Cambridge Mineral Resources Plc

Cambridge Mineral Resources Plc

July 26, 2011 08:25 ET

Cambridge Mineral Resources plc: Lomero Poyatos

LONDON, UNITED KINGDOM--(Marketwire - July 26, 2011) - Cambridge Mineral Resources Plc (AIM:CMR) and Iberian Gold Plc (formally Harrogate Group Plc), have been receiving a number of emails and phone calls from potential investors of another Company and authorities both in the UK and Canada with reference to the rights to mine Lomero Poyatos.

We would like to make it absolutely clear that Recursos Metalicos SL is the only Company or entity that has the rights to mine and extract minerals from the property under a sixty year lease which expires in 2033 with an agreed thirty year extension from that date should Recursos Metallicos require it. The landlord is not entitled to exploit the minerals or mine the land which is the subject of the mining lease. The ground rent for the mining lease vested in Recursos Metallicos has been paid into the Spanish Court.

Recursos Metalicos SL is 100% owned by Iberian Gold Plc and Cambridge Mineral Resources Plc has an economic interest of about 80% in Iberian Gold Plc

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