Net Asset Value(s)

22 October 2012

PRAETORIAN RESOURCES LIMITED

(the "Company" or "Praetorian")

Un-audited NAV

Valuation date: 30 September 2012

Currency GBP

NAV per share 0.4556

Total NAV 22,928,722

Shares in Issue 50,331,901

Subsequent quarterly NAV numbers will be released to the market on or around the 15th of the following month.

This and all future valuations will be calculated under IFRS and as such Praetorian uses the bid prices to value its underlying investments. 

The Praetorian board intends to release a full update on the Company's progress and investments in conjunction with the 31 December 2012 NAV (on or around 15 January 2013).

Enquiries

Richard Baty Westhouse Securities Limited +44 20 7601 6100

Petre Norton Nominated Adviser

Guy Wilkes Ocean Equities Limited +44 207 786 4370

Broker

Registered Office: 11 New Street, St Peter Port, Guernsey, GY1 2PF

END OF ANNOUNCEMENT