Director/PDMR Shareholding (4630G)

TIDMNGL

RNS Number : 4630G

Norseman Gold PLC

12 May 2011

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

12 May 2011

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

Director's Dealings

Norseman Gold announces the following information pursuant to Rule 17 of the AIM Rules for Companies:

 
 Name of director                Vincent Pendal 
 Date on which disclosure was 
  made to the Company              11 May 2011 
                                -------------------------------------- 
 Direct or indirect interest       Indirect & Direct 
                                -------------------------------------- 
                                 Ardlussa Pty Ltd - Director 
                                  & Shareholder 
                                  Ardlussa Pty Ltd <V&V Pendal 
                                  Super Fund> - Director & Shareholder 
                                  Muspen Pty Ltd - Director 
 Nature of indirect interest      & Shareholder 
                                -------------------------------------- 
 Date on which the deal was 
  effected                       11 May 2011 
                                -------------------------------------- 
 No. of securities held prior 
  to change                      2,550,000 ordinary shares 
                                -------------------------------------- 
 Class                           Ordinary shares 
                                -------------------------------------- 
 Number acquired                 200,000 
                                -------------------------------------- 
 Number disposed                 - 
                                -------------------------------------- 
 Consideration                   Acquired AUD$58,232.38 (AUD$0.291 
                                  per share) 
                                -------------------------------------- 
 No. of securities held after    2,750,000 ordinary shares 
  change 
                                -------------------------------------- 
 Nature of change                Acquired: on-market trade 
                                  (Australia) 
                                --------------------------------------

**ENDS**

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

 
 Barry Cahill       Norseman Gold Plc           Tel: +61 (0) 8 9473 2222 
                                                E-mail: 
                                                investors@ngold.com.au 
 Guy Wilkes         Ocean Equities Ltd          Tel: +44 (0) 20 7786 
                                                 4370 
 Nandita Sahgal     Seymour Pierce Ltd          Tel: +44 (0) 20 7107 
                                                 8000 
 Hugo de Salis      St Brides Media & Finance   Tel: +44 (0) 20 7236 
  /                  Ltd                         1177 
  Isabel Crossley

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, the Harlequin and the OK Decline - and is also mining the historic 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 additional mines. 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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