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Company Information for Persian Gold Plc

AIM-PNG

www.persiangoldplc.com

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AIM; PNG

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Company Statement

Persian Gold is an Irish based AIM quoted company that was formed in 2003 to examine and explore for large gold deposits in the altered volcanics of Iran. The Company’s strategy is to discover significant porphyry copper-gold and volcanic hosted gold deposits similar to those found in the Andes of South America in the past 10 years which have developed into some of the largest and most profitable gold and copper mines in the World.

Iran possesses some of the largest natural resource deposits in the world particularly in the Tethyan belt, which stretches from Turkey over Iran to Pakistan. Persian Gold’s projects are located in this prolific central volcanic belt which confirms the mineral potential of them. Largely unexplored in the last 30 years, Iran has low operating costs and excellent infrastructure with a highly educated and well trained workforce.

Current Operations

Chah-e-Zard Gold Project
The Chah-e-Zard gold project is located approximately 550km southeast of the capital city of Tehran near the city of Yazd. Persian Gold holds an option to acquire a 70% equity interest in the project, which it is currently exercising. Two phases of drilling and trenching have been completed including a total of 38 diamond drill holes. The corporate goal is to define a near surface oxide gold resource and to develop a profitable open pit, heap leach mine. All project results have been modelled to determine the size, grade and engineering characteristics of the mineralisation as defined in the Southern Zone. The modelled results of the drilling results indicate a near surface resource of 160,000 ounces of gold and 1 million ounces of silver in the Southern Zone.

Dalli Project
The Dalli gold-copper porphyry project is located approximately 200km southwest of Tehran within the central volcanic belt that hosts two other major porphyry systems, Sar Cheshmeh and Sungun. Prior to Persian Gold’s involvement in the project, Dalli has never been drilled.

The project consists of extensive surface gold-copper mineralisation in an intermediate intrusive complex. There are two distinct centres of mineralisation located 1.7km apart, known as the South Hill and the North Hill.

A four-hole core drilling programme has been completed with every hole encountering significant gold-copper mineralisation. As such, plans are underway to initiate a second phase drill programme to further define this mineral discovery.

The two mineralised centres, as defined by both surface geochemistry and diamond drilling, are aligned along a northeast-southwest trending structural zone. The similarity of copper and gold grades in both the South Hill and the North Hill mineral complexes suggest the strength of these porphyry systems.

A surface IP (Induced Polarisation) geophysical survey has been completed over the porphyry centres at both the North Hill and the South Hill. This survey consisted of six profiles for a total length of 2.6km. This survey has defined potential extensions to the zone of conductive sulphides which correlates with the intercepts seen in the drilling.

For comparative purposes, two of the largest porphyry copper deposits in Iran, Sar Cheshmeh and Sungun have copper grades only slightly higher than that of Dalli’s South Hill mineral system. The copper grade at Sar Cheshmeh is approximately 0.70% and that of Sungun is 0.75% with only minor by-product gold for each. The gold content in the Dalli South Hill is significant and will greatly impact the economics of the project.

Dustbiglu Project
Persian Gold has identified a new volcanic hosted gold target known as Dustbiglu. This project is located in the northwestern part of the central volcanic belt approximately 450km northwest of Tehran. It is defined by a very large area of volcanic rocks that have been intensely altered to silica, clay and alunite. Previous exploration by the government was directed at copper in the region southwest of our area of interest. Persian Gold has obtained the exploration results and re-worked them in the light of a clay-silica-alunite-gold model. The work indicated highly anomalous gold along the edges of the silica system.

Exploration will focus on the silica system, where gold tends to be concentrated in these quartz-alunite or ‘high sulphidation’ systems. The alteration patterns seen at Dustbiglu are nearly identical to some of the large gold mines found in altered volcanics in Peru, Chile and Argentina. Persian Gold has applied for exploration concessions covering this area. Exploration field work is projected to commence during the second quarter of 2008 with a programme of surface sampling and mapping of the alteration system. This work will concentrate on the zones of intense silicification.

Takestan Project
The Twin Hills project within the Takestan exploration area is located approximately 150km northwest of Tehran. It hosts one of the largest concentrations in the world of the alteration mineral known as alunite. Alunite is associated with significant gold mineralisation in many parts of the world but is best exemplified in South America where some of the continent’s largest gold mines are hosted in alunite altered volcanics.

During the regional sampling within the greater Takestan alunite alteration area, Twin Hills emerged as a high priority target with strong gold values sampled in outcrop over a zone of leached silica. Persian Gold is awaiting permits to trench, sample and ultimately drill the Twin Hills project area. Other alteration zones within the Takestan area require follow-up work but the Company is waiting for approval to be given to Twin Hills as the first drill test in the region.

Geographical Spread

Geologic Map of Iran Outlining Central Volcanic Belt and Project Locations

Board of Directors and Key Management

Dr. John Teeling - Chairman

Has established and managed publicly listed resources companies for 30 years including African Diamonds, African Gold, Pan Andean and Petrel Resources.

Jim Finn – Finance Director

Holds degrees in management and an accounting qualification and is a finance director for several publicly listed junior exploration companies.

David Horgan – Director

Holds a Law degree from Cambridge & MBA from Harvard. He is Managing Director of AIM listed Middle East Oil explorer Petrel Resources plc and oil/gas producer Pan Andean Resources plc.

Jack Teeling – Director

Holds a degree and Masters in Finance from University College Dublin. Has worked in the Finance Industry in Ireland and Australia. Has been involved in the junior resource industry in recent years.

Dr. Manouchehr Takin – Director

Has vast experience in natural resources working for the Iranian Oil Consortium, Geological Survey of Iran, Anglo American and the OPEC Secretariat in Vienna. Since 1990 he has been with the Centre for Global Energy Studies in London. Dr. Takin is widely published on technical, economic and policy issues covering Iranian and Middle East geology, mineral deposits, and world oil supplies.

Company Address

162 Clontarf Road
Dublin, Ireland 3


Telephone:	+ 353 1 8332833
Facsimile:	+353 1 8333505
Email:	info[at]persiangoldplc.com
Website:	http://www.persiangoldplc.com

Capital

Issued Share Capital: 63.4m shares

Year End

31 Dec

Nominated Brokers

Astaire Securities Plc

Nominated Advisors