Issue of Equity

27 September 2011

Triple Plate Junction Plc

("TPJ" or the "Company")

Placing of £2.2 million

The Company is pleased to announce that it has raised £2.20 million, before expenses, by means of a placing (the "Placing"), with new and existing investors, of 48,939,295 new ordinary shares of 1 pence each, in aggregate, (the "Placing Shares") at a price of 4.5 pence per new ordinary share representing a 9% premium to the closing mid market price on 26 September 2011.

Fraser McGee, Chief Executive, said

"I am delighted with the support that the Company has received from existing as well as new institutional investors. To be able to raise these funds given the ongoing market turbulence and at a premium to the current share price is a further validation of the prospects for the Company and the quality of our assets and joint venture partners, which include the world's top three gold producers - Barrick, Newmont and Newcrest.

These funds will enable us to continue the excellent working relationships we have established with our partners and maintain our interests as a number of the projects move into exciting drilling phases.

I would like to thank our existing shareholders for their continued support and welcome our new investors. I look forward to providing further updates on all of our projects during the final quarter of this year."

Application has been made to the London Stock Exchange for the New Placing Shares to be admitted to trading on AIM. Admission is expected to take place on two dates. 36,717,073 Placing Shares are expected to be admitted to trading on AIM at 8.00 am on 30 September 2011 ("First Admission") and 12,222,222 Placing Shares are expected to be admitted to trading at 8.00 am on AIM on 17 October 2011 ("Second Admission"). The Placing Shares will rank pari passu with the existing issued ordinary shares.

Following the issue of the Placing Shares, the Company's total issued share capital will consist of 334,123,383 ordinary shares after First Admission and 346,345,605 Ordinary Shares after Second Admission. The Company holds no shares in treasury. Therefore, the total number of voting rights in the Company will be 334,123,383 ordinary shares after First Admission and 346,345,605 ordinary shares after Second Admission ("Enlarged Share Capital"). The applicable figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Services Authority's Disclosure and Transparency Rules.

Newmont Ventures Limited ("Newmont"), who has subscribed for 12,423,801 Placing Shares, is a significant shareholder in the Company. As such, Newmont's participation in the Placing is deemed to be a related party transaction under Rule 13 of the AIM Rules for Companies. The directors consider, having consulted with the Company's Nominated Adviser, that the terms of the Placing are fair and reasonable as far as the Company's shareholders are concerned.

The Directors of TPJ have subscribed for 638,389 Placing Shares in aggregate and their interests are set out in the table below.

*If Resolution 7 is passed at the Company's Annual General Meeting on 30 September 2011, the directors' interests will increase as set out in previous announcements by the Company.

For further information, please contact:

Triple Plate Junction Plc +44 (0) 7775 693 237

Fraser McGee

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

Antony Legge / Oliver Rigby

FTI Consulting +44 (0) 20 7831 3113

Oliver Winters/Georgia Mann

This announcement and the placing presentation are also available on the Company's web site: www.tpjunction.com