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Interim report for January-June 2013

First half (January-June 2013) · Capitalized exploration costs for the first half amounted to 0.2 (3.2) mkr · P/L after tax for the first half totaled -2.4 (2.4) mkr · P/L per share for first half totaled -0.18 (-0.22) mkr · Equity per share at the end of the period was 3.78 (5.63) mkr Important events during the first half · Arctic Gold reduced the cost base and bridge loan of 1.43 mkr · Norway released a new Mineral Strategy in March · Redeye was appointed Certified Adviser first of May · Arctic Gold completed a share issue that added 5.4 mkr to the company

Ministry of Justice and Public Security is uncertain if a Municipality has to accept and decide upon a Planprogram

The Ministry of Justice and Public Security in Norway has answered on the request from the Ministry of the Environment with regards to what the Plan- og Byggningsloven say regarding if a Municipality has to accept to and decide upon a Planprogram or not. From the answer it seems like the department is uncertain if a Municipality has to accept and decide upon a Planprogram from a private company aiming to carry through impact studies for a Reguleringsprogram.Arctic Gold has waited a long time for Kautokeino Municipality to get the support from The Ministry of Justice and Public Security

Major shareholders increase their ownership

After closing the right issue of Arctic Gold the major shareholder Markus Elsasser has 24,6 % of the shares through his company and Tord Cederlund has 20,0 % of the shares. Both these investors have invested more in Arctic Gold and believe in future shareholder value.-We believe in Norway as mineral producer and wishes that the legislation will settle and that people living in the municipal as well as people working with reindeer husbandry will recognize the advantages when Arctic Gold invest heavily in Bidjovagge, says Tord Cederlund.

Year-end Report 2012

Fourth Quarter (October – December 2012) · Capitalized exploration costs for the fourth quarter amounted to 1.3 (3.2) mkr  · P/L after tax for the fourth quarter totaled -0.7 (-.6) mkr  · P/L per share for the fourth quarter totaled -0.07 (-0.19) kr Full year (January – December 2012) · Capitalized exploration costs for the full year amounted to 4.8 (15.9) mkr  · P/L after tax for the full year totaled -4.8 (-6.6) mkr  · P/L per share for the full year totaled -0.45 (-0.83) kr  · Equity per share at December 31, 2012 was 5.41 (5.86) kr3) kr  · The mineral

Arctic Gold AB: The Department of Justice should review how Plan og Bygningsloven should be interpreted

Arctic Gold has today been informed that Formanskapet (the advisory committee) in the municipality of Kautokeino has decided to postpone the confirmation of the Arctic Gold Planprogram (program for impact study). The intention is to first let Justitiedepartementet review how Plan og Bygningsloven (the planning and building law) should be interpreted and used.The municipality of Kautokeino, which previously announced that they would process Arctic Gold's revised proposal for a Planprogram on December 10, 2012, has once again sent a request to Miljöverndepartementet (the Environmental

Arctic Gold AB (ARCT): Option agreement for review of the diamond project

Arctic Gold and Dr Markus Elsasser and his partner Dr Mark Hutchison have signed an option agreement that gives an exclusive access to all data of Arctic Golds diamond project until the latest June 30th, 2013.Arctic Gold and Dr Markus Elsasser and his partner Dr Mark HutArctic Gold who started with diamond exploration in northern Sweden under the name Alcaston Diamond Exploration AB has during the latest years focused on gold exploration and thereby looked for a purchaser or a partner with knowledge in diamond exploration. An option agreement have now been signed with Elsasser and his

Arctic Gold AB (ARCT): Nomination Committee appointed for Arctic Gold AB

Arctic Gold AB (publ), listed on First North, reports that a nomination committee has been appointed for the annual general meeting 2013 consisting of the following persons: Solveig Staffas, Tord Cederlund, Lars Höckenström, Catharina Lagerstam. The composition on the committee is based on the share ledger registered per Sept 28, 2012.The committee can be contacted through Solveig Staffas using email address solveig.staffas@telia.com or by phone +46 708 44 85 11 or by mail to the company address.Address: Arctic Gold AB, Box 275, 751 05 Uppsala.

Arctic Gold AB (ARCT): Main owners increase their number of shares in the company

Two of the main owners and members of the Board of Arctic Gold AB, Tord Cederlund and Markus Elsasser, increase their number of shares in Arctic Gold.After the acquisition Markus Elsasser will own 16% and Tord Cederlund 12,9 % of the company's shares. They are both committed and long-term investors with experience from similar companies.- The increased commitment from these two owners might positively contribute to the continued development of Arctic Gold says CEO Lars-Åke Claesson.

Arctic Gold AB (ARCT): Interim report for January - September 2012

Third Quarter (July – September 2012) · Capitalized exploration costs for the third quarter amounted to 0.3 (9.0) mkr · P/L after tax for the third quarter totaled -1.7 (-2.1) mkr · P/L per share for the third quarter totaled -0.16 (-0.26) kr First nine months (January – September 2012) · Capitalized exploration costs for the first nine months amounted to 3.5 (12.7) mkr · P/L after tax for the first nine months totaled -4.1 (-5.0) mkr · P/L per share for the first nine months totaled -0.38 (-0.64) mkr Important events during the third quarter · Arctic Gold

Arctic Gold AB (ARCT): Fylkesman's statement about municipality of Kautekeino's previous decision regarding the Planprogram for Bidjovagge

The Fylkesman in Finnmark has now concluded that none of the five indicated members of the Kautekeino municipal government had a conflict of interest when Arctic Gold's application for Planprogram (investigation study) was rejected on April 26, 2012. The Fylkenman also states that the municipal government had the right to reject Arctic Gold's application at the same meeting. Arctic Gold's modified application will be processed by the municipal government on December 10, 2012.The Fylkesman in Finnmark was assigned the task of revieweing whether there was any conflict of interest with five

Arctic Gold AB (ARCT): Kautokeino municipal government re-processes our application for Planprogram (impact study)

Arctic Gold has now been notified that the proposed Planprogram will be processed at a new meeting on December 10 after the Fylkesman has revieved the case again to determine whether any vested interest was involved and if any factual error was committed when the proposal was rejected at the first meeting.After a suggestion by the Councilman (top administrative executive of the municipality) the proposal for processing the Planprogram case was moved to a later time due to the fact that the Fylkesman had not yet reviewed whether a vested interest was in volved and whether a factual error had

Arctic Gold AB (ARCT): The municipal government of Kautekeino decides that the Planprogram case will be processed at a later date

Arctic Gold has been notified today that the proposed Planprogram will be processed at a new meeting later this fall after the Fylkesman has reviewed the case again to determine whether any vested interest was involved and if any factual error was committed when the proposal was rejected at the first meeting.- I understand that all factual handling of the case must be taken into account, but at the same time it is of course frustrating that the processing has to be moved to a later time, says CEO Lars-Åke Claesson in a comment about todays decision by the municipal government of Kautokeino.

Arctic Gold AB (ARCT): Formannskapet in Kautokeino approves Planprogrammet (the mining plans)

Arctic Gold's request for the municipal government of Kautokeino to process the company's application with a modified Planprogram has resulted in formannskapet (a political advisory committee) voting in favor of Arctic Gold continuing to work with the impact studies for the mining operations in Bidjovagge. This decision is a recommendation to the municipal government which will decide on the issue at the meeting on October 3, 2012.Formannskapet voted three votes to two in favor of allowing Arctic Gold to continue the work with the mining plans in Bidjovagge. The Chairman of the municipal

Arctic Gold AB (ARCT): Interim report for January - June 2012

Second Quarter (April – June 2012) · Capitalized exploration costs for the second quarter amounted to 1.1 (2.7) mkr · P/L after tax for the second quarter totaled -1.4 (-1.4) mkr · P/L per share for the second quarter totaled -0.13 (-0.18) kr First quarter (January – March 2012) · Capitalized exploration costs for the first half year amounted to 3.2 (3.7) mkr · P/L after tax for the first half year totaled -2.4 (-2.9) mkr · P/L per share for the first quarter totaled -0.22 (-0.38) kr Important events during the second quarter · Changes in the Board of

Arctic Gold AB (ARCT): The Municipal Government in Kautokeino will process the company's revised Planprogram at their next meeting

Arctic Gold's request that the Kutokeino Municipal Government processes the company's application with a modified Planprogram has now resulted in the Chairman of the Municipal Government, after reviewing the previous handling of the case with the Department of Municipalities in Norway, deciding to take up the company's case at the next Municipal Government meeting on October 3, 2012.Both the Chairman of the Municipal Government and the leader of Høyre have said in newspapers and on the radio that the issue of the modified Planprogram is to be processed and furthermore that all applications

Arctic Gold AB (ARCT): Several politicians open up for re-processing of our case in Kautokeino

After the missing political processing of Arctic Gold's modified application for Planprogram, the chairman of the Kautokeino Municipal Government has looked into the handling of the points of fact of the case with the Municipality Department in Norway, and has received the answer that the case is to be processed at the next meeting of the Municipal Government. - As the case was not processed at the last meeting we will probably handle it at the next meeting in the fall, says chairman Klemet Erland Hætta in an article in Finnmarks Dagblad on Tuesday, June 12. - Arctic Gold was willing to

Arctic Gold AB (ARCT): Arctic Gold stops all activity in Bidjovagge for the time being after the political treatment in Kautekeino

After the political treatment that Arctic Gold was subjected to in the Kautokeino Municipal Government the company's board of directors has decided to cease all activity with the Planprogram, the Reguleringsprogram with environmental impact study, as well as drilling and other exploration activities in Bidjovagge. The management of the company is very disappointed with the manner in which some of the political parties have chosen to handle the factual points of our planprogram. Arctic Gold is of the opinion that the proposed environmental impact study would clarify all the social,

Arctic Gold AB (ARCT): No new decision from the Kautokeino Municipal Government

Today the municipal government of Kautokeino was to take up a number of issues, among them Artic Gold's application for re-processing with a modified Plan Program. On the agenda it was clear that two questions regarding points of fact in the rejection of our case by the Municipal Government on April 26 were to be handled first. The first question concerned whether three members of the Municipal Government had had a vested interest in the decision. The vote concluded that this was not the case. The second question concerned whether our case had been incorrectly handled according to the

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