Minerva Resources Plc (MVA)

Minerva Resources Plc (MVA)

Interim Results for the six months ended 31 March 2008

Highlights;

• Appointment of new Chief Financial Officer
• Official opening of company office in Addis Ababa, Ethiopia
• Loss for the six months ended 31 March 2008 was £469,445 (0.40p per share) compared with a loss of £311,827 (0.51p per share) for the same period in the previous year
• The group spent £481,792 on exploration during the period
• Exciting early results from the Tulu Kapi gold project in Ethiopia
• Sale of Palladex KR LLC, the Company’s  wholly owned Kyrgyzstan exploration company, to Lingxi Ltd Investment Company, Urumqi, China for US$2,000,000
• Agreement to acquire a further 22% interest in Yubdo Platinum & Gold Development PLC for a maximum consideration of US$5,000,000

For more information please go to www.minervaresources.com

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