RNS Number:6933J
Archipelago Resources PLC
15 March 2005

                                  ANNOUNCEMENT

                                   COMPLETION

                                       of

                         TECHNICAL DUE DILIGENCE STUDY

                                 regarding the

                           TOKA TINDUNG GOLD PROJECT



AMC Consultants has advised that it has completed its Technical Due Diligence
Study of the Toka Tindung Gold Project in Sulawesi.  The work was commissioned
by an Australian banking group as part of the due diligence process required for
the provision of a loan facility which together with an accompanying equity
raising will provide project development financing for construction of the
processing plant and associated civil engineering works.  The Company is in
discussion with the banks regarding the loan facility sought to develop the
Company's Toka Tindung Gold Project in Sulawesi.



The Toka Tindung Gold Project has a resource of 1.75M oz of gold equivalent of
which at least 0.9M oz will initially be mineable by open pit.  Production is
targeted at 160,000 oz per annum for an initial 6 year mine life commencing in
mid 2006.



Archipelago is a mining company listed on the AIM market of the London Stock
Exchange. The Company's principal activities are gold mining and exploration in
Indonesia (as 85% owner of the Toka Tindung Gold Project in Sulawesi), Vietnam
(as majority party in the Cam Thuy/Ba Thuoc joint venture with Vimico a
Vietnamese Government mining company) and the Philippines (as option holders
over a 100% interest in the Corplex tenements).



Further Info:   Colin Loosemore, Managing Director, Archipelago Resources Plc.
                Tel:      00-618-9364-8301



               Ron Marshman/John Greenhalgh, City of London PR Limited.
               Tel:      020-7628-5518
               www.mining-investor.com/arch


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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