Patagonia Gold’s management and exploration teams have demonstrated the ability to find, develop and operate successful large scale gold operations at low cost. The Company maintains a high level of exploration activity in Argentina. Exploration teams, supported by international consultants, conduct exploration on over 225 properties covering approximately 835 thousand hectares. Patagonia Gold has compiled a diverse high quality property portfolio in Argentina, which was significantly enhanced in 2007 by the acquisition of Barrick Gold’s properties in Santa Cruz. Patagonia Gold remains committed to the region and is constantly looking at other opportunities for exploration and acquisition. The Company’s aim is to build a portfolio of highly prospective properties that have the potential to be developed into substantial resources to maximize shareholders’ return.