Agricola Resources plc
LSE : AGRI

September 03, 2009 02:00 ET

INTERIM RESULTS FOR THE SIX MONTHS TO 30 JUNE 2009

                                                                                GB0003046835/GBP/PLUS-exn
                                                                                               03/09/2009
                                                     
                                          AGRICOLA RESOURCES PLC
                                                     
                            INTERIM RESULTS FOR THE SIX MONTHS TO 30 JUNE 2009
                                                     

CHAIRMAN'S STATEMENT

The  Board of Agricola Resources PLC ("Agricola" or "the Company") is pleased to report the interim results
to  30  June 2009. The results show that Agricola made a loss of £62,552 in the first 6 months of  2009  as
compared to a loss of £77,539 in the first six months of 2008.

On  the 30 July 2009 the Company announced that Gregory William Fry and Charles Fraser Tabeart had resigned
as Directors of the Company.

The  Directors have also decided to redirect the Company's activities from exploration in the Baltic States
to gold exploration in the Atlas Mountains in Morocco, North Africa. Initial visits have been completed and
the  first  gold  exploration agreement is expected to be completed shortly. The Directors will  be  making
further announcements in the near future.

To  help  finance  preliminary investigation work into its intended new activities  the  Company  issued  2
million new shares as detailed in the announcement on 12 August 2009.

The Directors believe that this activity will benefit the Company and its shareholders.


AGRICOLA RESOURCES PLC

UNAUDITED RESULTS FOR THE 6 MONTHS TO 30 JUNE 2009


PROFIT AND LOSS ACCOUNT

                                                             6 MONTHS TO                      6 MONTHS TO
                                                              30/06/2009                       30/06/2008
                                                            £                               £
TURNOVER                                                    -                               -
                                                                                                         
Administrative expenses                                (62,594)                        (81,337)
                                                       _________                       _________
                                                                                       
OPERATING LOSS                                         (62,594)                        (81,337)
                                                                                       
Interest receivable and similar income                      42                           3,978
                                                                                       
Interest payable and similar charges                        -                               -
                                                       _________                       _________
                                                                                       
LOSS ON ORDINARY ACTIVITES BEFORE TAXATION             (62,552)                        (77,539)
                                                                                       
Tax on loss of ordinary activities                          -                               -
                                                       _________                       _________
                                                                                       
LOSS FOR THE PERIOD AFTER TAXATION                     (62,552)                        (77,539)
                                                       _________                       _________
                                                                                                         
Basic loss per share                                  (0.0400p)                        (0.0496p)
                                                                                                         
Diluted loss per share                                (0.0384p)                        (0.0382p)
                                                                                                         
                                                                        

Notes

1.       The  financial  information for the period ended 30 June 2009 has not been audited  and  does  not
    constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006.

2.      Basic loss per share has been calculated using the weighted average number of shares of 156,455,500
    (2008 - 156,455,500).   Diluted loss per share has been calculated using the weighted average number of
    shares of 162,916,826 (2008 - 203,235,500).
        
The Directors of the issuer accept responsibility for this announcement.

        
For further information contact:-

Dr. Robert Young
Chairman
Agricola Resources PLC            +44 (0)1353 649 379

Corporate Advisers
Duncan Vasey/Mark Anwyl
St Helen's Capital Plc            +44 (0)207 628 5582


Contact Information

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