SOLG-NEW DISCOVERY-S.Ecuador, page-67

SOLGOLD-CAPITAL RAISING £45 million announcement, 8 Nov 2017

<>Nick Mather, CEO Interview on BRR Media, UK today, 9 Nov 2017-59mins ago
"Nick Mather, CEO discusses the financing transaction that will see the co raise £45 million of capital."




<>Berenberg View-Solgold placing as above, 9 Nov 2017, 1 hr ago



(Posted previously the link who Berenberg are ie Germany*s largest private bank/award winning)

<><>Solgold Annual Report, 7 Nov 2017




Comment:

**From the said BRR Media interview of today, we learn that the said Canadian bank (within the 5th largest commercial banks in Canada) approached Solgold and that a/c to their industry rules, it is not done at a premium. The share price closed at 30 British pence prior to the said announcement. Today, the share price has n o t fallen to the placing price of 25 British pence. It is at 27.75 pence, market capitalisation £420 million.

Mr Mather explains in the said interview that they are going to use the funds for the drilling of several other Alpala^s at Cascabel, Ecuador. Alpala is only 1 of the 14 targets at Cascabel.

Mr Mather pointed out that the said placing was to drill other targets and by extension, bring more value. (para phrased)

**Berenberg points out in their "View" that this is the "F i r s t truly institutional raise (hopefully capturing the blue chip investors that f i n a n c e the mining industry). This would be a prize worth paying for as the co looks to advance this s i z e a b l e exploration opportunity."

"..Having more institutional investors on-board, particularly those who share Nick Mather (CEO) V i s i o n for the b u i l d o u t of TIER 1 copper gold porphyry d i s t r i c t, stands it in good stead for the on-going financings that will undoubedbly be required if the co continues to have this level of exploration s u c c e s s ."

**From the above Annual Report, the Pre-Feasibility Study is planned for end 2018 re: Solgold. There are also details of further tenements in Ecuador (not Cascabel).

<>From Research
(1) www.solgold.com.au/presentations/
Ref: Sep 2017 Solgold Corporation Presentation [Header: "A Global Copper Gold Monster"]

Extract: Page 5 Map - " CASCABEL- Est aggregate targets up to 10 BT @0.6% Cu & 0.6 Au (1% Cu Equiv)." Cu stands for copper and Au stands for gold. 1% Cu Equiv is the copper after taking in the gold credit. (BT stands for Billion Tons

(2) www.solgold.com.au/media-coverage/

Click>July 2017 >"Global Mining Observer- A Billion shares: One Copper Discovery-Independent Coverage of the Mining Markets"

Extract: "We think its the best discovery since OYU TOLGOI, says Toronto based banker, Bob Sangha, who has raised capital for Solgold and is a large investor via his co Maxit Capital."

(3) www.mining-technology.com/projects/oyu-tolgoi/

Extract: "Measured and Indicated resource of 2.25 Billion Tons graded at 0.94% Cu, 0.35%g/t Au & 1.15% Cu Equi as at Sep 2014.

Inferred resources stood at 4.2 Billion Tonnes graded at 0.35% Cu & 0.27% g/t Au, 75ppm Mo & 0.73% CU EQ."

(4) www.solgold.com.au/media-coverage/

Click>July 2017 - "Paradigm Capital- Uncovering a Behemoth in Ecuador."

Extract:
"Speculative Buy- 50 British pence, 12 Month Target -Initiating Coverage. Pg 7- Copper d e v e l o p m e n t co^s can be roughly v a l u e d at a Value-In-The-Ground method based on M & A transactions ......this provides an approximate value of US$690 million, very similar to the current Enterprise Value of the co (US$745 million mkt cap less US$70m in cash after the recent investment by Newcrest)."

"Consequently, the market is NOT PAYING for any ADDITIONAL exploration success at Alpala or some of the exploration targets on the Cascabel project. We have taken the bold step of modeling the Alpala deposit as a large underground block cave operation based roughly on the 2012 Technical Report on Newcrest Mining^s Wafi-Golpu project."

"Initiating Coverage- with a 50 pence target: The Cascabel project has all the hallmarks of being the N e x t L a r g e Scale Copper Gold C a m p with ample runway down the development path to go. With plenty of e v e n t -driven, de -risking c a talysts to come, we believe the market will realise the potential of Cascabel and award the valuation it deserves. Using a 1.0x NAV Multiple, we are initiating coverage of Solgold with a 50 pence target price & spec buy recomm."

(Please read the 17 pages to check and the numbers behind it).

I thought I would provide some background to what may be a journey as above. Today, £1 = US1.3.

Sol1, Hot Copper poster, Thur 9 Nov 2017
(Please check as there could be errors & Please do Due Diligence)