Exercise of Option and Temporary Suspension

Cubus Lux Plc (the "Company")                         

                  Exercise of option and Temporary Suspension                  

Further to the announcements made by the Company on 13 March 2007, 13 July 2007
and 1 October 2007 the board announces that the Company has now exercised the
option over the Olive Island land. The acquisition of this land will constitute
a reverse takeover under the AIM Rules, and accordingly will be subject to
shareholder approval.

The Company has requested that its shares are temporarily suspended from
trading on AIM until such time as an admission document is posted to
shareholders which will, inter alia, seek the consent of shareholders to enter
into the transaction. The Company hopes to post this admission document to
shareholders in the near future.

A further announcement will be made in due course.

For further information please see www.cubuslux.com or contact:

Steve McCann
Cubus Lux plc
[phone]

Simon Sacerdoti/Liam Murray
City Financial Associates Limited
[phone]

Kealan Doyle
Lewis Charles Securities Limited
[phone]

Neil Badger
Ellis Stockbrokers Limited
[phone]