Effective at the opening on Tuesday, March 24, 2015, the common shares of San Gold Corp. will commence trading on the TSX Venture Exchange. The company is classified as a gold and silver ore mining company.

The company is presently trading on the Toronto Stock Exchange and will be delisted at the close on Monday, March 23, 2015.

Capitalization:  Unlimited common shares with no par value, of which 373,390,981 common shares are issued and outstanding

Escrow:  Zero common shares

Transfer agent:  CIBC Mellon Trust Company

Trading symbol:  SGR (unchanged)

Cusip No.:  79780P104 (unchanged)

Effective at the opening on Tuesday, March 24, 2015, the 8-per-cent convertible unsecured subordinated debentures of the company will commence trading on the TSX Venture Exchange. The company is classified as a gold and silver ore mining company.

The debentures are presently trading on the TSX and will be delisted at the close on Monday, March 23, 2015.

Corporate jurisdiction:  Manitoba

Capitalization:  $50-million debentures are issued and outstanding

Transfer agent:  BNY Trust Company of Canada

Trading symbol:  SGR.DB (unchanged)

Cusip No.:  79780PAB0

Details of the debentures

Terms:  The debentures mature on March 31, 2018, and are redeemable in full by the company after March 31, 2017.

Redemption:  The debentures are not redeemable before March 31, 2016. On and after March 31, 2016, but prior to March 31, 2017, the debentures may be redeemed, at the option of the company, in whole or in part, on not more than 60 days and not less than 30 days prior written notice at a price equal to the principal amount of the debentures plus all accrued and unpaid interest up to but excluding the date of redemption, provided that the current market price on the date on which notice of redemption is given is not less than 125 per cent of the conversion price (as stated below). On and after March 31, 2017, but prior to March 31, 2018, the debentures may be redeemed, at the option of the company, in whole or in part, on not more than 60 days and not less than 30 days prior written notice at a price equal to the principal amount of the debentures plus all accrued and unpaid interest up to but excluding the date of redemption.

Interest:  Interest is payable semi-annually on March 31 and Sept. 30 of each year.

Subordination:  The payment of principal and interest on the debentures is subordinated in right of payment to the extent set forth in the trust indenture governing the debentures to the prior payment in full of all existing and future senior indebtedness of the company.

Conversion:  The debentures are convertible into common shares of the company at 50 cents per common share at any time prior to maturity or the business day prior to redemption.

Clearing and settlement:  The debentures will clear and settle through CDS and DTC.

Board lot:  The debentures will trade in a board lot size of $1,000 face value.