Equity Resources plc

November 18, 2008 03:52 ET

Funding Update Loan Note Agreement

                                             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.
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


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