IMC EXPLORATION GROUP PLC
LSE : IMCP

October 17, 2012 02:00 ET

Memorandum of Understanding (MOU) signed with International Partner for Afghanistan Opportunity

17 October 2012

                                     IMC Exploration Group Plc
                                     ("IMC" or the "Company")
                                                 
                                                 
  Memorandum of Understanding (MOU) signed with International Partner for Afghanistan Opportunity


IMC Exploration Group Plc (IMC) is pleased to provide the following summary and update on its
activities.

On 20th September IMC announced very promising gold results from its Wexford licence and, on 11th
October announced findings from further drilling in Tulla, Clare, confirming the area's potential
to host significant zinc and other base metal mineralization.

Harvest Resources Limited ("Harvest"), a resource exploration company registered in the United
Arab Emirates, recently approached IMC with a view to leveraging the geological expertise of both
companies by way of joint venture.

Subsequent to this initial approach, a Memorandum of Understanding ("MOU") has been signed with
Harvest to facilitate targeted exploration of minerals such as copper, lead, zinc, gold and silver
in Afghanistan.

In addition, the MOU also provides for the development of oil and gas opportunities in
Afghanistan.

Managing Director of IMC, Dr Glenn Millar commented, "This is a very exciting time for the company
with positive gold results in Wexford, as well as favourable geology with the potential to host
significant zinc and other base metal mineralization in Tulla. Signing the MOU with international
partners Harvest, will enable IMC to broaden its geographical focus and further leverage the
expertise and ability of the company's world class geological team."

The Directors of the company accept responsibility for the contents of this announcement.

For further information please contact:

IMC Exploration Group Plc
Mr. Liam McGrattan
Investor Relations
Tel. Ireland: +353 87 2745427

Mr. Hugh Gibney
Executive Chairman
Tel. Ireland: +353 1 823 0510

Dr. Glenn Millar
Managing Director
Tel. Ireland: +353 86 1714790

Kathryn Byrne
Limelight Communications
Tel. Ireland: +353 85 2336033

LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200
con.casey@lhmcaseymcgrath.ie


IMC EXPLORATION GROUP PLC


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