TIDMAR.

RNS Number : 5629K

Archipelago Resources PLC

18 July 2011

 
 18(th) July 2011   AIM: AR.

Archipelago Resources Plc

("Archipelago" or "the Company")

Mt Lokon Volcano, Indonesia

No effect on Toka Tindung Gold Mine

Archipelago notes the recent news reports with regards to the volcanic activity at Mt Lokon in North Sulawesi, Indonesia and advises that it has had no effect on mining and processing activites at the Company's Toka Tindung Gold Project.

Mt Lokon is located approximately 42 kilometers south west of Toka Tindung and 15 kilometres south south west of the Provincial capital of Manado. To date no sightings of dust have been reported at Toka Tindung, where operations are continuing as normal.

The Company will continue to monitor the situation and advise if there is any change likely to have a material impact on the Company's operations.

Further Info: Colin Loosemore, Managing Director, Archipelago Resources Plc.

Tel: 61 8 9364 8301

Shaun Whyte, Ambrian Partners Ltd

Tel: 44 20 7634 4700

Bobby Morse / Katharine Sutton, Buchanan

Tel: 44 20 7466 5000

Fiona Kindness / David Hignell, Grant Thornton Corporate Finance

Tel: 44 20 7383 5100

www.archipelagoresources.co.uk

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 95% owner of the producing Toka Tindung Gold Project in North Sulawesi, Indonesia), Vietnam (as majority party in the Pac Lang and Cam Thuy/Ba Thuoc joint ventures with VINACOMIN a Vietnamese Government mining company) and the Philippines (via entitlement to not less than an 80% interest in exploration company Corplex).

The Toka Tindung Gold Project has a current resource of 1.7 million ounces ("ozs") of gold equivalent ("AuEq") of which 1.1 million ozs will be extracted by way of open pit mining. Production in 2011 is targeted to be 80,000 ozs of AuEq, with an annual average production of 160,000 ozs of AuEq targeted for the first 6 years of an initial 8 year project life.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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