Patagonia Gold on Tuesday announced the resignation of Philip Yee as Chief Financial Officer.

Yee will step down in May to take a new position as Vice President and Chief Financial Officer with another mining company in Canada.

Gonzalo Tanoira, the Financial Director of Patagonia Gold, will succeed Yee.

"Phil Yee successfully guided us on to the Toronto Stock Exchange in 2011, and greatly assisted the company during the transition from a developer to a producer," said Chief Executive Officer, Bill Humphries.

"The board would like to thank Mr Yee for his contribution to the company, and wishes him well for the future."

The mining group is focused on gold and silver projects in the southern Patagonia region of Argentina including the flagship Cap-Oeste, the nearby COSE and the Lomada heap leach, which is generating free cash flow.

RD

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