Exploration Results from Morobe Gold Project

22 November 2010

Triple Plate Junction Plc

("TPJ" or the "Company")

Exploration Results from Morobe Gold Project

TPJ, the AIM-listed gold exploration company focused on South East Asia, is pleased to announce that it has received positive new exploration results from the Morobe project in Papua New Guinea.

Preliminary interpretation of the results from an Induced Polarization ("IP") geophysical survey, carried out at the Hides Creek prospect by NVL PNG Limited, a subsidiary of Newmont Ventures Limited and TPJ's joint venture partner in the Morobe project, "indicate that there are significant sulphide[s] associated with the system…The data is complex, certainly encouraging and suggests potential for a mineralized porphyry* at depth."

The Hides Creek prospect is 40km south west of the recently commissioned Hidden Valley gold mine (5.8Moz) and 80km south of the major Wafi-Golpu gold-copper porphyry discovery (30 Moz gold and 8 Mt copper being targeted), both of which are managed by Harmony Gold-Newcrest Mining.

Tony Shearer, TPJ's chairman, said:

"These results, together with previously obtained data, indicate the presence of a system at depth that has the configuration and dimensions typical of a porphyry system. We look forward to the anticipated 2011 drilling programme with high hopes to determine if there is economic grade gold-copper mineralization that could generate significant value for shareholders."

* Porphyry in this context is a general term for a large body of mainly igneous porphyritic rock containing sulphide minerals with or without precious metals which although relatively low-grade can be operated by large scale bulk mining methods at low cost. Porphyry deposits are typically mined for copper and/or gold and/or molybdenum.

WJS (Bill) Howell, BSc (Hons), FAusIMM as the competent person under the JORC 2004 code has reviewed this statement and authorised its release.

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

The directors of TPJ accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the TPJ directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. 

Daniel Stewart & Co, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively as financial adviser to TPJ and no-one else in connection with the possible offer and the other matters described in this announcement and will not be responsible to anyone other than TPJ for providing the protections afforded to clients of Daniel Stewart & Co or for providing advice in relation to the possible offer, the contents of this announcement or any other matter referred to herein.

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