Company Information for Cambridge Mineral Resources Plc

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Company Statement

Cambridge Mineral Resources (“CMR”) is a mining, exploration and production company quoted on the Alternative Investment Market (AIM) of the London Stock Exchange under the stock symbol CMR.

CMR's principal focus is the exploration for, and production of precious metals in South America. CMR also owns interests in gold, copper, zinc and uranium projects in Europe. The Company has a strong portfolio of mineral projects at varying stages of commercialization, supporting its strategy of providing shareholders with attractive upside opportunities.

Company Strategy

CMR’s mission is to become a significant producer of precious metals in order to deliver absolute shareholder returns in the medium term. This process is already underway and has entailed evolving from our mineral exploration background to mine acquisition, development and operation.

South America
Our strategy to achieve these objectives is to build a portfolio of high-grade gold mines in South America which cumulatively generate over 100,000 ounces of gold per annum by 2010. We have already established limited mining activities in Peru. However, the primary focus of this growth plan is Colombia, a country rich in gold endowment but which has remained relatively unexploited in modern times, notwithstanding the improving socio-economic and political conditions. Our targeted level of output would make CMR the largest single gold producer in Colombia in current terms.

We are building our asset base via the acquisition of established, high-grade but low-output gold mines, currently worked by artisanal methods, but which offer the potential to establish significant reserves of ore hosting high-grade gold. Our option-based acquisition approach enables us to undertake comprehensive mine evaluation and actual development in order to prove-up reserves in the process, before the feasibility is taken and full production is commenced. This approach has the benefits of low-entry cost, flexibility and spreads risk across multiple projects.

Operationally, we plan to uplift mine production by the introduction of modern equipment and mining methodologies and at the same time upgrade access, infrastructure and administration.

The mines being acquired are within the Antioquia district of Colombia and where we will also establish a strategically-located gold production plant with which to process the ores from our network of mines.

Funding to date has been provided by equity finance. However, the expansion into major gold production is to be funded by project finance comprising equity and debt finance tailored to our production and cashflow projections.

Europe
CMR has already established significant mineral resources in Spain and the Balkans. Exploration programs are ongoing in order to expand these assets. Our strategy is to advance these projects under joint ventures in which we have a free-carry in cost-contribution terms. The Balkans is already partnered with Electrum Gold Inc. In Spain a joint venture partner is presently being sought. Where projects advance to production CMR’s joint venture interests would deliver cost-efficient returns on initial investment.

Current Operations

Ore Reserves and Resources Tabulation

Project	Country	Status	Resource
Quintana	Colombia	Total Reserves Inferred Resource	24 736.70t @ 7.33g/t Au; 11.87g/t Ag 87 581.00t @ 28.52g/t Au; 21.17g/t Ag
Rasuhuilca	Peru	Proven & Probable Reserve (JORC Standard) Measured, Indicated and Inferred Resource	168,700 tonnes @ 3.05 g/t Au, 216 g/t Ag (368 g/t Ag Equivalent) at a 2.5 g/t Au Equivalent cutoff 321,100 tonnes @ 2.15 g/t Au, 185.2 g/t Ag (252g/t Ag Equivalent) at a 75 g/t Ag Equivalent cutoff
Tashlaka Hill	Bulgaria	Indicated Resource (JORC)	15.8Mt @ 0.85 g/t Au (0.6 g/t Au cutoff)
Chaira	Bulgaria	Indicated Resource (CIS System C1 & C2)	6.74Mt @ 2.11g/t Au (0.6g/t Au cutoff)
Lomero-Poyatos	Spain	Indicated Resource (JORC)	3.71Mt @ 3.26g/t Au, 27.8 g/t Ag, 0.87% Cu, 1.57% Zn, 1.16% Pb (1.5 g/t Au cutoff)
Masa Valverde	Spain	Indicated Resource (JORC)	11.95 Mt @ 0.57% Cu 1.28% Pb, 4.30% Zn, 41.9 g/t Ag, 0.86 g/t Au (3% Zn cutoff) and 79.95 Mt @ 0.76% Cu 0.38% Zn,1.28% Pb 22.4g/t Ag, 0.43 g/t Au (0.5% Cu cutoff)

The Reserves and Resources stated above have been completed according to the recommendations of the Joint Ore Reserves Committees of the Australian Institute of Mining & Metallurgy. Accordingly all statements and classifications of Reserves and Resources are made accordingly.  

Geographical Spread

Colombia
Peru
Bulgaria
Spain

Board of Directors and Key Management

Neil MacLachlan	Chairman
Colin Andrew	Managing Director
Michael Burton	Finance Director
Nevyanka Mateeva	Non-Executive Director

Company Address 10 Fenchurch Avenue London, United Kingdom EC3M 5BN Telephone: +44(0)207 663 5618 Facsimile: +44(0)207 663 5700 Email: office[at]cambmin.co.uk Website: http://www.cambmin.co.uk

Annual General Meeting TBA

Year End 31 December

Nominated Brokers Haywood Securities Hichens, Harrison & Co.

Nominated Advisors Ruegg & Co.

Major Shareholders

Major Shareholders	Amount	% Holding
Allianz	47,500,000	13.38%
TD Waterhouse	31,107,582	8.43%
Barclays	29,294,670	7.94%
Michael Copper	19,250,255	5.21%

Related News

14/01/09 - The Combination Of Cambrian Mining With Western Canadian Coal Does Make Sense, But You Don't Have To Like It
20/11/08 - First Gold Production From Cambridge Mineral Resources Puts The Company’s Past, Present And Future In A Different Light
03/09/08 - Cambridge Minerals Confirms That It Is On Target For Initial Gold Production By The Year End
30/01/08 - Cambridge Minerals Borrows Crucial Funds To Get Into Production

Most Recent Statement

09/04/09 - Letter of Intent regarding sale of Spanish Subsidiary
27/02/09 - Update on Financial Position
30/01/09 - Resignation of NOMAD
14/01/09 - Notice from Provider of Finance
31/12/08 - Total Voting Rights
12/12/08 - Placing