Equity Resources plc
LSE : EQRP

November 18, 2008 03:52 ET

Funding Update Loan Note Agreement

                                                       
                                                       
                                                                                                       18/11/2008
                                                                                        GB00B0GQJ825/GBP/PLUS-exn
                                                       
                                             Equity Resources plc
                                                ("the Company")
                                                       
Funding update - 18 November 2008

Loan Note Agreement

On  6  October  2008,  the  Directors  of Equity Resources plc announced an intention  to  update  shareholders
concerning significant developments within the business.

The Directors are pleased to announce that they have received £500,000 in the form of a loan note which carries
a  2.5% interest rate per annum for an initial term of one year expiring 31 October 2009 and further short term
loans totaling £20,000.  The Company looks forward to updating their shareholders with further developments  at
the forthcoming Annual General Meeting.

The Directors of Equity Resources plc accept responsibility for this announcement.
ENQUIRIES:
Equity Resources plc                     
John Watkins, Chairman                   Tel: 01483 771992
                                         Email:  john@equityresources.co.uk
Simon McNeill-Ritchie                    Tel:  07958 657522
                                         
St Helen's Capital plc                   Tel:  020 7628 5582
Corporate Adviser                        barry.hocken@sthelenscapital.com
Barry Hocken

END





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