Regulation FD Disclosure (Form 8-K)

Item 7.01 Regulation FD Disclosure

ASA Gold and Precious Metals Limited Announces the Appointment of Paul Kazarian as President and Principal Executive Officer; and the Establishment of an Investment Committee to Manage the Company's Portfolio Internally on an Interim Basis.

ASA Gold and Precious Metals Limited (NYSE: ASA) (the "Company"), a registered closed-end management investment company listed on the New York Stock Exchange, today announced that Paul Kazarian has been appointed President and Principal Executive Officer ("PEO") of the Company. Axel Merk and Peter Maletis no longer serve as officers of the Company.

The Company also announced that, as the Special Committee of the Board of Directors continues its work evaluating the potential external management arrangements for the Company, the Company will be managed internally in the interim. In that connection, the Board has established an investment committee (the "Investment Committee") comprised of the following Board Members:

Subject to the oversight and discretion of the Board, the Investment Committee is responsible for managing and overseeing the Company's investment portfolio until such time that an external investment manager is retained by the Company (the "Interim Period").

The Board has also approved the Company's retention of Saba Capital Management, L.P. ("Saba") to provide certain administrative, compliance and trade execution support services during this Interim Period. Saba is not entitled to compensation for such services, but will be reimbursed for its out of pocket costs in providing such services.

The Board will provide further updates regarding the Special Committee's work in evaluating potential external management arrangements as appropriate.

About ASA Gold and Precious Metals Limited. ASA Gold and Precious Metals Limited is a publicly-traded registered closed-end management investment company. The Company's common shares trade on the New York Stock Exchange under the ticker symbol "ASA".