Aspartus plc
LSE : ASPP

April 20, 2011 09:31 ET

Notice of General Meeting

ASPARTUS PLC

NOTICE OF GENERAL MEETING, CHANGE IN INVESTMENT

STRATEGY, CHANGE OF NAME AND APPOINTMENT OF DIRECTOR

Aspartus Plc ("Aspartus" or "the Company") announces its intention to change its investment strategy and

appoint Enrique López de Mesa to the board of directors.

In accordance with the PLUS Rules the Company will seek shareholders' approval for the change in investment

strategy and to this end a notice of a General Meeting, convened for 16 May 2011 at 10 a.m., at the offices

of Alfred Henry Corporate Finance, Finsgate, 5-7 Cranwood Street, London, EC1V 9EE, was sent today to

Shareholders.

Aspartus was set up principally to invest in companies operating in the European environmental protection

market, however the Directors have been unable to identify any private companies operating in this market

sector that had sufficient potential for growth.

The Directors believe there are a number of exciting opportunities in the mining sector and propose

changing the investment strategy to find mineral and precious metal mining assets with significant capital

growth potential.

The Directors are currently aware of a number of opportunities in the mining sector and are seeking

external finance to enable them to carry out the required level of due diligence required before an

investment is made. If necessary further funding would be sought to allow an investment to proceed.

The Company will seek opportunities through the investment of capital by the issue of new ordinary shares

or other securities in the Company where part of or all of the consideration could be satisfied by that

means. The opportunities would generally have some or all of the following characteristics, namely:

* Opportunities initially in the Company's target sector of minerals and precious metals anywhere in

the world.

* Potential for significant capital growth.

* Opportunities where the vendors would consider the issuance of new ordinary shares as part of or

all of the consideration of the transaction.

In accordance with the proposed investment strategy of the Company it is proposed, pursuant to shareholder

approval at the General Meeting to appoint Enrique Lopez de Mesa, to the board.

The Directors believe that with this appointment in place they will collectively have the relevant

experience and access to experts, to deliver opportunities and intend to utilise this experience in making

investments and acquisitions in the chosen sector. They will use their experience to identify appropriate

investment opportunities, undertake due diligence and negotiate agreements. However, in the event that the

company has not made a material investment within one year following the general meeting it will either

seek shareholder's approval in respect of each subsequent year for the further pursuit of its investment

strategy or return its remaining cash to shareholders.

Enrique López de Mesa graduated from McGill University in 1986 with a Bachelor of Arts degree in Economics

and from the University of Toronto in 1995 with a Masters of Business Administration qualification. He

began his career in the investment banking arm of Barclays Plc, where he spent seven years. He then served

as a director of corporate finance at St James Securities (which became Northern Securities Inc). Later

from 2000 to 2002, he was a director of corporate finance of Price Waterhouse Coopers Securities Inc. His

investment banking and corporate finance experience at PWC Securities and Barclays Plc's investment bank

includes debt and equity issues, M&A and valuations in a variety of sectors. From 2002 to 2007, he was a

vice president of Kingsway Capital of Canada Inc. He is currently a director of PLUS-quoted Mandarin Mining

plc. He has held office as chief executive officer and president of Alpaca Resources Inc. and Southern

Oregon Gold Corp. He has been a director of Veraz Petroleum Limited and a non-executive chairman of

Petrolympic Limited, since 2007. He has been president and chief operating officer of Sino Vanadium Inc.

from May 2010 to March 2011.

Enrique López de Mesa holds or has held the following directorships within the five years prior to the date

of this announcement.

Current directorships:

Petrolympic Limited (Ontario, Canada)

Veraz Petroleum Limited (Alberta, Canada)

Protea Inc (Ontario, Canada)

Mandarin Mining plc

Previous directorships:

Planktos Corp (Nevada, USA)

Innocent Inc (Nevada, USA)

Southern Oregon Gold Corp (Ontario, Canada)

Alpaca Resources Inc (Ontario, Canada)

Finally the Directors also propose that the Company changes its name to 'Aspartus Resources Plc'. This name

symbolises the new direction that the Company wishes to undertake in relation to its proposed investment

strategy.

The Directors of the Issuer accept responsibility for this announcement.

20 April 2011

FOR FURTHER INFORMATION PLEASE CONTACT:

Nigel Weller

Aspartus PLC

Finsgate

5-7 Cranwood Street

London

EC1V 9EE

Tel: +44 (0) 20 7309 2280

Fax: +44 (0) 20 7566 0023

Jon Isaacs

Alfred Henry Corporate Finance Limited

Tel: +44 (0) 20 7251 3762

www.alfredhenry.com

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