Golden Prospect Precious Metals Ltd : Admission of Ordinary Shares

GOLDEN PROSPECT PRECIOUS METALS LIMITED

(the "Company")

ADMISSION OF ORDINARY SHARES

Further to the announcement made by the Company on 7 December 2018 at 07:00:11, in which the Company announced that, it had allotted, by way of an exercise of 12,305 subscription shares, 12,305 new ordinary shares of £0.001 each (the "New Shares") for cash, at a price of 40.37p per share, a premium to the Company's net asset value.

Admission of the New Shares is expected to become effective, and dealings in the New Shares are expected to commence, at 8:00 a.m. on 17 December 2018.

Following the issue of the New Shares, the Company's issued share capital will consist of 28,480,690 subscription shares and 57,014,331 ordinary shares, none of which are held in treasury.

For more information please contact:

Craig Cleland                                                   
CQS (UK) LLP
0207 201 5368

Gareth Smith
Maitland Administration (Guernsey) Limited
01481 749362