Equity Resources plc

July 20, 2012 04:43 ET

Net Asset Value


                                       Equity Resources plc
                                          (the "Company")
                                          Net Asset Value

The  Company announces that as at the close of business on 19 July 2012, the net asset  value  was
0.26  pence  per  share.  The value is based on the quoted bid prices of its  two  investments  in
Regency  Mines  plc  ("Regency") and Red Rock Resources plc ("Red Rock").  In  common  with  many
mineral  exploration companies, the quoted prices of these investments have been severely  hit  by
the current uncertainties in world markets.

Both  companies  have made positive announcements in recent days: Regency has  announced  a  world
class resource at its Mambare, PNG nickel prospect; Red Rock has announced good progress with  its
gold  project  in Kenya and its iron ore project in Greenland as well as a possible  sale  of  its
Colombian gold project.  We remain hopeful that in time our patience will be rewarded.

It is worth noting that the current bid-offer spread is such that the net asset value based on mid
prices is 0.47 pence per share.

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

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


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  • Equity Resources plc