Appointment of Chief executive and Board change

13 January 2011

Triple Plate Junction Plc

("TPJ" or the "Company")

Appointment of new Chief executive and Board changes

The Company is pleased to announce that Fraser McGee has joined the Board as the Chief Executive with immediate effect. Fraser, aged 38, is a qualified solicitor specialised in corporate finance work having worked at prominent City law firms before he moved to the in-house legal teams of two investment banks. Fraser joins TPJ from RAB Capital plc's Special Situations Fund, a major globally focused natural resources investment fund, where he was responsible for investments into and working with the management teams of a wide variety of mining businesses. He brings to the Company much valuable experience, including developing and growing small cap mining companies for the benefit of shareholders. It is intended that Fraser will be granted 12,071,124 options over 12,071,124 Ordinary Shares exercisable at 5 pence per share (based on the last 30 day average closing price) and vesting over a three year period subject to certain performance conditions. A further announcement will be made in this regard in due course.

In addition, to streamline decision making, an Advisory Board (which will report to Fraser McGee) is being established to focus the company's exploration efforts.

Bill Howell, who has acted as Interim Chief Executive since June 2010, is stepping down from that role with immediate effect but staying on the Board. Bill was appointed Chief Executive on an interim basis until the company had been re-financed and was able to re-focus on developing its exploration projects. Bill will now devote his time to the newly re-invigorated exploration programme in Vietnam, relations with the Vietnamese Government, and the progress of the Company's joint ventures with Barrick, Gold Anomaly, Newcrest and Newmont.

Patrick Gorman, Non-Executive Director, has been appointed Chairman of the Advisory Board, whose other members are Bill Howell and John Catchpole, who has been engaged by TPJ as a part time adviser and consultant. John is a Managing Director for Behre Dolbear and was formerly a board member of Dragon Capital and CEO of Avocet.

The resignation of Terry Cross, the Finance Director, was announced on 31 December 2010.

Accordingly the Company Board now comprises Fraser McGee (Chief Executive), Bill Howell (Exploration Director), Patrick Gorman (Non-Executive Director), Chris Goss (Non-Executive Director) and Tony Shearer (Non-Executive Chairman).

Tony Shearer said "Since Patrick and I joined the Board of TPJ on 1 June 2010 significant progress has been made in securing the future of the Company due to the efforts of Bill, Patrick, Chris and Terry. Following the successful placing in November 2010, the Company is now in a sound financial position and able to focus on the tasks ahead. Accordingly we have created a specialist Advisory Board with the skills and experience we need as we look to deliver value for all Triple Plate shareholders.

I welcome John to the team, and look forward to the contribution that the Advisory Board will make in TPJ's future."

Fraser McGee said "I am delighted to be joining TPJ. It has joint ventures with three of the biggest mining companies in the world, and some very exciting prospects in Vietnam and Papua New Guinea. Now that the uncertainty relating to its funding has been resolved, I see big opportunities to create real value for shareholders"

Additional information to be disclosed:

Fraser McGee (aged 38)

Current directorships:

HM Resources Investment Company LLP - LLP Designated Member

There are no further details required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules in relation to Mr McGee.

For further information, please contact:

Triple Plate Junction Plc +44 (0) 20 7602 1570

Tony Shearer

Daniel Stewart & Company plc +44 (0) 20 7776 6550

Antony Legge / Oliver Rigby

Financial Dynamics +44 (0) 20 7831 3113

Ben Brewerton / Oliver Winters

This announcement is also available on the Company's web site: www.tpjunction.com