Equity Resources plc
LSE : EQRP

May 16, 2011 06:09 ET

Net Asset Value as at 13 May 2011

                                                 
                                             

                                                                                        16/05/2011
                                                                         GB00B0GQJ825/GBP/PLUS-exn
                                                 
                                       Equity Resources plc
                                          (the "Company")

                                 Net asset value as at 13 May 2011

At  the  close  of  business on 13 May 2011, the Company's net asset value using the  closing  bid
prices  of  its two investments was 1.6 pence per share, fully diluted for directors'  outstanding
share  options  and  founders' outstanding warrants; the outstanding options  and  warrants  total
27,450,000 representing 57% of the shares in issue.

The Company's closing mid share price on 13 May 2011 was 3.00 pence per share.

The Directors of Equity Resources plc are responsible for the contents of this announcement.

ENQUIRIES:

Equity Resources plc                   
John Watkins, Chairman                 Tel: 01483 771992
                                       Email:  john@equityresources.co.uk
                                       
St Helens Capital Partners LLP 
Corporate Adviser                      Tel:  020 7368 6959
Duncan Vasey                           Email: duncanvasey@sthcp.com
                           

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