Update re Company and Appointments

28th June 2010

AIM: TPJ

Triple Plate Junction PLC

(the "Company" or "TPJ")

BOARD AND KEY APPOINTMENTS, GRANT OF SHARE OPTIONS AND UPDATE

Highlights:

·; Chris Goss appointed as a non-executive director

·; Terry Cross appointed as Chief Financial officer

·; Share options granted to directors and senior management

·; Opportunities to bolster financial position under review

BOARD AND KEY APPOINTMENTS

Triple Plate Junction the AIM listed gold exploration company focussed on South East Asia today announces the appointment of Chris Goss as a Non-Executive Director of the Board of the Company. The Board now comprises Bill Howell (Interim Chief Executive), Patrick Gorman (Non-Executive Director), Tony Shearer (Non-Executive Chairman) and Chris Goss (Non-Executive Director).

TPJ further announces that Terry Cross has been appointed Chief Financial Officer, with the intention that he will join the Board in the near future.

Chris Gossretired in May 2010 from the IFC (International Finance Corporation), the private sector arm of the World Bank Group. IFC is a leader in project finance in emerging markets. Since 2006, Chris was based in London, leading IFC's business development for mining and oil and gas from London. He and his London team originated and structured several equity investments in junior mining and oil and gas companies and he also managed the relationship with major IFC clients headquartered in London, including Rio Tinto, Anglo American and Lonmin. Chris previously led IFC mining transactions in Africa, Russia, Central Asia and Latin America. He was with IFC's Global Advisory Group, focusing on Emerging Europe in the early 1990's and he led IFC's re-engagement in former Yugoslavia, following the fall of President Milosevic. Prior to joining IFC, Chris was an Assistant Director in the Commonwealth Secretariat, advising African Governments in natural resource policy and negotiations, especially in Ghana, Tanzania, Mozambique and Swaziland. Chris has also worked with the UK Department of Energy on North Sea Oil and with the UNDP. He has a MA in Development Economics from the University of Sussex and a BA in Economics from Cambridge University.

Terry Cross has extensive finance experience at senior management and board level in small and "blue chip" companies, both in the UK and South Africa, including significant experience with mining companies listed on AIM, including Alexander Mining plc and Chaarat Gold Holdings Limited, and in South Africa. He holds an MBA from the University of the Witwatersrand, Johannesburg, an Advanced Financial Management Diploma from the Institute of Chartered Secretaries and Administrators, and a Bachelor of Commerce from the University of South Africa, Pretoria.

GRANT OF SHARE OPTIONS

On 25th June 2010 the Company granted options over 7,000,000 Ordinary shares of 1p in the Company ("Shares") at an exercise price of 1.1p per Share as follows in accordance with the Company's unapproved share option plan:

These share options will fully vest over a three year period with one-third vesting on each of June 1st 2011, 2012 and 2013. Options will only be exercisable when vested and provided the TPJ mid-market share price has doubled from the mid-price at which the options were issued, being 0.95p as at the date of grant. All the above options shall immediately vest should a takeover of TPJ be declared fully unconditional at any time during the 3 year period ending 1st June 2013.

FINANCIAL POSITION

At present TPJ has less than £50,000 of available cash and does not currently have shareholder authority for the allotment of further Shares in order to raise new equity capital. The Board intends to seek authority from shareholders, at a general meeting of the Company to be held no later than the end of September 2010, to allot further Shares and intends, thereafter, to explore funding alternatives which may include an equity fundraising, subject to market conditions. The Board is currently in discussions with a number of shareholders in relation to the provision of convertible loans to provide the Company with the necessary operating capital until such time, and a further announcement will be made in this respect in due course.

In order to preserve the Company's cash balance the Non-Executive Directors have deferred receipt of their monthly remuneration, and each of them, as well as Mr Howell and Mr Cross, have the option of receiving up to 25% of their first year's remuneration in the form of Shares in lieu of cash, at 1p per Share. Should this option be determined, the issue of such Shares will be subject to the Board having obtained the relevant authority from shareholders.

Tony Shearer said:

"I am pleased that we are able to announce these appointments bringing with them their substantial experience, and also with the progress that we are making in understanding the opportunities and issues that face the Company. The Board intends to report to shareholders in more detail at the end of July, and to hold a General Meeting of the Company by no later than the end of September at which time it will set out its proposed plans ."

Enquiries:

Additional information to be disclosed:

Christopher Goss (aged 52)

Current directorships:

39 Eaton Place Brighton Management Limited

Previous directorships (last 5 years):

None

Mr Goss currently has no interest in TPJ shares (other than options as disclosed above).

There are no further details required to be disclosed pursuant to Schedule Two, paragraph (g) of the AIM Rules in relation to Mr Goss.

END