14 September 2017: Interim Results

14 September 2017

Wishbone Gold Plc

Wishbone Gold Plc / Index: AIM / Epic: WSBN / Sector: Natural Resources Wishbone Gold PLC ("Wishbone Gold" or the "Company")

Interim Results

Wishbone Gold Plc has pleasure in announcing the interim results for the group for the six months ended 30 June 2017. We remind shareholders that these are unaudited results and extracted from the Company's management accounts. The highlights are set out below. These results include the results from Precious Metals International Ltd, Black Sand FZE, Wishbone Gold Honduras Ltd and Wishbone Gold Pty Ltd.

Highlights

• A successful first half of the year which saw the trading figures for the half year fall just short of last year's full year total

• Turnover of £3.98 million (2016: £0.00 million); gross profit of £0.02 million (2016: £0.00 million; and net loss before taxation of £0.33 million (2016: £0.19 million loss)

• Results impacted by funds being diverted to finance our investment in Honduras.

• The Honduras roll out is the maiden project in the Company's strategy to fund, from the ground up, artisanal miners making them more efficient and productive by providing equipment and expertise. The mines thus funded are then locked into supply agreements, for the life of the mine, with Black Sand FZE.

• Discussions are underway in two African countries for similar structures to the Honduras investment.

Cash Position

Wishbone Gold saw a better net cash position than the same time last year, $2.6million compared to

$1.4million in 2016, and had an operating loss of $258k for the period. Black Sand FZE's separate trading results will be disclosed at end of the year.

Honduras Operations

The focus for the Company in recent months has been to bring the inaugural Honduran mining operation on stream. Delays with permits required to install the equipment saw the project get off to a slow start but all equipment is now installed. Images and videos of the installation and tuning of the equipment are on our website here.

Unfortunately, the weather has hampered the final commissioning of the plant due to the delays caused from the worst hurricane season on record. This has also lead to the washing out and flooding of roads in the region meaning that all mines are currently closed. The project will be operational once weather conditions improve but this will probably result in a three-month delay in going into production.

Richard Poulden, CEO of Wishbone Gold said:

"It's a promising start for the roll out of Wishbone Gold's strategy and we are looking forward to having the Honduras model operational. This model will enable smaller miners to provide a long term, stable and profitable source of gold that can be replicated easily both within Honduras and globally. The supply agreements produce much higher margins than general trading which will provide higher average margins overall. Hurricanes are a fact of life in that region and we are extremely thankful that our engineers and partners have suffered no injuries as a result of the extreme conditions.

I am pleased to announce that discussions are currently underway with two African nations to set up similar programs within their respective countries."

ENDS

For further information, please contact:

Wishbone Gold Plc

Richard Poulden, Chairman and CEO Tel: [phone]

Allenby Capital

Nick Naylor / Nick Harriss / James Thomas Tel: [phone]

Damson Communications

Abigail Stuart-Menteth / Amelia Hubert Tel: [phone]

Wishbone Gold PLC Consolidated Income Statement for the period from 1 January 2017 to 30 June 2017 Unaudited Six Months Ended 30 June 2017 Unaudited Six Months Ended 30 June 2016 Audited Year Ended 31 December 2016 $ $ $

Sales 3,977,139 - 4,261,446

Cost of sales (3,955,630) - (4,241,020)

Gross Profit 21,509 - 20,426

Abortive acquisition costs - - -

Administration expenses (352,544) (167,762) (944,865)

Operating loss	(331,034)	(167,762)	(924,439)
Impairment of investments	-	(29,046)	(370)
Foreign exchange gains	-	31,429	-
Finance Costs	-	(19,868)	(33,311)
Loss on ordinary activities before taxation	(331,034)	(185,247)	(958,120)
Tax on loss on ordinary activities	-	-	-

Loss for the financial year (331,034) (185,247) (958,120) Wishbone Gold PLC Consolidated Statement of Financial Position as at 30 June 2017 Unaudited Six Months Ended 30 June 2017 Unaudited Six Months Ended 30 June 2016 Audited Year Ended 31 December 2016 Fixed assets $ $ $

Equipment 249,987 - -

Depreciation - - -

249,987 - -

Current assets Trade and other receivables	26,111	218,376	4,339,341
Cash and cash equivalents	447,925	417,874	1,065,161
Inventory	27,391	-	2,662
501,427	636,250	5,407,164
Non-current assets Intangible assets	1,369,540	421,994	1,088,958
Loans	504,600	-	99,281
Investments	-	82,381	1,108
1,874,140	504,375	1,189,347
Total assets	2,625,554	1,140,625	6,596,511
Current liabilities	305,769	375,896	4,251,663
Non-current liabilites	632,227	400,000	607,792
Capital and reserves Share capital	1,691,824	1,128,351	1,448,632
Share premium	5,912,988	4,569,658	5,611,582
Share based payment reserve	61,898	70,165	58,743
Accumulated losses	(6,600,591)	(5,496,684)	(6,269,557)
Foreign exchange reserve	621,439	93,239	887,656
Total equity and liabilities	2,625,554	1,140,625	6,596,511