Divestiture of Vietnam Assets

Triple Plate Junction Plc

("TPJ" or the "Company")

Divestiture of Vietnam Assets

TPJ announces that, pursuant to its broader strategy to withdraw from its non-core Vietnam assets, it has entered into an exclusive option agreement to sell the entire issue share capital of Triple Plate Junction Limited ("TPJL") to Bill Howell for the consideration of £1 (the "Option Agreement"). The Company's subsidiary Triple Plate Junction (South Pacific) Limited is the parent company of TPJL which holds a 70% interest in the joint venture project under a mineral exploration licence covering an area of 27km² at Pu Sam Cap, Lai Chau Province, Vietnam (the "Vietnam Licence").

The Option Agreement is conditional upon:

a) Bill Howell (or his nominated alternate) entering into an indemnity, in a form acceptable to TPJ, covering the costs and expenses incurred by TPJ or TPJL from 15 September 2012 for withdrawing from Vietnam; and

b) TPJ and Bill Howell entering into a contract for the grant to TPJ of a 10% undilutable carried interest in the Vietnam Licence through to the point of commencement of commercial production of a mine at the project.

Subject to the satisfaction of these conditions, the above detailed option may be exercised any time at Bill Howell's discretion before 10 December 2012.

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