Final Results

Embargoed: not to be released until 7.00 am on
                                                                  30 March, 2005
 
               SILENTPOINT PLC ('Silentpoint' or 'the Company')                

            Preliminary Results for the year ended 31 October, 2004            

Silentpoint plc, an investment company, today announces its preliminary results
for the year ended 31 October 2004.

Highlights

  * Profit before tax increased by 83 per cent. to £100,704 (2003: £55,071)
   
  * Earnings per share increased by 87 per cent. to 0.58p (2003: 0.31p)
   
  * Investment of a 40.1 per cent. interest in Silvermines Media plc in June
    2004
   
  * Acquisition by Silvermines Media plc of two oil and gas projects in
    February 2005 and change of name to Cambrian Oil & Gas plc. Silentpoint
    currently holds 10.4 per cent. of Cambrian Oil & Gas, a company with
    interests in the Krygyz republic and former Soviet Union providing a
    platform for expansion and consolidation
   
  * Investment of a 28.6 per cent. interest in India Star Energy plc in March
    2005
   
  * Small company investment scene still favourable
   
  * Current net cash, after above investments, of £700,000
   
Commenting on the results, Haresh Kanabar, Silentpoint's Chairman, said:

'I think this is a satisfactory result underlining the attractions of investing
in quality small companies with prospects of capital growth. As gains are only
booked on disposal, we anticipate boosting future returns. The outlook for 2005
remains positive.'

Enquiries:

Haresh Kanabar, Chairman, Silentpoint plc 020 7070 7283
Smit Berry, Chief Executive, Silentpoint plc 020 8656 4648


CHAIRMAN'S STATEMENT

I have pleasure in enclosing the results for the twelve months to 31 October
2004, which has proven to be a busy period for your company.

Before reporting on the year under review, I again set out Silentpoint's
strategy and focus. As we highlighted two years ago, this is based around
finding a balanced solution offering significant growth for the Company's
funds, while mitigated the risks wherever possible. Central to our strategy is
investment in, or acquisition of, unquoted businesses with established
operations as well as the investment in, or acquisition of, undervalued quoted
and unquoted companies.

I am pleased to report that profit before tax last year increased to £100,704,
which compares to a profit in the previous year of £55,071. Although we do not
revalue investments but hold them at the lower of cost or net realisable value
on the balance sheet, net assets have been significantly enhanced by two
corporate transactions since the year end. Earnings per share increased to
0.58p (2003: 0.31p).

Cambrian Oil & Gas (AIM: COIL)

In June last year, as reported at our interim stage, we acquired a holding of
9.28 million shares in Silvermines Media plc ('Silvermines Media'), a company
whose shares were admitted to trading on AIM in July 2004. This was our biggest
single investment to date and represented 40.1 per cent. of Silvermines' issued
share capital at the time our investment was made.

A number of opportunities were subsequently examined by the board of
Silvermines Media, of which I was a director at the time, and in February, to
gain exposure to the oil sector, Silvermines Media acquired Zhibek Resources
plc, an independent oil & gas company and a division of Cambrian Mining Plc
('Cambrian Mining'), an established AIM listed mining finance company. The name
of the enlarged group has subsequently been changed to Cambrian Oil & Gas plc
('Cambrian Oil & Gas').

The transaction has brought with it not only existing oil and gas exploration
and production activities but also a continuing relationship with Cambrian
Mining, which, on implementation of the proposals, has agreed to offer all of
its potential future opportunities in oil and gas interests to Cambrian Oil &
Gas in the first instance. As part of the transaction, Silvermines Media
concluded a placing which raised £2.25 million before expenses.

Silentpoint subscribed for a further 2,000,000 shares in Silvermines Media
pursuant to the placing, alongside Cambrian Mining which also invested.
Following completion of the transaction, Silentpoint held 11,280,000 shares
representing 10.4 per cent. of the enlarged capital of Cambrian Oil & Gas,
which it still holds.

Cambrian Oil & Gas is active in the Kyrgyz Republic, part of the former Soviet
Union and an established oil producing country. Its key personnel have been
active there for more than five years and have established a strong presence in
the country through their early involvement.

The business of Cambrian Oil & Gas consists of two projects. The first is a
production sharing contract with Kyrgyzneftegas to work over the Beshkent Togap
field in the south-west of the country. The field was discovered and developed
in the Soviet era but existing equipment is dated and there has been little
modern technology used to maximise flows. That means that a large proportion of
the oil remains in place and is accessible to even simple means of recovery
such as waterflooding. This field has more than 70 producing wells and has
produced 4 million barrels to date and Cambrian Oil & Gas has therefore
initiated a water flooding programme to improve recovery rates and provide
early cash flow with relatively low risk.

Cambrian Oil & Gas also has a licence (72 per cent.) in the Tash Kumyr region,
where the company has used seismic data to identify five drilling targets. This
licence, of 840 sq. kilometres, is close to some of the largest fields in the
country. The company plans one well later this year at South Karagundai which
has the potential to deliver a significant upside for shareholders.

The directors of Cambrian Oil & Gas have publicly stated that they believe that
Cambrian Oil & Gas is in a strong position to take advantage of other
acquisition opportunities in the Krygyz Republic and elsewhere in the former
Soviet Union.

India Star Energy (AIM: INDY)

The first half of the year has also been eventful with a further move in order
to make use of our positive cash balance to generate further growth for
shareholders. I am pleased to announce that Silentpoint has invested £320,000
in India Star Energy, a company whose shares are expected to commence trading
on AIM later today.

Silentpoint has invested a total of £320,000 in India Star Energy and now holds
40,000,000 ordinary shares, representing 28.57 per cent. of the issued share
capital of India Star Energy.

India Star Energy is a newly incorporated company that has been established to
invest in or acquire interests in projects, businesses or companies in the
resource sector with a focus on energy. The directors of India Star Energy
anticipate that acquisitions will mainly be in the non-renewable energy sector
which includes oil, gas, coal and uranium.

Geographically the directors of India Star Energy have stated that they will
concentrate on investment opportunities in areas in the Indian subcontinent as
well as China, the former Soviet Union, South East Asia and Africa, and
opportunities relating to uranium initially in areas where there has already
been production, such as Canada, Australia and South Africa. One area that they
intend to specifically target is the Indian subcontinent and, in particular,
India itself.

Outlook

I think this is a satisfactory result underlining the attractions of investing
in quality small companies with prospects of capital growth. As gains are only
booked on disposal, we anticipate boosting future returns. The outlook for 2005
remains positive.

Haresh Kanabar
Chairman


Profit and Loss Account
For the year ended 31 October, 2004

                                              Note      Year ended   Year ended
                                                       31 October,  31 October,
                                                              2004         2003
                                                                   (As restated)
                                                                               
                                                                £             £
                                                                               
Turnover - investment income                               171,910       87,294
                                                                               
Diminution in value of current asset                      (30,000)            -
investments                                                                    
                                                                               
Other operating expenses (net)                            (76,472)     (67,790)
                                                                               
Operating profit                                            65,438       19,504
                                                                               
Other interest receivable and similar                       35,266       35,567
income                                                                         
                                                                               
Profit on ordinary activities before                       100,704       55,071
taxation                                                                       
                                                                               
Taxation                                                         -            -
                                                                               
Profit for the year                                        100,704       55,071
                                                                               
Earnings per share: Basic and diluted          3             0.58p        0.31p



Balance Sheet
As at 31 October, 2004

                                                            As at        As at
                                                       31 October   31 October
                                                             2004         2003
                                                                              
                                                                £            £
                                                                              
Fixed Assets                                                                  
                                                                              
Investments                                               264,000            -
                                                                              
Current Assets                                                                
                                                                              
Investments                                               173,213      359,850
                                                                              
Debtors                                                    75,680       24,070
                                                                              
Cash at bank and in hand                                  850,577      874,819
                                                                              
                                                        1,099,470    1,258,739
                                                                              
Creditors: Amounts falling due within one year           (12,588)      (8,561)
                                                                              
Net Current Assets                                      1,086,882    1,250,178
                                                                              
Net Assets                                              1,350,882    1,250,178
                                                                              
Capital and Reserves                                                          
                                                                              
Called up Share Capital                                   350,000      350,000
                                                                              
Share Premium Account                                   1,076,496    1,076,496
                                                                              
Profit and Loss Account                                  (75,614)    (176,318)
                                                                              
Equity Shareholders' Funds                              1,350,882    1,250,178
                                                                              


Cash Flow Statement
For the year ended 31 October, 2004

                                                             Year          Year
                                                            ended         ended
                                                       31 October    31 October
                                                             2004          2003
                                                                  (As restated)
                                                                               
                                                                £             £
                                                                               
Cash flow from operating activities                      (59,508)     (334,793)
                                                                               
Return on investments and servicing of                     35,266        35,567
finance                                                                        
                                                                               
Cash outflow before financing and use of                 (24,242)     (299,226)
Liquid Resources                                                               
                                                                               
Management of liquid resources                             34,102       315,041
                                                                               
Increase in cash in the period                              9,860        15,815
                                                                               
Reconciliation of net cash flow to movement                                    
in net funds                                                                   
                                                                               
Increase in cash in the period                              9,860        15,815
                                                                               
Cash outflow from increase in liquid                    (190,739)        40,532
resources                                                                      
                                                                               
Changes in net funds resulting from cash                (180,879)        56,347
flows                                                                          
                                                                               
Non-cash movement of funds                               (30,000)             -
                                                                               
Movement in Net Funds in the Period                     (210,879)        56,347
                                                                               
Net funds at 1 November 2003                            1,234,669     1,178,322
                                                                               
Net funds at 31 October 2004                            1,023,790     1,234,669


Notes to the Preliminary Results

1.  The financial statements have been prepared under historical cost convention
    and in accordance with applicable accounting standards.

2.  No dividend is proposed for the year ended 31 October, 2004.

3.  Basic and diluted earnings per ordinary share have been calculated using the
    weighted average number of shares in issue during the financial year. The
    weighted average number of equity shares in issue is 17,500,000 (2003:
    17,500,000) and the profit after tax is £100,704 (2003: £55,071).

4.  The financial information set out in this preliminary announcement does not
    constitute statutory accounts as defined in Section 240 of the Companies
    Act 1985. The profit and loss account for the year ended 31 October, 2004,
    the balance sheet as at 31 October, 2004 and the cash flow statement and
    associated notes for the year then ended have been extracted from the
    Company's financial statements upon which the auditors have given an
    unqualified audit report. Those financial statements have not yet been
    delivered to the Registrar of Companies. The 2003 accounts have been
    delivered to the Registrar of Companies and the auditors reported on them,
    their report was unqualified and did not contain a statement under Section
    237(2) or (3) of the Companies Act 1985.
   
5.  Copies of the annual accounts are being sent to shareholders and are
    available from the Company's registered office, 84 Addiscombe Road, Croydon,
    Surrey CR0 5PP.