Trading Halt on ASX (2896Q)

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RNS Number : 2896Q

Norseman Gold PLC

17 October 2011

Norseman Gold Plc

Trading Halt on ASX

Norseman Gold Plc ("Norseman" or "Company") announces that on 13 October 2011, it requested a trading halt of its shares on ASX until an announcement is made containing a company update, details of a potential capital raising and the appointment of a new nominated adviser as required by the AIM Rules for Companies ("AIM Rules"). Norseman is currently suspended from trading on AIM following the resignation of its nominated adviser and is in negotiations with a potential replacement. A further announcement in relation to the above will be made as soon as possible.

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

Hugo de Salis/Isabel Crossley

St Brides Media & Finance Ltd Tel: +44 (0) 20 7236 1177

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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