TSX Delisting Review – San Gold Corporation (SGR, SGR.DB)

March 20, 2015

DELISTING REVIEW San Gold Corporation (the "Company") – Further to TSX Bulletin 2015-0163 dated February 25, 2015, the Common Shares and Debentures (Symbols: SGR and SGR.DB) (together, the "Securities") of the Company will now be delisted at the close of business on Monday, March 23, 2015 for failure to meet the continued listing requirements of TSX. The Securities will remain suspended from trading.

It is understood that the Company's Securities will be available for trading on TSX Venture Exchange at market open on Tuesday, March 24, 2015 under the symbols "SGR" and "SGR.DB".

About TMX Group (TSX: X)

TMX Group's key subsidiaries operate cash and derivative markets and clearinghouses for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, NGX, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London, Beijing and Sydney. For more information about TMX Group, visit our website at http://www.tmx.com. Follow TMX Group on Twitter at https://twitter.com/tmxgroup.