Mkurumu Project

Bezant Resources PLC 06 November 2007 6 November 2007 Bezant Resources Plc ('Bezant' or the 'Company') Bezant's subsidiary earns an additional 23 per cent. interest in its Tanzania project Highlights: • Anglo Tanzania Gold Limited ('ATGL'), a wholly owned subsidiary of Bezant, earns an additional 23 per cent. of the Mkurumu project • ATGL now holds 46 per cent. of the Mkurumu project, a subsidiary of AngloGold Ashanti holds 46 per cent. and Tanzanian locals hold the remaining 8 per cent. Bezant Resources plc (AIM: BZT), the AIM listed exploration and development company with gold and copper assets in Tanzania and the Philippines, is pleased to announce that its wholly owned subsidiary, ATGL, now holds 46 per cent. of the Mkurumu project in Tanzania. ATGL has for the last year accelerated its drilling and exploration programme on the Mkurumu project and has received confirmation from its joint venture partner in Tanzania, a subsidiary of AngloGold Ashanti, that it has earned a further 23 per cent. interest in the project. As a consequence, ATGL now holds an equal interest to AngloGold Ashanti with the remaining 8 per cent. held by Tanzanian locals. Clive Sinclair-Poulton, CEO of Bezant, said: 'We continue to be excited by the potential at Mkurumu and have chosen to accelerate our investment in the project accordingly. The corresponding increase in our project interest to 46 per cent. gives us parity with AngloGold Ashanti in the project and therefore represents an important strategic stake as well as giving Bezant greater exposure to the upside potential from this asset. Our 2007/2008 work programme will see the Company continuing its strategy of seeking to generate increased value in both our Tanzanian and Filipino assets.' Notes for editors: Tanzania is the third largest producer of gold in Africa and is increasing its production on an annual basis. The majority of gold production is centred around the west of the country, whereas Bezant is concentrating its efforts in the under explored east, an area of great potential. Tanzania has been independent since 1964 and is in the enviable position of having consistent political stability, holding regular democratic multi-party elections. Western style mining laws, combined with good infrastructure, skill levels and a supportive government have attracted a number of world class mining companies. For further information, please contact: Clive Sinclair-Poulton, Chief Executive Bezant Resources Plc Email: clive@bezantresources.com Tel: +353 (0) 85 739 2674 James Harris Matthew Chandler Strand Partners Limited Tel: +44 (0) 20 7409 3494 Gary Middleton St Swithins PR Limited Email: gary@swithins.com Tel: +44 (0) 7951 603 289 This information is provided by RNS The company news service from the London Stock Exchange
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