LONDON: SolGold Plc reports that a contracted helicopter operated by AVIOANDES S.A. conducting operations for SolGold on one of SolGold’s regional exploration concessions was involved in an accident Sunday morning, north of the town Salinas, in Imbabura Province of Northern Ecuador, resulting in the death of the pilot and a contractor technician.

“The Board, management and staff of SolGold are deeply saddened by this tragic accident and extend our condolences to the families of both the pilot and the technician”, said SolGold’s Managing Director Nick Mather.

The Company will provide any support to the appropriate authorities as may be required in their investigation. No SolGold employees, contractors, consultants or any third parties were involved or harmed in the accident.

The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimising environmental impact. SolGold’s regional exploration projects continue unabated.

Edited by Nayyar Iqbal