Result of EGM (6279F)

TIDMNGL

RNS Number : 6279F

Norseman Gold PLC

28 April 2011

Norseman Gold plc / Epic: NGL / Index: AIM & ASX / Sector: Mining & Exploration

28 April 2011

Norseman Gold Plc ('Norseman Gold' or 'the Company')

Results of Meeting

Norseman Gold, the AIM-listed and ASX-listed Australian gold production company advises that all the resolutions contained in the Notice of Meeting dated 4(th) March 2011 and considered at the General Meeting of Shareholders were passed on a show of hands.

Proxy Results

Resolution Number

1. To approve the grant of 2,500,000 Share Options to Mr Barry Cahill. Resolution carried on show of hands. (Proxy votes FOR - 52,336,779, AGAINST - 4,352,461, CHAIRMAN'S DISCRETION - nil, WITHHELD - 3,030)

2. To ratify the allotment and issue of 22,222,222 ordinary shares for the purposes of ASX Listing Rule 7.4. Resolution carried on show of hands. (Proxy votes FOR - 52,444,360, AGAINST - 4,230,880, CHAIRMAN'S DISCRETION - nil, WITHHELD - 17,030)

3. To empower the directors to allot relevant securities pursuant to Section 551 of the Companies Act 2006. Resolution carried on show of hands. (Proxy votes FOR - 52,393,479, AGAINST - 4,279,231, CHAIRMAN'S DISCRETION - nil, WITHHELD - 19,560)

4. To empower the directors to allot equity securities pursuant to Section 561(1) of the Companies Act 2006. Resolution carried on show of hands. (Proxy votes FOR - 42,943,855, AGAINST - 13,728,855, CHAIRMAN'S DISCRETION - nil, WITHHELD - 19,560)

**ENDS**

For further information visit www.norsemangoldplc.com or contact:

 
  Barry Cahill   Norseman Gold      Tel: +61 (0) 
                  Plc                8 9473 2200 
  -------------  -----------------  -------------- 
   Guy Wilkes     Ocean Equities     Tel: +44 
                   Ltd               (0)20 7786 
                                     4370 
  -------------  -----------------  -------------- 
   Nandita        Seymour Pierce     Tel: +44 
   Sahgal          Ltd               (0)20 7107 
                                     8000 
  -------------  -----------------  -------------- 
   Jeremy         Seymour Pierce     Tel: +44 
   Stephenson      Ltd               (0)20 7107 
                                     8000 
  -------------  -----------------  -------------- 
   Hugo de        St Brides Media    Tel: +44 
   Salis           & Finance Ltd     (0)20 7236 
                                     1177 
  -------------  -----------------  -------------- 
   Susie          St Brides Media    Tel: +44 
   Geliher         & Finance Ltd     (0)20 7236 
                                     1177 
  -------------  -----------------  -------------- 
   E-mail         investors@ngold. 
                  com.au 
  -------------  -----------------  --------------

Note to editors:

Norseman Gold plc is an AIM listed and ASX listed Australian gold production company, which acquired the Norseman Gold Project in May 2007, Australia's longest continually running gold operation. The Norseman Gold Project is located in the Eastern Goldfields of Western Australia in the highly prospective Norseman-Wiluna greenstone belt, 725km east of Perth and 186km from Kalgoorlie.

Gold was first found on the Norseman field in 1894 and over the last 65 years it has produced over 5.5 million oz of gold. The mine is currently producing from three high-grade narrow-vein underground mines - the Bullen, Harlequin and the OK Decline - and the North Royal open pit. Currently, it has a total resource inventory of 3.8 million oz of gold at an average grade of 5.3 g/t.

The tenements cover a 2,180 sq km area centred on the Norseman Township. The landholding comprises 221 tenements consisting of 16 Exploration Licences, 107 Mining Licences, 64 Prospecting Licences, 15 Miscellaneous Licences, 5 Exploration Licence Applications, 13 Prospecting Licence Applications and 1 Mining Lease Application.

The Company's strategy is focused on extending the mine life through the conversion of resources into reserves and identifying additional resources and obtaining additional ore for the operating mill through the development of a fourth and subsequent mines.

The current treatment plant capacity is 720,000 tonnes per annum and, at capacity, the treatment plant can produce up to 140,000 ounces of recovered gold.

The Company has fifteen advanced resource projects under review of which three have pre-development work being undertaken on them. It is anticipated that at least one if not all the pre-development projects will develop into mining propositions.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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