Director's Dealings

Noricum Gold Limited / EPIC: NMG / Sector: Natural Resources 17 February 2011 Noricum Gold Limited (`Noricum Gold' or `the Company') Director's Dealings Noricum Gold Limited, the Austrian focussed gold exploration and development company, was informed that on 16 February 2011 Jeremy Whybrow, a Non- Executive Director in the Company, purchased 444,444 Ordinary Shares at a price of 4.5p per Ordinary Share* (`the Share Purchase'). Following the Share Purchase, Jeremy Whybrow's holding in the Company, along with his associate, stands at 1,444,444 Ordinary Shares representing 0.29% of the issued share capital. *The shares are held by Michelle Kelly, an associate of Jeremy Whybrow. **ENDS** For further information please visit www.noricumgold.com or contact: Greg Kuenzel Noricum Gold Limited Tel: 020 3326 1726 Roland Cornish Beaumont Cornish Limited Tel: 020 7628 3396 James Biddle Beaumont Cornish Limited Tel: 020 7628 3396 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177 Elisabeth Cowell St Brides Media & Finance Ltd Tel: 020 7236 1177