Nueva Esperanza Gold/Silver Project Update

Nueva Esperanza Gold/Silver Project Exploration Update

Kingsgate Consolidated (ASX:KCN) (“Kingsgate” or the “Company) is pleased to provide an update on exploration activities at its 100% owned Nueva Esperanza Project in Chile. The spring exploration
season commenced in September 2016, and forms part of a previously announced US$3 million exploration budget for FY17 which will focus on district targets separate from the three existing resource areas. For the balance of the 2016/17 season exploration will be focused on detailed geological mapping, surface sampling, Air-Blast and RC drilling.

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