CRITICAL RESOURCES LIMITED — M&A Activity 2012

Notice 17[th] August 2012

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Sovereign Gold Company Limited ACN 145 184 667

Company Notice - Subsection 650F(1) of the Corporations Act 2001

Notice Declaring the Offer free of all Defeating Conditions

Sovereign Gold Company Limited ACN 145 184 667

Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500

Contact Michael Leu CEO

email: [email protected]

Latest News www.sovereigngold.com.au

• To: Precious Metal Resources Limited ACN 145 105 148 (PMR)

ASX Limited

This notice is given by Sovereign Gold Company Limited ACN 145 184 667 (Sovereign Gold) in relation to its off-market takeover offer dated 20 July 2012 for all the ordinary shares in PMR (Offer) as set out in Sovereign Gold’s bidder’s statement dated 20 July 2012 (Bidder’s Statement).

This notice should be read together with the Bidder’s Statement. Terms used in this Notice have the same meaning as in the Bidder’s Statement.

NOTICE DECLARING THE OFFER FREE OF ALL DEFEATING CONDITIONS

Sovereign Gold gives notice, pursuant to section 650F(1) of the Corporations Act and section 12.13 of the Bidder’s Statement, that the Offer contained in the Bidder’s Statement, and each contract formed pursuant to acceptances of the Offer, is free from all of the Defeating Conditions set out in section 13 of the Bidder’s Statement, being more particularly:

1. Regulatory approvals;

Directors / Officers John Dawkins AO Michael Leu Peter Meers Jacob Rebek

1. No restraint adversely affecting the Offer;

2. Conduct of PMR’s business;

3. No Prescribed Occurrence;

4. No Material Adverse Change; and

ASX Symbol: SOC

Sovereign Gold Company is exploring for large Intrusion-Related Gold Systems in New South Wales.

Sovereign Gold’s project area covers over 2,650 square kilometres.

The principal project is located around the township of Uralla, 21km southwest of Armidale, New South Wales, Australia, with superb infrastructure logistics. It is close to major roads, rail, airport, labour source, university, power, and engineering.

1. Representations are not untrue or incorrect.

Sovereign Gold’s voting power in PMR

Sovereign Gold’s voting power in PMR at the time of giving this notice is 80.85%.

Dated 17 August 2012

Available production records indicate that the Rocky River-Uralla Goldfield yielded 5,193 kg (approximately 167,000 ounces) of gold mostly from Tertiary deep leads during the period 1858-1967.

Sovereign Gold’s exploration objective is to locate the hard rock ore sources.