Update (8435W)

TIDMNGL

RNS Number : 8435W

Norseman Gold PLC

06 February 2012

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

NORSEMAN GOLD PLC

('Norseman Gold' or 'the Company')

Update

The Company advises that contract negotiations with the potential strategic partner are continuing and an announcement with respect to its operations and corporate restructuring at Central Norseman Gold Corporation Ltd will be made as soon as possible.

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

David Steinepreis Norseman Gold Plc. Tel: +44 (0) 7913402727

William Vandyk / Rod Venables Northland Capital Partners Ltd Tel: 020 7796 8800

Guy Wilkes Ocean Equities Ltd Tel: 020 7786 4370

Susie Geliher / Hugo de Salis St Brides Media & Finance Ltd Tel: 020 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. The tenements cover a 2,360 sq km area centred on the Norseman Township.

Gold was first found on the Norseman field in 1894 and over the last 65 years, it has produced over 5.5 million ounces of gold. The mine is currently producing from two high-grade narrow-vein underground mines - the Bullen and Harlequin and developing the North Royal Open Pit. Currently, it has a total resource inventory of 3.4 million ounces of gold at an average grade of 4.7 g/t.

This information is provided by RNS

The company news service from the London Stock Exchange

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