Patagonia Gold First Quarter 2020 Financial Results - Seite 2

Qualified Person’s Statement

Donald J. Birak, an independent geologist and Registered Member of SME and Fellow of AusIMM, the qualified person as defined by National Instrument 43-101 has approved the scientific and technical content of this press release.

About Patagonia Gold

Patagonia Gold Corp. is a mining and development company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina.  The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project.  Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 360 properties in several provinces of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz, Argentina.

For more information, please contact:
Dean Stuart
T: 403 617 7609
E: [e-mail]

Christopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: [phone]
E: [e-mail]

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements with respect to, among other things, the potential construction and development to production of the Cap-Oeste underground project, the results of the metallurgical tests at the Martha plant, the definitive agreement for the acquisition of the Mina Angela project, the impact of the merger of Patagonia Gold SA (PGSA) and Cerro Cazador SA, the anticipated results of the program at the Calcatreu gold / silver project, advancement and development of gold and silver projects in the Patagonia region of Argentina, anticipated growth in shareholder value, and the filing of the Company’s executive compensation disclosure. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.