13 January 2006

Directors declaration

In connection with the appointment of Bill Hooley and Roger Turner as directors of the company on 10 January 2006, the company hereby confirms it has no matters to report under sections 9.6.13R (2) - (6) of the Listing Rules and, for the purposes of section 9.6.13R (1), the directorships of publicly quoted companies held within the past five years are as follows:

Roger Turner

Minco plc

Ovoca Gold plc

Angus & Ross plc (resigned April 2003)

Oxus Gold plc (resigned November 2002)

Bill Hooley

None

Pursuant to Disclosure Rule 3.1.4R, the company has been advised that at the time of his appointment Bill Hooley was a shareholder in the company with 100,000 ordinary shares.

For further information please contact:

Ian Cuthbertson, Finance Director        + (44) 1248 361333

Bill Hooley, Executive Director              + (44) 1492 541981

John F. Kearney, Chairman                  + (1) 416 362 6686

Cathy Malins / Annabel Leather,
Parkgreen Communications                  + (44) 20 7493 3713