RNS Number:3228S
Archipelago Resources PLC
21 November 2003

Archipelago Resources PLC (the "Company")

Issue of Equity

The Company is pleased to announce that it has successfully placed 1,000,000
ordinary shares of 1p each at a placing price of 28p raising #280,000 before
expenses.  The proceeds of the placing will be used to recoup and add to working
capital utilised to repay the remaining Convertible Noteholders 2004 (amounting
to #200,000) and thereby retire the last of the company's debt.  Application has
been made for the shares to be traded on AIM and admission is expected on Monday
24 November 2003.


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