Final Results

Leed Resources PLC

("Leed" or the "Company")

Final results for the year ended 30 June 2013

Leed, the AIM quoted natural resources investment company, is pleased to announce its final results for the year ended 30 June 2013.

Chairman's Statement

During the period under review, the Directors continued to seek reverse or substantial investment opportunities which would bring enhanced value to shareholders and have seen a range of proposed transactions. One in particular looked attractive and we finalised and entered into heads of terms. However the incoming party later sought to alter the terms in a way which we did not think was justified or in the interests of shareholders. It was therefore not possible to reach a final agreement.

Since then we have reviewed other transactions but have not found one to date that has passed the tests for a successful reverse transaction in present market conditions. The past year has been a difficult one for the resources sector and there are a number of good resource companies and projects that are struggling to raise capital in the market. The market has become wary of pure exploration plays, as we are, and the task has been to find a project that can be funded to a point where definitive extra value has been created, given the level of resources that we have, together with those that the incoming party and its advisers could bring to bear. We have been unwilling over the period in question to finance projects or entertain reverses where substantial additional funds would be required in the future and where there was not reasonable clarity as to how or whether this funding could be obtained. Given the greater difficulty in raising funds in the resource sector over the past year, we felt that this would be imprudent and would leave the Company as a hostage to fortune.

Having said that, we therefore continue to believe that Leed is in a strong position to deliver value through a transaction in the period ahead, but it needs to continue to approach projects with a critical eye and to ensure that any transaction is completed on terms that reflect the current market situation.

Manas Coal LLC ("Manas"), where as you will be aware, we have recently announced a decision to make a full impairment provision, unfortunately exemplifies the issue I raised above - the problem of providing funds to a company or project which is dependent on sizeable further future fundraising. When we made the investment, exploration projects were more readily financeable than they are now and coal prices were better. Our investment was made on the basis that the principal UK-based shareholders/promoters would raise sufficient funds to prove up the resource, produce a viable development plan and then bring the project to AIM or another quoted market. In the event, despite a series of false starts, they have brought in only minimal additional funding. While the dispute over part of the licence area - a dispute which was not apparent at all at the time when we made the investment - was a good reason for holding back on further investment and development for a period, this eventually resulted in the licence being put altogether into jeopardy. The loss of the licence has been averted at least in the short term but the fact remains that Manas has not taken the project forward due to lack of funding, it has not been able to engage on-the-ground mining expertise in Kyrgyzstan and now it appears that the other principal stakeholders are in serious disagreement.

We made efforts during the summer and autumn to bring all stakeholders together to provide further finance but to little effect. Leed was certainly not able to finance it alone - it was a financial investment by Leed in the first place and we do not have either the financial or the personnel resource to fund and manage a development of this scale in Central Asia.

This is obviously very disappointing but the Directors felt that a full provision was necessary given the continuing uncertainty surrounding the project and, in particular on the financing front. We will continue to work with Manas and seek ways by which the project can be progressed and hopefully bring back some value for Leed shareholders.

The Directors thank the shareholders for their continuing support as we continue to review reverse transaction or investment opportunities that we believe will bring long term sustainable value enhancement.

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Investing policy

Leed is an investing company quoted on AIM, focused on opportunities in the natural resources sector, with an emphasis mainly but not exclusively on the oil and gas sector. In line with this policy, the proposed investments to be made by the Company may be either quoted or unquoted; made by direct acquisition or through farm-ins; may be in companies, partnerships, joint ventures; or direct interests in natural resource projects. Target investments will generally be involved in projects in the exploration and/or development stage. The Company's equity interest in a proposed investment may range from a minority position to 100 per cent ownership. The Directors will initially focus on projects located in Africa but will also consider investments in other geographical regions. It is likely that the Company's financial resources will be invested in a small number of projects or potentially in just one investment which may be deemed to be a reverse takeover under the AIM Rules. The Directors have not, however, excluded the possibility of building a broader portfolio of investment assets. The Company intends to deliver shareholder returns principally through capital growth rather than capital distribution via dividends.

Financial review

The Company recorded a loss after taxation of £1,339,000 for the period ended 30 June 2013, as compared to the restated loss of £372,000 for the prior year.

As at 30 June 2013 the Company held approximately £1,767,000 in cash and £32,000 in quoted investments.

Key performance indicators

The Company's chief measurements of performance are the net asset value per share, share price and market capitalisation.

Peter Redmond

Chairman

19 December 2013

Statement of comprehensive incomefor the year ended 30 June 2013

Statement of changes in equityfor the year ended 30 June 2013

Statement of Financial Positionfor the year ended 30 June 2013

Statement of Cash Flowsfor the year ended 30 June 2013

1. General information

Leed Resources PLC is a publicly quoted company registered in the United Kingdom. The address of its registered office is CityPoint, One Ropemaker Street, London, EC2Y 9AW.

2. Loss for the period

Selected items comprising the loss for the years ended 30 June 2013 and 2012, respectively are as follows:

3. Loss per Ordinary Share

A recap of loss per ordinary share and weighted average shares outstanding for the years ended 30 June 2013 and 2012, respectively, follows:

4. Investments

The Company operates as an investment company in the natural resources industry.

LEVEL 1 - Where financial instruments are traded in active financial markets, fair value is determined by reference to the appropriate quoted market price at the reporting date. Active markets are those in which transactions occur in significant frequency and volume to provide pricing information on an on-going basis.

LEVEL 3 - Valuations in this level are those with inputs that are not based on observable market data.

5. Share capital

The share capital is as follows:

The deferred shares have restricted rights such that they have no economic value.

On 18 October 2012, the Company issued 227,272,727 ordinary shares of 0.1p each for cash at 0.22p per share, raising £500,000 before expenses

On 24 October 2012, the Company issued 208,636,363 ordinary shares of 0.1p each for cash at 0.22p per share, raising £459,000 before expenses.

Warrants

The warrants outstanding are summarised as follows:

6. Post year end events

There have been no material events since the year end.

Copies of the annual report and accounts for Leed for the year ended 30 June 2013 are been sent to shareholders and will shortly be available on the Company's website at www.leedresourcesplc.com.