Number of Ordinary Shares of 0.25 pence in issue at 30 April 2008 86,755,710

Treasury shares: None

As at 30 April 2008 the following interests amounting to 3% or more of the issued share capital of the company were:

Dr Nicholas Badham                          9,367,067             11.2%

Panther Executive Pension Scheme    8,000,000               9.6%

Ashton Nominees Inc.                        7,340,002               8.8%

Phelps Dodge Exploration                 3,690,000               4.4%

Beaumont Cornish Limited                  3,300,000              3.9%

Easy Business Consulting Limited      3,200,000               3.8%

 
The percentage of ordinary shares not in public hands is 36.3%.

Security restrictions: None

Warrants

By a letter of engagement dated 8 March 2005 between Beaumont Cornish and the Company whereby Beaumont Cornish agreed to act as Nominated Adivor in connection with the Admission and pursuant to an exchange of letters dated 26July 2005 and a resolution of the Board passed on 26 July 2005 the Company executed a deed relating to warrants granted to Beaumont Cornish. The terms of the warrants are:

(a) Number: 200,000
(b) Exercise Price: 5 Pence
(c) Date of Expiry: 1 August 2010