Hillgrove Gold Limited



Friday, 15 April 2016


CHANGES TO MINING PLAN UPDATE



The Board of Hillgrove Resources Limited (the Company) wishes to provide the following update on its discussions with key stakeholders including employees, major contractors, suppliers and service providers, financiers and the South Australian Government to seek their assistance with the process to address the cashflow shortfall, as previously notified to the market.


Over the past two weeks senior management has carried out discussions with all key stakeholder groups and it has received strong support for the project and the stakeholder response has been very positive. These discussions are continuing to formalise new arrangements.


The directors remain confident that there is significant value in the mine and believe that the best outcome for the company as a whole is achieved by implementing the revised LOM plan and reducing costs with the cooperation and support of all stakeholders.


The Company will provide further updates to the market on any material developments in implementing the revised mine plan as they occur.


For more information contact:

Mr Steven McClare Mr Paul Kiley

CEO & Managing Director CFO and Company Secretary

Tel: +61 (0)8 7070 1698 Tel: +61 (0)8 7070 1698


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HILLGROVE RESOURCES LIMITED ACN 004 297 116 www.hillgroveresources.com

5-7 King William Road, Unley SA 5061, Australia T +61 8 7070 1698 F +61 8 8538 5255

Hillgrove Resources Limited issued this content on 18 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2016 00:33:25 UTC

Original Document: http://www.hillgroveresources.com.au/media/1/864/160415 Change to Mine Plan Update.pdf