents before 30 April 2012

21,427,602

Holding Statements will be despatched on Wednesday 31 August 2011.

A statement setting out the names of the twenty largest shareholders of Ordinary Shares and the percentage held by each is attached.

Yours faithfully

Peter Newcomb

Company Secretary

TOP TWENTY SHAREHOLDERS

Rank

Holder

Number

%

1

Computershare Clearing Pty Ltd

45,405,039

24.0%

2

Kenglo One Limited

17,400,000

9.2%

3

Mr Shane Beatty Sadleir

14,478,481

7.6%

4

Tied Nominees Pty Ltd

4,344,449

2.3%

5

Fitel Nominees Pty Ltd

4,256,250

2.2%

6

Ms Angela Elizabeth Cusack

3,035,000

1.6%

7

Mr Christopher Richard Brown

3,000,000

1.6%

8

Banquest Pty Limited

2,459,811

1.3%

9

Mr Phillip Jackson

2,187,500

1.2%

10

Mr Jason Koo

1,908,149

1.0%

11

Stonydeep Investments Pty Ltd

1,793,124

0.9%

12

JP Morgan Nominees Australia

1,640,232

0.9%

13

Saruman Holdings Pty Ltd

1,426,639

0.8%

14

Mr John Bentley

1,350,000

0.7%

15

Mr Hong Jun Qiu & Dr Cheng Jie Qiu

1,206,492

0.6%

16

National Nominees Limited

1,104,207

0.6%

17

Robertson Architectural Services Pty Ltd

1,100,000

0.6%

18

Mr Patrick Lawrence O'Donnell

1,030,077

0.5%

19

Mr Shao Zhen He

907,500

0.5%

20

Mr Kai Oon Goh

833,333

0.4%

110,866,283

58.5%