Cambridge Mineral Resources plc

Cambridge Mineral Resources plc

March 10, 2008 15:39 ET

Cambridge Mineral Resources plc: Result of General Meeting

LONDON, UNITED KINGDOM--(Marketwire - March 10, 2008) - At today's General Meeting of Cambridge Mineral Resources plc (the "Company") (AIM:CMR), the mining and exploration company, all resolutions were duly passed.

At the Meeting, Michael Burton, Finance Director, made the following comments:

"As previously announced, the Company has secured the financing required to develop our first three gold mines in Colombia. In particular, work is progressing well at the Quintana Gold Mine where, among other things, we are upgrading the access roads and excavating the site for the process plant. Quintana is scheduled to commence gold production later in 2008.

"Overall, the Company has made good progress towards becoming a significant gold producer in Colombia and we are also actively advancing a number of other projects on which we look to update shareholders in due course."

Editors' Note

Cambridge Mineral Resources plc is an AIM-quoted mining and exploration company.

CMR's principal focus is the exploration for, and production of, precious metals in South America. It also owns interests in gold, copper, zinc and uranium projects in Europe.

The Company has a strong portfolio of mineral projects at varying stages of commercialization, supporting its strategy of providing shareholders with attractive upside opportunities.

Contact Information

  • Cambridge Mineral Resources plc
    Colin Andrew
    Managing Director
    020 7663 5618
    Ruegg & Co Limited
    Gavin Burnell / Brett Miller
    Nominated Adviser
    020 7584 3663
    Hichens, Harrison and Co
    Colin Rowbury
    020 7382 7771
    Haywood Securities (UK) Limited
    Tom Beattie
    020 7031 8018