Company Information for Vatukoula Gold Mines plc

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AIM; VGM View full financial data

Company Statement

Vatukoula Gold Mines plc is a UK based mining and exploration company with gold projects in Fiji and Brazil and a exploratory diamond project in Sierra Leone. The company's shares are traded on the London Stock Exchange's Alternative Investment Market (AIM) under the ticker 'VGM'.

Highlights

• Own 100% of the Vatukoula Gold Mine in Fiji, a producing gold mine which contains 830,000 ounces of gold reserves and 5.15 million ounces of gold resources.
• Benefits from a strong management team, with many years of global experience in both the investment and operational side of the gold and diamond industry
• Own 100% of the Rio Novo Gold prospect in Brazil, consisting of 4 claims over an area of 30,000 hectares The area is proximate to the producing Palito Gold Mine.
• Owns diamond exploration assets in Sierra Leone which are awaiting renewal of exploration licenses.
• Own 0.46% of Global Diamond Resources Plc which owns 93% owned Kao Diamond Project in Lesotho

Current Operations

The Company's primary project is the Vatukoula Gold Mine in Fiji. The Company's portfolio also comprises diamond exploration projects in Sierra Leone and a gold exploration project Brazil. The exploration sites in order of development are Vatukoula (Fiji), Panguma (Sierra Leone), and Rio Novo (Brazil).

Vatukoula (Fiji)
The Company owns the mining rights and associated assets of the Vatukoula Gold Mine.
Reserves of 858,000 ounces gold and a resource of almost 5 million ounces gold
There are currently 3 operating shafts and a decline, plus over 450km of underground drives
Vatukoula has an operational history, of over 70 years and has excellent infrastructure

Panguma (Sierra Leone)

• 5,400 hectares containing 2 confirmed kimberlite dykes + a 3rd Identified Target Inferred strike length of 4km
• Adjacent to Tongo Dyke Field, where US$ 2.75 billion diamonds have been extracted and dyke grades vary from 87cpht to 268cpht
•  Awaiting renewal of exploration license from the Ministry of Mineral Resources of Sierra Leone

Rio Novo (Brazil)

• Located in the Tapajos gold province, central Brazil
• The area comprises 4 claims over an area of 30,000 hectares
• The area is proximate to the Palito Gold Mine a producing gold mine.

Kao Diamond Project (Lesotho)

• The Company owns a 0.46% stake in Global Diamond Resources Plc, the holding company of the 147 million tonne, 10.19 million carat Kao Diamond Project in Lesotho, Southern Africa.

Geographical Spread

Fiji and Brazil and a exploratory diamond project in Sierra Leone.

Board of Directors and Key Management

Ian Colin Orr-Ewing	Executive Chairman
David Paxton	CEO
David Anthony Lenigas	Executive Director
Kiran Caldas Morzaria	Finance Director
Donald Ian George Layman Strang	Non-executive Director
John Ian Stalker	Non-executive Director
Neil Lindsey Herbert	Non-executive Director
Herbert Hirst Leathley	General Manager of the Vatukoula Gold mine
Mike Shaw Walker	Country Manager

Company Address 22 Arlington Street London, United Kingdom SW1A 1RD Telephone: +44 (0)207 016 7861 Email: info[at]vgmplc.com Website: http://www.vatukoulagoldmines.com

Additional Address/Key Contact Public / Investor Relations Bishopsgate Communications - Nick Rome - Michael Kinirons T: +44 (0)20 7562 3350 F : +44 (0)20 7628 0889 E: nick.rome@bishopsgatecommunications.com E: michael.kinirons@bishopsgatecommunications.com

Capital Issued and fully paid Amount £1,902,371 Total shares on issue: 1,902,371,027 100.00% Securities not in public hands: 748,922,246 39.4% Ordinary shares of 0.10p

Nominated Brokers W H Ireland Limited 24 Martin Lane London EC4R 0DR Hichens, Harrison & Co. plc Bell Court House 11 Bloomfield Street London EC2M ILB

Nominated Advisors W H Ireland Limited 24 Martin Lane London EC4R 0DR

Major Shareholders

– 29th January 2009:
TEMPLAR MINERALS LIMITED	285,000,000	14.9 %
PERSHING NOMINEES LIMITED	263,358,870	13.8 %
ATLANTIC LAW (NOMINEES) LIMITED	143,290,000	7.5%
EUROCLEAR NOMINEES LIMITED	99,616,154	5.2%
HSBC CLIENT HOLDINGS NOMINEE (UK) LIMITED	72,928,235	3.8%
STATE STREET NOMINEES LIMITED	69,650,000	3.7%

Related News

16/04/09 - Vatukoula Gold Mines Finally Gets Its Fundraising Away And Will Now Work Towards Doubling Gold Production
06/01/09 - Vatukoula Gold Mines Marches On Towards Profitability In Fiji, With One Eye On Working Capital

Most Recent Statement

22/06/09 - BRIEF-Vatukoula Gold Mines - Q3 opg prft 0.983 mln stg
22/06/09 - Operational Update
12/06/09 - Issue of Equity
10/06/09 - Result of EGM
10/06/09 - Additional Duty Concessions Granted
29/05/09 - Interim Results