Update on Vietnam and Papua New Guinea

10 March 2011

Triple Plate Junction Plc

("TPJ" or the "Company")

Update on Vietnam and Papua New Guinea

·; Performance Deposit on Vietnamese Exploration Licence Returned in Full

·; Drilling to proceed forthwith on high-grade gold veins at Bai Bang, Pu Sam Cap

·; Newcrest's success at the Wafi-Golpu project adjacent to TPJ's Morobe prospect

Vietnam

TPJ, the AIM-listed gold exploration company focused on South East Asia, is pleased to announce that the Vietnam Ministry of Natural Resources and Environment is satisfied that sufficient work has been undertaken by TPJ in relation to the Pu Sam Cap project in the Lai Chau Province of north-western Vietnam within the required timeframe and so has returned to the Company the US$225,000 performance deposit.

The performance deposit was lodged by the Company under Vietnamese law as part of the Company's commitment to carry out its planned exploration programme and represents 25% of the estimated first year exploration expenditure.

Pu Sam Cap has long been recognized as a large gold-copper mineralized centre. It has been estimated that in the 1990s some 3,000 local artisanal miners were extracting gold from a series of veins over an area covering 10 km2 centred at Bai Bang. Work by TPJ since 2005 has confirmed that these veins vary up to 2 metres in thickness and can be traced through a vertical interval in excess of 500 metres and along strike lengths ranging up to 2,000 metres. Previous rock chip sampling of outcrop returned widespread high-grade values up to 126 g/t gold and sampling across the veins in near-surface underground workings gave an average value of 13.4 g/t gold. Scout diamond drilling on one of the veins intercepted a 2 metre interval at 7.9 g/t gold, including 1 metre at 12.4 g/t gold.

TPJ has a 70% interest in the Pu Sam Cap project with the remaining 30% being held by Vietnamese central and provincial state companies which is carried to completion of a feasibility study.

A drilling contract is in the process of being drawn up to commence diamond drilling by the end of March 2011. The drilling programme is designed to establish continuity of gold grade in the veins and to define a preliminary inferred gold resource by the end of 2011. Further updates will be provided over the next few months as the Company receives results back from the programme.

Papua New Guinea

The Company also notes that on 4 March 2011 Newcrest made the following announcement in respect of the Newcrest-Harmony Wafi-Golpu gold-copper project in Papua New Guinea:

"Assay results have been received for recently completed drill hole WR377 at Wafi-Golpu. WR377 intersected 883 metres @ 2.15% Cu and 2.23g/t Au from 913 metres (0.3% Cu cut off and 10m internal waste) including 628 metres @ 2.82% Cu and 3.06g/t Au from 1,043 metres (1.0% Cu cut off and 10m internal waste). This is the highest grade intersection at Golpu to date and extends the Golpu mineralisation a further 70 metres north. The Golpu mineralisation remains open to the north and at

depth. WR377 intersected 558 metres of mineralised porphyry and was completed to a final depth of 1,907 metres."

Previous announcements by Newcrest-Harmony in August 2010 gave measured, indicated and inferred mineral resources for Wafi-Golpu totalling approximately 640 million tonnes containing 16 million ounces of gold and 4.9 million tonnes of copper. It was further announced that subsequent drilling to October 2010 supported a revised exploration target for Wafi-Golpu in excess of 30 million ounces of gold and 8 million tonnes of copper.

Assay results from Wafi-Golpu are therefore potentially significant for TPJ as the project is adjacent to the Company's large ground holdings under its joint ventures with each of Newmont and with Barrick.

Fraser McGee, TPJ's Chief Executive said:

"The prompt refund of the performance deposit by the Vietnamese Government authorities is very much welcomed and gives TPJ the confidence and impetus to proceed with the drilling programme forthwith. We are also very pleased to see the success of drilling at Wafi-Golpu adjacent to our prospective joint venture areas."

TPJ's Director of Exploration Bill Howell, BSc (Hons), FAusIMM as the competent person under the JORC 2004 code has reviewed this statement and authorised its release.

 For further information, please contact:

Triple Plate Junction Plc

Fraser McGee +44 (0) 7776 693237

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