The Crater Mountain Project

12 August 2011

Triple Plate Junction Plc

("TPJ" or the "Company")

The Crater Mountain Project

The Company notes that on 11th August 2011 Celtic Minerals Ltd (CWE:CNSX) announced that "The Register of Mining Tenements of the Independent State of Papua New Guinea has confirmed that Celtic Minerals is currently registered as holding a 7.88% direct interest" in the Crater Mountain project .

In light of this announcement, the Company would like to clarify what its understanding is of the ownership structure of the Crater Mountain project.

The current registered interests of the parties in the project are as follows:

In August 2007, TPJ, with the consent of New Guinea Gold and Celtic Minerals, entered into a farm in agreement with Gold Anomaly ("GOA") under which GOA would become the majority partner following an earn-in. The Company understands that GOA is currently in the process of updating the Register to take account of its earn in over the last two years, which should have the effect of diluting the interests of all parties.

The Company estimates that following this dilution its percentage holding will be approximately 18%, as previously stated.

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

Financial Dynamics +44 (0) 20 7831 3113

Ben Brewerton / Oliver Winters

This announcement is also available on the Company's web site: www.tpjunction.com