Patagonia Announces Reliance on Temporary Regulatory Filing Relief

VANCOUVER, British Columbia, April 16, 2020 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces that it intends to rely on the temporary blanket relief (“Relief”) for market participants from certain regulatory filings published by Canadian securities regulators on March 23, 2020 as a result of the COVID-19 pandemic. This Relief provides the Company with a 45-day extension to file its Financial Statements and Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2019 (the “Annual Filings”) and its Financial Statements and MD&A for the period ended March 31, 2020 (the “Q1 Filings”). Patagonia expects to file the Annual Filings on or before June 15, 2020 and the Q1 Filings on or before July 16, 2020.
The Company confirms that its management and other insiders are subject to the Company’s Insider Trading Policy and such policy reflects the principles in section 9 of National Policy 11­207. The Company also confirms that since the filing of its condensed interim Financial Statements for the period ended September 30, 2019 there have been no material business developments other than those disclosed in prior press releases.
About Patagonia GoldPatagonia 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 350 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: dean@boardmarker.netChristopher van Tienhoven, Chief Executive Officer
Patagonia Gold Corp
T: +54 11 5278 6950
E: cvantienhoven@patagoniagold.comFORWARD-LOOKING STATEMENTSThis news release contains certain forward-looking statements, including, but not limited to, expectations as to the dates on which the Company expects to file the Annual Filings and the Q1 Filings and the Company’s future plans and intentions. 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.Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.