Statement re share price movement

NEOS Resources plc ("NEOS" or the "Company")

Operational Update

NEOS notes the recent material rise in its share price for which the board knows no reason.

As announced on 12 April 2013 the Company has contracted to supply 500 tonnes of UCO to a global energy group and it continues to supply in to this agreement and has delivered 250 tonnes to date. The Company still expects successful completion of this contract to lead to increasing volumes. As previously stated the Company intends to pursue further sales opportunities where the opportunity is expected to yield an attractive margin and make a contribution to the Company's overhead.

The Group's financial position remains in line with previous announcements and at 30 June 2013 the Group's cash balance was approximately £525,000. As previously set out the Company's cash burn has been significantly reduced over the last few months

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