Result of General Meeting

21 August 2014

Plutus Resources plc

("Plutus Resources" or the "Company")

Acquisition of Plutus Energy Limited and £0.8 million Placing

Result of General Meeting

Further to the announcement made by Plutus Resources on 5 August 2014, the Company is pleased to confirm that all resolutions proposed at the General Meeting held earlier today, regarding the reverse takeover of Plutus Energy Limited, were duly passed.

It is expected that completion of the Acquisition and Placing will take place at 8.00 a.m. on 22 August 2014. Also on that date it is expected that the suspension in trading of the Company's securities on AIM will be lifted and the entire issued share capital of the Company, as enlarged by the Acquisition and the Placing, will be re-admitted to trading on AIM ("Admission").

The Company will change its name to Plutus PowerGen plc. This is expected to become effective on Admission. Once the name change is effective, the Ordinary Shares will trade under the ticker code PPG.L. The ISIN, GB00B1GDWB47 will not change.

The same definitions apply throughout this announcement as are applied in the Admission Document, published on 5 August 2014, which is available for download from the Company's website, www.plutusresourcesplc.com and will be available shortly at www.plutuspowergen.com.

Enquiries:

Plutus Resources plc

+44 (0) 20 8720 6562

Charles Tatnall

James Longley

SP Angel Corporate Finance LLP

Nomad & Broker

+44 (0) 20 3463 2260

Ewan Leggat

Laura Harrison